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2022
Exports $52.4MWorld Rnk 32 / 156
Flag Rnk 530 / 1216
2022
Destination $3.66M Brazil
2021 - 2022
FASTEST GROWING MARKET $3.66MBrazil
2022
PRODUCT COMPLEXITY IN Iron Wire-0.35Rnk 661 / 1025
2022
Imports $196MWorld Rnk 18 / 216
Flag Rnk 454 / 1214
2022
Origin $15.7M China
2021 - 2022
FASTEST GROWING ORIGIN $15.7MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $52.4M in Iron Wire, making it the 32nd largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 530th most exported product in United Kingdom. The main destination of Iron Wire exports from United Kingdom are: Brazil ($19.2M), Netherlands ($5.77M), United States ($4.41M), Ireland ($3.83M), and Denmark ($3.28M).

The fastest growing export markets for Iron Wire of United Kingdom between 2021 and 2022 were Brazil ($3.66M), Ireland ($1.09M), and Germany ($376k).

Imports In 2022, United Kingdom imported $196M in Iron Wire, becoming the 18th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 454th most imported product in United Kingdom. United Kingdom imports Iron Wire primarily from: China ($25.1M), Germany ($19.2M), Slovakia ($17.9M), Spain ($17.4M), and Czechia ($16.9M).

The fastest growing import markets in Iron Wire for United Kingdom between 2021 and 2022 were China ($15.7M), Germany ($6.93M), and Brazil ($3.58M).

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Iron Wire exports accounted up to £3.79M and imports accounted up to £12M, resulting in a negative trade balance of £8.21M. Between August 2023 and August 2024 the exports of United Kingdom's   Iron Wire have decreased by £-857k (-18.5%) from £4.64M to £3.79M, while imports increased by £660k (5.82%) from £11.3M to £12M.

Destinations In August 2024, Iron Wire were exported mostly to Brazil (£2.26M), United States (£380k), Denmark (£369k), Ireland (£172k), and Germany (£116k), and were imported mostly from Germany (£1.85M), Turkey (£1.46M), Spain (£1.32M), China (£1.27M), and Netherlands (£1.16M).

Growth In August 2024, the decrease in Iron Wire's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-678k or -89.2%), Denmark (£-411k or -66%), and United States (£-291k or -98.9%). In August 2024, the increase in Iron Wire's year-by-year imports was explained primarily by an increase in imports from Brazil (£416k or 15.3k%), Netherlands (£405k or 35.9%), and Belgium (£405k or 311%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-857k(-18.5%)
IMPORT GROWTH (August 2023 - August 2024)£660k(5.82%)
MAIN EXPORTER (August 2024)London Gateway£4.31M
MAIN DESTINATION (August 2024)Brazil£2.26M

This section shows Iron Wire'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 Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$52.4M
IMPORTS (2022)$196M
NET TRADE (2022)-$144M

In 2022, United Kingdom exported $52.4M in Iron Wire. The main destinations of United Kingdom exports on Iron Wire were Brazil ($19.2M), Netherlands ($5.77M), United States ($4.41M), Ireland ($3.83M), and Denmark ($3.28M).

In 2022, United Kingdom imported $196M in Iron Wire, mainly from China ($25.1M), Germany ($19.2M), Slovakia ($17.9M), Spain ($17.4M), and Czechia ($16.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Brazil$3.66M (23.5%)
Ireland$1.09M (39.6%)
Germany$376k (13.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY United Kingdom WERE (2021 - 2022):
Denmark-$10.7M (-76.5%)
Netherlands-$2.38M (-29.2%)
Canada-$963k (-36.5%)
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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 Wire were:
China $3.4B
Italy $994M
Germany $566M
In 2022, United Kingdom's main importing competitors in Iron Wire were:
United States $903M
Germany $877M
Saudi Arabia $540M

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.16M
TOP IMPORT POTENTIALChina+ $16.6M

Iron Wire’s highest export potential is Germany. With an export gap of $3.16M.   Iron Wire’s highest import potential is China with an import gap of $16.6M.

See methodology.

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