Other Stainless Steel Bars in United Kingdom | The Observatory of Economic Complexity

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).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (232) were at the forefront of shipping Other Stainless Steel Bars from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Other Stainless Steel Bars exports accounted up to £11.1M and imports accounted up to £22.4M, resulting in a negative trade balance of £11.3M. Between January 2023 and January 2024 the exports of United Kingdom's Other Stainless Steel Bars have decreased by £-3.1M (-21.9%) from £14.2M to £11.1M, while imports increased by £240k (1.08%) from £22.1M to £22.4M.

Destinations In January 2024, Other Stainless Steel Bars were exported mostly to Italy (£1.78M), Germany (£1.63M), Ireland (£1.23M), France (£887k), and India (£772k), and were imported mostly from Italy (£4.31M), Spain (£3.63M), Austria (£2.95M), Taiwan (£2.22M), and Sweden (£1.91M).

Growth In January 2024, the decrease in Other Stainless Steel Bars's year-by-year exports was explained primarily by a decrease in exports to Sweden (£-302k or -46.4%), Canada (£-76.5k or -91.5%), and Japan (£-68.6k or -96.2%). In January 2024, the increase in Other Stainless Steel Bars's year-by-year imports was explained primarily by an increase in imports from Sweden (£1.82M or 273%), Taiwan (£1.35M or 322%), and Germany (£898k or 38.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-3.1M(-21.9%)

IMPORT GROWTH (January 2023 - January 2024)£240k(1.08%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£5.82M

MAIN DESTINATION (January 2024)Italy£1.78M

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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