Iron Railway Products in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $86.4M in Iron Railway Products, making it the 11th largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 433rd most exported product in United Kingdom. The main destination of Iron Railway Products exports from United Kingdom are: Liberia ($12.3M), Estonia ($7.1M), Senegal ($6.78M), Germany ($6.08M), and Norway ($6.07M).

The fastest growing export markets for Iron Railway Products of United Kingdom between 2021 and 2022 were Liberia ($12.3M), Senegal ($6.74M), and Mongolia ($4.23M).

Imports In 2022, United Kingdom imported $63.8M in Iron Railway Products, becoming the 15th largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 691st most imported product in United Kingdom. United Kingdom imports Iron Railway Products primarily from: Austria ($13.5M), Germany ($10.9M), Spain ($7.77M), Australia ($7.48M), and France ($6.83M).

The fastest growing import markets in Iron Railway Products for United Kingdom between 2021 and 2022 were Austria ($5.65M), Germany ($2.76M), and India ($1.54M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Iron Railway Products from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Iron Railway Products exports accounted up to £5.94M and imports accounted up to £1.91M, resulting in a positive trade balance of £4.03M. Between January 2023 and January 2024 the exports of United Kingdom's Iron Railway Products have decreased by £-5.32M (-47.2%) from £11.3M to £5.94M, while imports decreased by £-1.42M (-42.7%) from £3.33M to £1.91M.

Destinations In January 2024, Iron Railway Products were exported mostly to Belgium (£2.74M), Spain (£577k), Sweden (£466k), Norway (£461k), and United States (£270k), and were imported mostly from Germany (£407k), Austria (£398k), France (£299k), Spain (£252k), and China (£218k).

Growth In January 2024, the decrease in Iron Railway Products's year-by-year exports was explained primarily by a decrease in exports to Germany (£-720k or -72.9%), Sweden (£-367k or -70.2%), and Japan (£-156k or -83%). In January 2024, the decrease in Iron Railway Products's year-by-year imports was explained primarily by a decrease in imports from China (£-993k or -87.5%), France (£-363k or -51.5%), and Germany (£-206k or -17.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-5.32M(-47.2%)

IMPORT GROWTH (January 2023 - January 2024)£-1.42M(-42.7%)

MAIN EXPORTER (January 2024)Immingham£3.18M

MAIN DESTINATION (January 2024)Belgium£2.74M

This section shows Iron Railway Products'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 Railway Products over time.

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