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2018
Exports $1.38BWorld Rnk 26 / 223
Flag Rnk 54 / 1216
2018
Destination $35M United States
2022 - 2023
FASTEST GROWING MARKET $35MUnited States
2023
PRODUCT COMPLEXITY IN Insulated Wire-0.48Rnk 691 / 1025
2018
Imports $5.14BWorld Rnk 6 / 225
Flag Rnk 19 / 1214
2018
Origin $135M Turkey
2022 - 2023
FASTEST GROWING ORIGIN $135MMorocco
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2018, United Kingdom exported $1.38B in Insulated Wire, making it the 26th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 54th most exported product in United Kingdom. The main destination of Insulated Wire exports from United Kingdom are: United States ($193M), Germany ($134M), Netherlands ($92.8M), France ($83.1M), and Norway ($76M).

The fastest growing export markets for Insulated Wire of United Kingdom between 2022 and 2023 were United States ($35M), Norway ($19.7M), and Cote d'Ivoire ($15.4M).

Imports In 2023, United Kingdom imported $5.14B in Insulated Wire, becoming the 6th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 19th most imported product in United Kingdom. United Kingdom imports Insulated Wire primarily from: Turkey ($746M), China ($686M), Morocco ($513M), Egypt ($417M), and Poland ($289M).

The fastest growing import markets in Insulated Wire for United Kingdom between 2022 and 2023 were Morocco ($135M), Romania ($49.4M), and India ($40.2M).

COMPANIES In 2023, leading companies such as StarTech (11), GE RENEWABLES NORTH AMERICA LLC (1), and Pernod Ricard (1) were at the forefront of shipping Insulated Wire from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Insulated Wire exports accounted up to £134M and imports accounted up to £365M, resulting in a negative trade balance of £231M. Between November 2023 and November 2024 the exports of United Kingdom's   Insulated Wire have increased by £35.1M (35.4%) from £99.2M to £134M, while imports decreased by £-26M (-6.65%) from £391M to £365M.

Destinations In November 2024, Insulated Wire were exported mostly to United States (£12.2M), Germany (£10.7M), Ireland (£9.18M), Indonesia (£8.53M), and Netherlands (£8.2M), and were imported mostly from Turkey (£61.5M), China (£44.7M), Morocco (£31.5M), Germany (£24.2M), and United States (£23.1M).

Growth In November 2024, the increase in Insulated Wire's year-by-year exports was explained primarily by an increase in exports to United States (£6.51M or 71.1%), Ireland (£2.97M or 52.7%), and Norway (£2.77M or 171%). In November 2024, the decrease in Insulated Wire's year-by-year imports was explained primarily by a decrease in imports from China (£-9.76M or -21.7%), Hong Kong (£-4.9M or -62.3%), and Belgium (£-3.33M or -68.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£35.1M(35.4%)
IMPORT GROWTH (November 2023 - November 2024)£-26M(-6.65%)
MAIN EXPORTER (November 2024)Dover Eurotunnel£31.9M
MAIN DESTINATION (November 2024)United States£12.2M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.38B
IMPORTS (2023)$5.14B
NET TRADE (2023)-$3.76B

In 2023, United Kingdom exported $1.38B in Insulated Wire. The main destinations of United Kingdom exports on Insulated Wire were United States ($193M), Germany ($134M), Netherlands ($92.8M), France ($83.1M), and Norway ($76M).

In 2023, United Kingdom imported $5.14B in Insulated Wire, mainly from Turkey ($746M), China ($686M), Morocco ($513M), Egypt ($417M), and Poland ($289M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
United States$35M (22.2%)
Norway$19.7M (35%)
Cote d'Ivoire$15.4M (2.21k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY United Kingdom WERE (2022 - 2023):
Ireland-$39.9M (-34.7%)
Hong Kong-$18.7M (-30.8%)
Israel-$10.2M (-70.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Insulated Wire were:
China $30.3B
Mexico $17.9B
United States $10.1B
In 2023, United Kingdom's main importing competitors in Insulated Wire were:
United States $29.8B
Germany $15.2B
Japan $8.89B

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $115M
TOP IMPORT POTENTIALChina+ $279M

Insulated Wire’s highest export potential is United States. With an export gap of $115M.   Insulated Wire’s highest import potential is China with an import gap of $279M.

See methodology.

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