Iron & steel in United Kingdom 2021 Exports | Imports : $8.4B | $7.42B, World Rnk 22 / 224 Rnk 13 / 96 | World Rnk 21 / 225 Rnk 19 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $415M | $375M, Egypt | Vietnam
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
2021 PRODUCT COMPLEXITY IN Iron & steel: 1.71, Rnk 25 / 1029
Exports In 2021, United Kingdom exported $8.4B in Iron & steel, making it the 22nd largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 13th most exported product in United Kingdom. The main destination of Iron & steel exports from United Kingdom are: Turkey ($1.08B), Netherlands ($680M), Egypt ($651M), Spain ($638M), and Sweden ($559M).
The fastest growing export markets for Iron & steel of United Kingdom between 2020 and 2021 were Egypt ($415M), Turkey ($299M), and Spain ($293M).
Imports In 2021, United Kingdom imported $7.42B in Iron & steel, becoming the 21st largest importer of Iron & steel in the world. At the same year, Iron & steel was the 19th most imported product in United Kingdom. United Kingdom imports Iron & steel primarily from: Germany ($722M), Spain ($706M), Belgium ($578M), Netherlands ($560M), and France ($543M).
The fastest growing import markets in Iron & steel for United Kingdom between 2020 and 2021 were Vietnam ($375M), Spain ($368M), and Turkey ($304M).
March 2023
Overview In March 2023 United Kingdom's Iron & steel exports accounted up to £664M and imports accounted up to £473M, resulting in a positive trade balance of £191M. Between March 2022 and March 2023 the exports of United Kingdom's Iron & steel have decreased by £-98.4M (-12.9%) from £763M to £664M, while imports decreased by £-140M (-22.8%) from £613M to £473M.
Destinations In March 2023, Iron & steel were exported mostly to Turkey (£87.8M), Netherlands (£52.7M), India (£52.6M), Spain (£46.7M), and Egypt (£46.5M), and were imported mostly from N/A.
Growth In March 2023, the decrease in Iron & steel's year-by-year exports was explained primarily by a decrease in exports to Brazil (£-6.79M or -72.9%), India (£-4.34M or -40.1%), and Malaysia (£-4.05M or -81.8%). In March 2023, the decrease in Iron & steel's year-by-year imports was explained primarily by a decrease in imports from Ireland (£-2.55M or -27.9%), Algeria (£-2.51M or -55.4%), and South Africa (£-1.88M or -50.9%).
EXPORT GROWTH (March 2022 - March 2023): £-98.4M, (-12.9%)
IMPORT GROWTH (March 2022 - March 2023): £-140M, (-22.8%)
MAIN EXPORTER (March 2023): Liverpool, £82.7M
MAIN DESTINATION (March 2023): Turkey, £87.8M
This section shows Iron & steel'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 & steel over time.
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EXPORTS (2021): $8.4B
IMPORTS (2021): $7.42B
NET TRADE (2021): $988M
In 2021, United Kingdom exported $8.4B in Iron & steel. The main destinations of United Kingdom exports on Iron & steel were Turkey ($1.08B), Netherlands ($680M), Egypt ($651M), Spain ($638M), and Sweden ($559M).
In 2021, United Kingdom imported $7.42B in Iron & steel, mainly from Germany ($722M), Spain ($706M), Belgium ($578M), Netherlands ($560M), and France ($543M).
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Iron & steel were:
In 2021, United Kingdom's main importing competitors in Iron & steel were:
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