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2022
Exports $193MWorld Rnk 13 / 144
Flag Rnk 281 / 1216
2022
Destination $9.76M Germany
2021 - 2022
FASTEST GROWING MARKET $9.76MGermany
2022
PRODUCT COMPLEXITY IN Other Stainless Steel Bars1.42Rnk 67 / 1025
2022
Imports $306MWorld Rnk 6 / 219
Flag Rnk 354 / 1214
2022
Origin $14.4M Spain
2021 - 2022
FASTEST GROWING ORIGIN $14.4MAustria
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $193M in Other Stainless Steel Bars, making it the 13th largest exporter of Other Stainless Steel Bars in the world. At the same year, Other Stainless Steel Bars was the 281st most exported product in United Kingdom. The main destination of Other Stainless Steel Bars exports from United Kingdom are: Germany ($47.4M), Ireland ($19.2M), Italy ($14.6M), Netherlands ($14.1M), and Portugal ($10.9M).

The fastest growing export markets for Other Stainless Steel Bars of United Kingdom between 2021 and 2022 were Germany ($9.76M), Portugal ($5.37M), and Sweden ($5.26M).

Imports In 2022, United Kingdom imported $306M in Other Stainless Steel Bars, becoming the 6th largest importer of Other Stainless Steel Bars in the world. At the same year, Other Stainless Steel Bars was the 354th most imported product in United Kingdom. United Kingdom imports Other Stainless Steel Bars primarily from: Spain ($69.9M), Italy ($64.6M), Germany ($40.1M), Austria ($27M), and India ($20.3M).

The fastest growing import markets in Other Stainless Steel Bars for United Kingdom between 2021 and 2022 were Austria ($14.4M), Spain ($13.4M), and Italy ($11.7M).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Other Stainless Steel Bars exports accounted up to £13.1M and imports accounted up to £19M, resulting in a negative trade balance of £5.87M. Between September 2023 and September 2024 the exports of United Kingdom's   Other Stainless Steel Bars have increased by £515k (4.08%) from £12.6M to £13.1M, while imports decreased by £-4.02M (-17.5%) from £23M to £19M.

Destinations In September 2024, Other Stainless Steel Bars were exported mostly to Italy (£2.22M), Saudi Arabia (£1.56M), Ireland (£1.42M), France (£1.19M), and Germany (£678k), and were imported mostly from Italy (£3.78M), Chinese Taipei (£2.67M), Germany (£2.57M), Spain (£1.9M), and France (£1.72M).

Growth In September 2024, the increase in Other Stainless Steel Bars's year-by-year exports was explained primarily by an increase in exports to United States (£1.38M or 753%), Ireland (£1.17M or 286%), and Germany (£905k or 53.3%). In September 2024, the decrease in Other Stainless Steel Bars's year-by-year imports was explained primarily by a decrease in imports from Spain (£-1.79M or -30%), Belgium (£-687k or -27.7%), and Switzerland (£-553k or -74.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£515k(4.08%)
IMPORT GROWTH (September 2023 - September 2024)£-4.02M(-17.5%)
MAIN EXPORTER (September 2024)Dover Eurotunnel£7.26M
MAIN DESTINATION (September 2024)Italy£2.22M

This section shows Other Stainless Steel Bars'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 Stainless Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$193M
IMPORTS (2022)$306M
NET TRADE (2022)-$113M

In 2022, United Kingdom exported $193M in Other Stainless Steel Bars. The main destinations of United Kingdom exports on Other Stainless Steel Bars were Germany ($47.4M), Ireland ($19.2M), Italy ($14.6M), Netherlands ($14.1M), and Portugal ($10.9M).

In 2022, United Kingdom imported $306M in Other Stainless Steel Bars, mainly from Spain ($69.9M), Italy ($64.6M), Germany ($40.1M), Austria ($27M), and India ($20.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Stainless Steel Bars EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Germany$9.76M (25.9%)
Portugal$5.37M (97.6%)
Sweden$5.26M (158%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Stainless Steel Bars BY United Kingdom WERE (2021 - 2022):
United Arab Emirates-$1.11M (-40.4%)
Thailand-$918k (-60.8%)
Tunisia-$496k (-80.8%)
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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 Stainless Steel Bars were:
Italy $1.61B
India $1.23B
Germany $1.02B
In 2022, United Kingdom's main importing competitors in Other Stainless Steel Bars were:
Germany $1.44B
United States $830M
Italy $500M

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Trade Value of Other Stainless Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $10.2M
TOP IMPORT POTENTIALIndia+ $12.3M

Other Stainless Steel Bars’s highest export potential is Germany. With an export gap of $10.2M.   Other Stainless Steel Bars’s highest import potential is India with an import gap of $12.3M.

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