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Pricing

2022
Exports $1.95BWorld Rnk 8 / 221
Flag Rnk 36 / 1216
2022
Destination $49.7M United States
2021 - 2022
FASTEST GROWING MARKET $49.7MUnited States
2022
PRODUCT COMPLEXITY IN Other Measuring Instruments1.54Rnk 44 / 1025
2022
Imports $1.33BWorld Rnk 10 / 226
Flag Rnk 102 / 1214
2022
Origin $60.5M Germany
2021 - 2022
FASTEST GROWING ORIGIN $60.5MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $1.95B in Other Measuring Instruments, making it the 8th largest exporter of Other Measuring Instruments in the world. At the same year, Other Measuring Instruments was the 36th most exported product in United Kingdom. The main destination of Other Measuring Instruments exports from United Kingdom are: United States ($373M), Germany ($195M), Hong Kong ($177M), China ($121M), and United Kingdom ($101M).

The fastest growing export markets for Other Measuring Instruments of United Kingdom between 2021 and 2022 were United States ($49.7M), United Kingdom ($42.1M), and Germany ($17.9M).

Imports In 2022, United Kingdom imported $1.33B in Other Measuring Instruments, becoming the 10th largest importer of Other Measuring Instruments in the world. At the same year, Other Measuring Instruments was the 102nd most imported product in United Kingdom. United Kingdom imports Other Measuring Instruments primarily from: Germany ($280M), United States ($200M), China ($116M), United Kingdom ($101M), and Netherlands ($74.4M).

The fastest growing import markets in Other Measuring Instruments for United Kingdom between 2021 and 2022 were United States ($60.5M), United Kingdom ($42.1M), and China ($14.7M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Other Measuring Instruments from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Other Measuring Instruments exports accounted up to £136M and imports accounted up to £114M, resulting in a positive trade balance of £21.6M. Between August 2023 and August 2024 the exports of United Kingdom's   Other Measuring Instruments have increased by £2.23M (1.67%) from £134M to £136M, while imports increased by £12.1M (11.8%) from £102M to £114M.

Destinations In August 2024, Other Measuring Instruments were exported mostly to United States (£27.2M), Germany (£18.5M), Hong Kong (£12.1M), China (£7.12M), and Ireland (£6.45M), and were imported mostly from Germany (£24.2M), France (£21.3M), United States (£14.4M), Japan (£5.38M), and China (£5.37M).

Growth In August 2024, the increase in Other Measuring Instruments's year-by-year exports was explained primarily by an increase in exports to Qatar (£8.06M or 4.45k%), Germany (£3.15M or 45.8%), and China (£2.85M or 59%). In August 2024, the increase in Other Measuring Instruments's year-by-year imports was explained primarily by an increase in imports from United States (£5.71M or 75.8%), Germany (£2.96M or 20.4%), and China (£2.15M or 66.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£2.23M(1.67%)
IMPORT GROWTH (August 2023 - August 2024)£12.1M(11.8%)
MAIN EXPORTER (August 2024)London Heathrow Airport£58.5M
MAIN DESTINATION (August 2024)United States£27.2M

This section shows Other Measuring Instruments'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 Other Measuring Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.95B
IMPORTS (2022)$1.33B
NET TRADE (2022)$624M

In 2022, United Kingdom exported $1.95B in Other Measuring Instruments. The main destinations of United Kingdom exports on Other Measuring Instruments were United States ($373M), Germany ($195M), Hong Kong ($177M), China ($121M), and United Kingdom ($101M).

In 2022, United Kingdom imported $1.33B in Other Measuring Instruments, mainly from Germany ($280M), United States ($200M), China ($116M), United Kingdom ($101M), and Netherlands ($74.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Measuring Instruments EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$49.7M (15.4%)
United Kingdom$42.1M (71.4%)
Germany$17.9M (10.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Measuring Instruments BY United Kingdom WERE (2021 - 2022):
Hong Kong-$39.4M (-18.2%)
France-$22M (-25.8%)
Saudi Arabia-$14.3M (-35.3%)
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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 Other Measuring Instruments were:
Germany $8.71B
United States $7.13B
China $6.9B
In 2022, United Kingdom's main importing competitors in Other Measuring Instruments were:
China $10.8B
United States $6.69B
Germany $3.73B

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Trade Value of Other Measuring Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $85.4M
TOP IMPORT POTENTIALGermany+ $68.4M

Other Measuring Instruments’s highest export potential is China. With an export gap of $85.4M.   Other Measuring Instruments’s highest import potential is Germany with an import gap of $68.4M.

See methodology.

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