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2022
Exports $478MWorld Rnk 31 / 151
Flag Rnk 150 / 1216
2022
Destination $90.7M Turkey
2021 - 2022
FASTEST GROWING MARKET $90.7MTurkey
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron0.41Rnk 402 / 1025
2022
Imports $836MWorld Rnk 26 / 214
Flag Rnk 156 / 1214
2022
Origin $86.4M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $86.4MBelgium
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $478M in Hot-Rolled Iron, making it the 31st largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 150th most exported product in United Kingdom. The main destination of Hot-Rolled Iron exports from United Kingdom are: Turkey ($118M), Spain ($74.1M), Netherlands ($70.8M), Ireland ($61.8M), and France ($30.6M).

The fastest growing export markets for Hot-Rolled Iron of United Kingdom between 2021 and 2022 were Turkey ($90.7M), Netherlands ($17.3M), and Italy ($12.8M).

Imports In 2022, United Kingdom imported $836M in Hot-Rolled Iron, becoming the 26th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 156th most imported product in United Kingdom. United Kingdom imports Hot-Rolled Iron primarily from: Belgium ($150M), Netherlands ($143M), Germany ($123M), Sweden ($64.5M), and India ($63.1M).

The fastest growing import markets in Hot-Rolled Iron for United Kingdom between 2021 and 2022 were Belgium ($86.4M), Netherlands ($49M), and Germany ($28.9M).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Hot-Rolled Iron exports accounted up to £16M and imports accounted up to £59.5M, resulting in a negative trade balance of £43.4M. Between June 2023 and June 2024 the exports of United Kingdom's   Hot-Rolled Iron have decreased by £-3.03M (-15.9%) from £19.1M to £16M, while imports decreased by £-28.3M (-32.3%) from £87.8M to £59.5M.

Destinations In June 2024, Hot-Rolled Iron were exported mostly to Ireland (£5.51M), Spain (£4.02M), France (£1.16M), Portugal (£1.11M), and Germany (£924k), and were imported mostly from Netherlands (£18M), Vietnam (£11.3M), India (£9.53M), Belgium (£4.24M), and France (£3.5M).

Growth In June 2024, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Turkey (£-35.6M or -69.1%), Spain (£-932k or -39.1%), and Ireland (£-552k or -7.53%). In June 2024, the decrease in Hot-Rolled Iron's year-by-year imports was explained primarily by a decrease in imports from Turkey (£-9.46M or -99.2%), South Korea (£-9.41M or -96.4%), and Italy (£-7.56M or -68%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-3.03M(-15.9%)
IMPORT GROWTH (June 2023 - June 2024)£-28.3M(-32.3%)
MAIN EXPORTER (June 2024)Newport- Gwent£7.52M
MAIN DESTINATION (June 2024)Ireland£5.51M

This section shows Hot-Rolled Iron's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Hot-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$478M
IMPORTS (2022)$836M
NET TRADE (2022)-$358M

In 2022, United Kingdom exported $478M in Hot-Rolled Iron. The main destinations of United Kingdom exports on Hot-Rolled Iron were Turkey ($118M), Spain ($74.1M), Netherlands ($70.8M), Ireland ($61.8M), and France ($30.6M).

In 2022, United Kingdom imported $836M in Hot-Rolled Iron, mainly from Belgium ($150M), Netherlands ($143M), Germany ($123M), Sweden ($64.5M), and India ($63.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Turkey$90.7M (326%)
Netherlands$17.3M (32.2%)
Italy$12.8M (2.33k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron BY United Kingdom WERE (2021 - 2022):
Ireland-$65.4M (-51.4%)
Mexico-$16.5M (-98.1%)
Canada-$11.2M (-71.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Hot-Rolled Iron were:
Japan $11.2B
China $11.2B
South Korea $6.81B
In 2022, United Kingdom's main importing competitors in Hot-Rolled Iron were:
Italy $5.5B
Vietnam $5.46B
Germany $4B

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Trade Value of Hot-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $22.6M
TOP IMPORT POTENTIALIndia+ $37.9M

Hot-Rolled Iron’s highest export potential is France. With an export gap of $22.6M.   Hot-Rolled Iron’s highest import potential is India with an import gap of $37.9M.

See methodology.

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