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2022
Exports $72.5MWorld Rnk 14 / 188
Flag Rnk 464 / 1216
2022
Destination $1.91M United States
2021 - 2022
FASTEST GROWING MARKET $1.91MUnited States
2022
PRODUCT COMPLEXITY IN Iron Chains1.44Rnk 65 / 1025
2022
Imports $174MWorld Rnk 10 / 222
Flag Rnk 480 / 1214
2022
Origin $16.2M China
2021 - 2022
FASTEST GROWING ORIGIN $16.2MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $72.5M in Iron Chains, making it the 14th largest exporter of Iron Chains in the world. At the same year, Iron Chains was the 464th most exported product in United Kingdom. The main destination of Iron Chains exports from United Kingdom are: United States ($10.1M), Ireland ($5.21M), Germany ($4.79M), Poland ($4.71M), and Italy ($3.52M).

The fastest growing export markets for Iron Chains of United Kingdom between 2021 and 2022 were United States ($1.91M), South Korea ($987k), and France ($980k).

Imports In 2022, United Kingdom imported $174M in Iron Chains, becoming the 10th largest importer of Iron Chains in the world. At the same year, Iron Chains was the 480th most imported product in United Kingdom. United Kingdom imports Iron Chains primarily from: China ($58.1M), Germany ($30.4M), Italy ($11.1M), Japan ($10.1M), and United States ($8.13M).

The fastest growing import markets in Iron Chains for United Kingdom between 2021 and 2022 were China ($16.2M), Germany ($10M), and United States ($3.11M).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Iron Chains exports accounted up to £3.03M and imports accounted up to £8.61M, resulting in a negative trade balance of £5.59M. Between September 2023 and September 2024 the exports of United Kingdom's   Iron Chains have decreased by £-2.63M (-46.5%) from £5.66M to £3.03M, while imports increased by £336k (4.06%) from £8.28M to £8.61M.

Destinations In September 2024, Iron Chains were exported mostly to United States (£472k), Italy (£316k), Ireland (£301k), Germany (£274k), and South Korea (£166k), and were imported mostly from China (£2.65M), Germany (£1.5M), Netherlands (£762k), Vietnam (£576k), and South Africa (£540k).

Growth In September 2024, the decrease in Iron Chains's year-by-year exports was explained primarily by a decrease in exports to Nigeria (£-174k or -95.6%), United States (£-92.2k or -16.9%), and Guyana (£-69.8k or -46.3%). In September 2024, the increase in Iron Chains's year-by-year imports was explained primarily by an increase in imports from Germany (£813k or 74.1%), Japan (£312k or 45.3%), and Czechia (£178k or 536%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£-2.63M(-46.5%)
IMPORT GROWTH (September 2023 - September 2024)£336k(4.06%)
MAIN EXPORTER (September 2024)Dover Eurotunnel£1.86M
MAIN DESTINATION (September 2024)United States£472k

This section shows Iron Chains'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 Iron Chains over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$72.5M
IMPORTS (2022)$174M
NET TRADE (2022)-$102M

In 2022, United Kingdom exported $72.5M in Iron Chains. The main destinations of United Kingdom exports on Iron Chains were United States ($10.1M), Ireland ($5.21M), Germany ($4.79M), Poland ($4.71M), and Italy ($3.52M).

In 2022, United Kingdom imported $174M in Iron Chains, mainly from China ($58.1M), Germany ($30.4M), Italy ($11.1M), Japan ($10.1M), and United States ($8.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Chains EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$1.91M (23.2%)
South Korea$987k (272%)
France$980k (39.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Chains BY United Kingdom WERE (2021 - 2022):
Netherlands-$1.43M (-36.1%)
Australia-$1.23M (-38.2%)
Poland-$1.11M (-19.1%)
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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 Iron Chains were:
China $2.52B
Germany $905M
Japan $503M
In 2022, United Kingdom's main importing competitors in Iron Chains were:
United States $827M
Germany $495M
Canada $260M

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Trade Value of Iron Chains by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.45M
TOP IMPORT POTENTIALChina+ $9.99M

Iron Chains’s highest export potential is United States. With an export gap of $4.45M.   Iron Chains’s highest import potential is China with an import gap of $9.99M.

See methodology.

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