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2022
Exports $107MWorld Rnk 6 / 187
Flag Rnk 395 / 1216
2022
Destination $2.57M United States
2021 - 2022
FASTEST GROWING MARKET $2.57MRomania
2022
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts1.05Rnk 150 / 1025
2022
Imports $88.8MWorld Rnk 9 / 220
Flag Rnk 617 / 1214
2022
Origin $7.87M United States
2021 - 2022
FASTEST GROWING ORIGIN $7.87MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $107M in Opto-Electric Instrument Parts, making it the 6th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 395th most exported product in United Kingdom. The main destination of Opto-Electric Instrument Parts exports from United Kingdom are: United States ($20.5M), Germany ($10.2M), Netherlands ($9.83M), France ($5.39M), and Lithuania ($5.2M).

The fastest growing export markets for Opto-Electric Instrument Parts of United Kingdom between 2021 and 2022 were Romania ($2.57M), Germany ($1.34M), and United Kingdom ($1.32M).

Imports In 2022, United Kingdom imported $88.8M in Opto-Electric Instrument Parts, becoming the 9th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 617th most imported product in United Kingdom. United Kingdom imports Opto-Electric Instrument Parts primarily from: United States ($16.8M), Germany ($16.5M), Netherlands ($7.51M), Romania ($5.56M), and China ($5.49M).

The fastest growing import markets in Opto-Electric Instrument Parts for United Kingdom between 2021 and 2022 were United States ($7.87M), Romania ($2.81M), and Belgium ($2.19M).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Opto-Electric Instrument Parts exports accounted up to £7.18M and imports accounted up to £4.4M, resulting in a positive trade balance of £2.78M. Between September 2023 and September 2024 the exports of United Kingdom's   Opto-Electric Instrument Parts have decreased by £-627k (-8.03%) from £7.8M to £7.18M, while imports decreased by £-2.52M (-36.4%) from £6.92M to £4.4M.

Destinations In September 2024, Opto-Electric Instrument Parts were exported mostly to United States (£1.65M), Netherlands (£836k), Lithuania (£593k), China (£558k), and Germany (£552k), and were imported mostly from United States (£806k), Germany (£798k), Netherlands (£519k), Romania (£484k), and China (£376k).

Growth In September 2024, the decrease in Opto-Electric Instrument Parts's year-by-year exports was explained primarily by a decrease in exports to Canada (£-1.41M or -94.1%), Portugal (£-313k or -75%), and Ireland (£-300k or -83.8%). In September 2024, the decrease in Opto-Electric Instrument Parts's year-by-year imports was explained primarily by a decrease in imports from Romania (£-277k or -43.1%), China (£-176k or -41.4%), and Singapore (£-115k or -90.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£-627k(-8.03%)
IMPORT GROWTH (September 2023 - September 2024)£-2.52M(-36.4%)
MAIN EXPORTER (September 2024)East Midlands Airport£1.88M
MAIN DESTINATION (September 2024)United States£1.65M

This section shows Opto-Electric Instrument Parts'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 Opto-Electric Instrument Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$107M
IMPORTS (2022)$88.8M
NET TRADE (2022)$17.8M

In 2022, United Kingdom exported $107M in Opto-Electric Instrument Parts. The main destinations of United Kingdom exports on Opto-Electric Instrument Parts were United States ($20.5M), Germany ($10.2M), Netherlands ($9.83M), France ($5.39M), and Lithuania ($5.2M).

In 2022, United Kingdom imported $88.8M in Opto-Electric Instrument Parts, mainly from United States ($16.8M), Germany ($16.5M), Netherlands ($7.51M), Romania ($5.56M), and China ($5.49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Romania$2.57M (137%)
Germany$1.34M (15.2%)
United Kingdom$1.32M (115%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY United Kingdom WERE (2021 - 2022):
China-$3.18M (-50.9%)
Algeria-$831k (-88.2%)
Ireland-$799k (-31.7%)
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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 Opto-Electric Instrument Parts were:
United States $435M
Germany $420M
China $354M
In 2022, United Kingdom's main importing competitors in Opto-Electric Instrument Parts were:
United States $380M
Germany $308M
Hong Kong $170M

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.76M
TOP IMPORT POTENTIALGermany+ $3.3M

Opto-Electric Instrument Parts’s highest export potential is Germany. With an export gap of $3.76M.   Opto-Electric Instrument Parts’s highest import potential is Germany with an import gap of $3.3M.

See methodology.

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