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2022
Exports $59.2MWorld Rnk 19 / 207
Flag Rnk 505 / 1216
2022
Destination $2.7M Ireland
2021 - 2022
FASTEST GROWING MARKET $2.7MUnited States
2022
PRODUCT COMPLEXITY IN Iron Housewares-0.78Rnk 776 / 1025
2022
Imports $520MWorld Rnk 4 / 223
Flag Rnk 250 / 1214
2022
Origin $3.16M China
2021 - 2022
FASTEST GROWING ORIGIN $3.16MTurkey
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $59.2M in Iron Housewares, making it the 19th largest exporter of Iron Housewares in the world. At the same year, Iron Housewares was the 505th most exported product in United Kingdom. The main destination of Iron Housewares exports from United Kingdom are: Ireland ($12.9M), Netherlands ($6.12M), United States ($5.78M), Australia ($3.69M), and France ($2.82M).

The fastest growing export markets for Iron Housewares of United Kingdom between 2021 and 2022 were United States ($2.7M), Belgium ($536k), and France ($417k).

Imports In 2022, United Kingdom imported $520M in Iron Housewares, becoming the 4th largest importer of Iron Housewares in the world. At the same year, Iron Housewares was the 250th most imported product in United Kingdom. United Kingdom imports Iron Housewares primarily from: China ($373M), India ($35.8M), Germany ($16.4M), France ($11.4M), and Turkey ($10.3M).

The fastest growing import markets in Iron Housewares for United Kingdom between 2021 and 2022 were Turkey ($3.16M), Malaysia ($2.89M), and Hong Kong ($1.27M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Iron Housewares from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Iron Housewares exports accounted up to £3.03M and imports accounted up to £28.6M, resulting in a negative trade balance of £25.6M. Between June 2023 and June 2024 the exports of United Kingdom's   Iron Housewares have decreased by £-404k (-11.8%) from £3.43M to £3.03M, while imports decreased by £-922k (-3.12%) from £29.6M to £28.6M.

Destinations In June 2024, Iron Housewares were exported mostly to Ireland (£798k), Germany (£312k), Netherlands (£286k), France (£268k), and United States (£136k), and were imported mostly from China (£19.3M), India (£1.5M), France (£1.09M), Netherlands (£759k), and Belgium (£622k).

Growth In June 2024, the decrease in Iron Housewares's year-by-year exports was explained primarily by a decrease in exports to Australia (£-203k or -89%), Netherlands (£-86.4k or -17.2%), and Spain (£-58.8k or -71.7%). In June 2024, the decrease in Iron Housewares's year-by-year imports was explained primarily by a decrease in imports from China (£-15.3M or -42.9%), Hong Kong (£-2.44M or -81.8%), and Switzerland (£-1.62M or -90.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-404k(-11.8%)
IMPORT GROWTH (June 2023 - June 2024)£-922k(-3.12%)
MAIN EXPORTER (June 2024)Dover Eurotunnel£1.76M
MAIN DESTINATION (June 2024)Ireland£798k

This section shows Iron Housewares'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 Housewares over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$59.2M
IMPORTS (2022)$520M
NET TRADE (2022)-$460M

In 2022, United Kingdom exported $59.2M in Iron Housewares. The main destinations of United Kingdom exports on Iron Housewares were Ireland ($12.9M), Netherlands ($6.12M), United States ($5.78M), Australia ($3.69M), and France ($2.82M).

In 2022, United Kingdom imported $520M in Iron Housewares, mainly from China ($373M), India ($35.8M), Germany ($16.4M), France ($11.4M), and Turkey ($10.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Housewares EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$2.7M (87.3%)
Belgium$536k (39.5%)
France$417k (17.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Housewares BY United Kingdom WERE (2021 - 2022):
Netherlands-$7.44M (-54.9%)
Ireland-$5M (-28%)
Germany-$1.07M (-28.7%)
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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 Housewares were:
China $12.2B
India $744M
Germany $742M
In 2022, United Kingdom's main importing competitors in Iron Housewares were:
United States $3.97B
Germany $1.22B
France $532M

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Trade Value of Iron Housewares by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.38M
TOP IMPORT POTENTIALIndia+ $11.6M

Iron Housewares’s highest export potential is United States. With an export gap of $5.38M.   Iron Housewares’s highest import potential is India with an import gap of $11.6M.

See methodology.

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