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2022
Exports $6.95MWorld Rnk 19 / 114
Flag Rnk 911 / 1216
2022
Destination $853k Spain
2021 - 2022
FASTEST GROWING MARKET $853kUnited States
2022
PRODUCT COMPLEXITY IN Iron Ingots-1.39Rnk 930 / 1025
2022
Imports $5.07MWorld Rnk 27 / 172
Flag Rnk 1079 / 1214
2022
Origin $254k Ireland
2021 - 2022
FASTEST GROWING ORIGIN $254kFrance
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $6.95M in Iron Ingots, making it the 19th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 911th most exported product in United Kingdom. The main destination of Iron Ingots exports from United Kingdom are: Spain ($2.87M), United States ($1.44M), Finland ($919k), France ($391k), and Germany ($265k).

The fastest growing export markets for Iron Ingots of United Kingdom between 2021 and 2022 were United States ($853k), Finland ($604k), and Italy ($76.7k).

Imports In 2022, United Kingdom imported $5.07M in Iron Ingots, becoming the 27th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 1079th most imported product in United Kingdom. United Kingdom imports Iron Ingots primarily from: Ireland ($2.08M), China ($801k), United States ($569k), France ($492k), and Poland ($285k).

The fastest growing import markets in Iron Ingots for United Kingdom between 2021 and 2022 were France ($254k), Sweden ($185k), and United Kingdom ($47.7k).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Iron Ingots exports accounted up to £719k and imports accounted up to £289k, resulting in a positive trade balance of £430k. Between June 2023 and June 2024 the exports of United Kingdom's   Iron Ingots have increased by £578k (410%) from £141k to £719k, while imports decreased by £-105k (-26.6%) from £394k to £289k.

Destinations In June 2024, Iron Ingots were exported mostly to United States (£300k), Germany (£229k), Spain (£114k), Finland (£41.6k), and Slovenia (£20k), and were imported mostly from China (£152k), United States (£60.1k), Sweden (£39.4k), France (£23.2k), and Ireland (£10.2k).

Growth In June 2024, the increase in Iron Ingots's year-by-year exports was explained primarily by an increase in exports to Finland (£77.7k or 102%), Ireland (£11.3k or 64.5%), and Belgium (£2.19k or 79.4%). In June 2024, the decrease in Iron Ingots's year-by-year imports was explained primarily by a decrease in imports from France (£-62.6k or -81.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£578k(410%)
IMPORT GROWTH (June 2023 - June 2024)£-105k(-26.6%)
MAIN EXPORTER (June 2024)Dover Eurotunnel£339k
MAIN DESTINATION (June 2024)United States£300k

This section shows Iron Ingots'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 Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.95M
IMPORTS (2022)$5.07M
NET TRADE (2022)$1.88M

In 2022, United Kingdom exported $6.95M in Iron Ingots. The main destinations of United Kingdom exports on Iron Ingots were Spain ($2.87M), United States ($1.44M), Finland ($919k), France ($391k), and Germany ($265k).

In 2022, United Kingdom imported $5.07M in Iron Ingots, mainly from Ireland ($2.08M), China ($801k), United States ($569k), France ($492k), and Poland ($285k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$853k (145%)
Finland$604k (192%)
Italy$76.7k (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY United Kingdom WERE (2021 - 2022):
Spain-$954k (-24.9%)
Chinese Taipei-$807k (-95.1%)
Germany-$306k (-53.6%)
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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 Iron Ingots were:
India $189M
China $107M
Iran $76.9M
In 2022, United Kingdom's main importing competitors in Iron Ingots were:
Italy $188M
Guatemala $85.4M
Jordan $69.5M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $224k
TOP IMPORT POTENTIALChina+ $355k

Iron Ingots’s highest export potential is Germany. With an export gap of $224k.   Iron Ingots’s highest import potential is China with an import gap of $355k.

See methodology.

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