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2022
Exports $5.09MWorld Rnk 12 / 161
Flag Rnk 955 / 1216
2022
Destination $296k United States
2021 - 2022
FASTEST GROWING MARKET $296kUnited States
2022
Imports $7.37MWorld Rnk 9 / 207
Flag Rnk 1040 / 1214
2022
Origin $656k China
2021 - 2022
FASTEST GROWING ORIGIN $656kIreland
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $5.09M in Iron Sewing Needles, making it the 12th largest exporter of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 955th most exported product in United Kingdom. The main destination of Iron Sewing Needles exports from United Kingdom are: United States ($1.37M), France ($522k), Ireland ($276k), Netherlands ($240k), and Hungary ($219k).

The fastest growing export markets for Iron Sewing Needles of United Kingdom between 2021 and 2022 were United States ($296k), Malaysia ($173k), and Ireland ($122k).

Imports In 2022, United Kingdom imported $7.37M in Iron Sewing Needles, becoming the 9th largest importer of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 1040th most imported product in United Kingdom. United Kingdom imports Iron Sewing Needles primarily from: China ($3.25M), India ($1M), Ireland ($710k), Germany ($364k), and United States ($363k).

The fastest growing import markets in Iron Sewing Needles for United Kingdom between 2021 and 2022 were Ireland ($656k), China ($134k), and Italy ($125k).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Iron Sewing Needles exports accounted up to £472k and imports accounted up to £394k, resulting in a positive trade balance of £77.8k. Between September 2023 and September 2024 the exports of United Kingdom's   Iron Sewing Needles have increased by £28.7k (6.47%) from £443k to £472k, while imports decreased by £-22.2k (-5.33%) from £416k to £394k.

Destinations In September 2024, Iron Sewing Needles were exported mostly to United States (£139k), France (£90.7k), Spain (£57.1k), Poland (£19k), and China (£18.8k), and were imported mostly from China (£229k), France (£70k), United States (£33.4k), Germany (£19k), and Japan (£14k).

Growth In September 2024, the increase in Iron Sewing Needles's year-by-year exports was explained primarily by an increase in exports to Netherlands (£80.3k or 232%), France (£24.5k or 79.1%), and Australia (£16.6k or 1.3k%). In September 2024, the decrease in Iron Sewing Needles's year-by-year imports was explained primarily by a decrease in imports from South Korea (£-67.8k or -98.5%), Italy (£-38.6k or -75.1%), and India (£-23.2k or -31.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£28.7k(6.47%)
IMPORT GROWTH (September 2023 - September 2024)£-22.2k(-5.33%)
MAIN EXPORTER (September 2024)East Midlands Airport£163k
MAIN DESTINATION (September 2024)United States£139k

This section shows Iron Sewing Needles'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 Sewing Needles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.09M
IMPORTS (2022)$7.37M
NET TRADE (2022)-$2.27M

In 2022, United Kingdom exported $5.09M in Iron Sewing Needles. The main destinations of United Kingdom exports on Iron Sewing Needles were United States ($1.37M), France ($522k), Ireland ($276k), Netherlands ($240k), and Hungary ($219k).

In 2022, United Kingdom imported $7.37M in Iron Sewing Needles, mainly from China ($3.25M), India ($1M), Ireland ($710k), Germany ($364k), and United States ($363k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Sewing Needles EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$296k (27.5%)
Malaysia$173k (1.02k%)
Ireland$122k (79.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Sewing Needles BY United Kingdom WERE (2021 - 2022):
France-$167k (-24.3%)
Indonesia-$86k (-35.5%)
Russia-$82.4k (-91.1%)
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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 Sewing Needles were:
China $164M
Japan $21.4M
United States $19.9M
In 2022, United Kingdom's main importing competitors in Iron Sewing Needles were:
United States $49.2M
Indonesia $25.8M
Malaysia $22.4M

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Trade Value of Iron Sewing Needles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $112k
TOP IMPORT POTENTIALChina+ $320k

Iron Sewing Needles’s highest export potential is Germany. With an export gap of $112k.   Iron Sewing Needles’s highest import potential is China with an import gap of $320k.

See methodology.

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