Iron Railway Products in United Kingdom 2021 Exports | Imports : $70.5M | $61.8M, World Rnk 14 / 125 Rnk 466 / 1216 | World Rnk 14 / 198 Rnk 692 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $7.34M | $5.11M, Estonia | Australia
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
2021 PRODUCT COMPLEXITY IN Iron Railway Products: 0.68, Rnk 286 / 1029
Exports In 2021, United Kingdom exported $70.5M in Iron Railway Products, making it the 14th largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 466th most exported product in United Kingdom. The main destination of Iron Railway Products exports from United Kingdom are: Estonia ($7.63M), Germany ($7.26M), United States ($7.03M), Norway ($5.3M), and Sweden ($4.45M).
The fastest growing export markets for Iron Railway Products of United Kingdom between 2020 and 2021 were Estonia ($7.34M), Germany ($3.87M), and Uzbekistan ($3.86M).
Imports In 2021, United Kingdom imported $61.8M in Iron Railway Products, becoming the 14th largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 692nd most imported product in United Kingdom. United Kingdom imports Iron Railway Products primarily from: Australia ($10M), Spain ($9.5M), France ($8.19M), Germany ($8.13M), and Austria ($7.79M).
The fastest growing import markets in Iron Railway Products for United Kingdom between 2020 and 2021 were Australia ($5.11M), Germany ($3.94M), and France ($3.39M).
March 2023
Overview In March 2023 United Kingdom's Iron Railway Products exports accounted up to £9.43M and imports accounted up to £4.62M, resulting in a positive trade balance of £4.81M. Between March 2022 and March 2023 the exports of United Kingdom's Iron Railway Products have increased by £5.67M (150%) from £3.76M to £9.43M, while imports decreased by £-960k (-17.2%) from £5.59M to £4.62M.
Destinations In March 2023, Iron Railway Products were exported mostly to Liberia (£2.4M), Belgium (£2.02M), United States (£761k), Spain (£711k), and Estonia (£672k), and were imported mostly from Germany (£893k), Austria (£671k), France (£541k), Australia (£536k), and China (£518k).
Growth In March 2023, the increase in Iron Railway Products's year-by-year exports was explained primarily by an increase in exports to Germany (£916k or 1.29k%), Sweden (£380k or 269%), and Brazil (£281k or 2.07k%). In March 2023, the decrease in Iron Railway Products's year-by-year imports was explained primarily by a decrease in imports from Austria (£-313k or -45.3%) and Spain (£-73.9k or -23.6%).
EXPORT GROWTH (March 2022 - March 2023): £5.67M, (150%)
IMPORT GROWTH (March 2022 - March 2023): £-960k, (-17.2%)
MAIN EXPORTER (March 2023): Immingham, £3.32M
MAIN DESTINATION (March 2023): Liberia, £2.4M
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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EXPORTS (2021): $70.5M
IMPORTS (2021): $61.8M
NET TRADE (2021): $8.65M
In 2021, United Kingdom exported $70.5M in Iron Railway Products. The main destinations of United Kingdom exports on Iron Railway Products were Estonia ($7.63M), Germany ($7.26M), United States ($7.03M), Norway ($5.3M), and Sweden ($4.45M).
In 2021, United Kingdom imported $61.8M in Iron Railway Products, mainly from Australia ($10M), Spain ($9.5M), France ($8.19M), Germany ($8.13M), and Austria ($7.79M).
THE FASTEST GROWING Iron Railway Products EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Iron Railway Products were:
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