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2022
Exports $333MWorld Rnk 15 / 213
Flag Rnk 191 / 1216
2022
Destination $6.81M United States
2021 - 2022
FASTEST GROWING MARKET $6.81MIreland
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts1.7Rnk 24 / 1025
2022
Imports $559MWorld Rnk 9 / 225
Flag Rnk 234 / 1214
2022
Origin $13.9M Germany
2021 - 2022
FASTEST GROWING ORIGIN $13.9MIreland
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $333M in Interchangeable Tool Parts, making it the 15th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 191st most exported product in United Kingdom. The main destination of Interchangeable Tool Parts exports from United Kingdom are: United States ($51.7M), Germany ($50.4M), Ireland ($24.9M), Netherlands ($17M), and France ($13.3M).

The fastest growing export markets for Interchangeable Tool Parts of United Kingdom between 2021 and 2022 were Ireland ($6.81M), United States ($6.17M), and United Kingdom ($4.84M).

Imports In 2022, United Kingdom imported $559M in Interchangeable Tool Parts, becoming the 9th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 234th most imported product in United Kingdom. United Kingdom imports Interchangeable Tool Parts primarily from: Germany ($157M), China ($141M), United States ($61M), Ireland ($18M), and Netherlands ($17.7M).

The fastest growing import markets in Interchangeable Tool Parts for United Kingdom between 2021 and 2022 were Ireland ($13.9M), United States ($5.5M), and United Kingdom ($4.84M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (275) were at the forefront of shipping Interchangeable Tool Parts from United Kingdom to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Interchangeable Tool Parts exports accounted up to £20.4M and imports accounted up to £36.8M, resulting in a negative trade balance of £16.4M. Between September 2023 and September 2024 the exports of United Kingdom's   Interchangeable Tool Parts have decreased by £-1.02M (-4.75%) from £21.4M to £20.4M, while imports increased by £2.58M (7.55%) from £34.2M to £36.8M.

Destinations In September 2024, Interchangeable Tool Parts were exported mostly to Germany (£3.14M), United States (£2.2M), Netherlands (£1.41M), Ireland (£1.1M), and Slovakia (£959k), and were imported mostly from China (£7.77M), Germany (£7.41M), Japan (£6.36M), United States (£3.66M), and Netherlands (£2.25M).

Growth In September 2024, the decrease in Interchangeable Tool Parts's year-by-year exports was explained primarily by a decrease in exports to Germany (£-8.36M or -80.9%), Chile (£-214k or -65.7%), and Czechia (£-201k or -76.2%). In September 2024, the increase in Interchangeable Tool Parts's year-by-year imports was explained primarily by an increase in imports from Netherlands (£1.72M or 92.7%), Malaysia (£400k or 754%), and Italy (£231k or 32.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£-1.02M(-4.75%)
IMPORT GROWTH (September 2023 - September 2024)£2.58M(7.55%)
MAIN EXPORTER (September 2024)East Midlands Airport£8.32M
MAIN DESTINATION (September 2024)Germany£3.14M

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$333M
IMPORTS (2022)$559M
NET TRADE (2022)-$226M

In 2022, United Kingdom exported $333M in Interchangeable Tool Parts. The main destinations of United Kingdom exports on Interchangeable Tool Parts were United States ($51.7M), Germany ($50.4M), Ireland ($24.9M), Netherlands ($17M), and France ($13.3M).

In 2022, United Kingdom imported $559M in Interchangeable Tool Parts, mainly from Germany ($157M), China ($141M), United States ($61M), Ireland ($18M), and Netherlands ($17.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Ireland$6.81M (37.7%)
United States$6.17M (13.5%)
United Kingdom$4.84M (81.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY United Kingdom WERE (2021 - 2022):
Germany-$12.3M (-19.6%)
Falkland Islands-$2.54M (-96.8%)
Thailand-$2.52M (-68.6%)
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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 Interchangeable Tool Parts were:
China $4.96B
Germany $3.88B
United States $2.11B
In 2022, United Kingdom's main importing competitors in Interchangeable Tool Parts were:
United States $3.32B
Germany $2.4B
Mexico $1.18B

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $21.6M
TOP IMPORT POTENTIALGermany+ $27.9M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $21.6M.   Interchangeable Tool Parts’s highest import potential is Germany with an import gap of $27.9M.

See methodology.

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