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2022
Exports $132MWorld Rnk 23 / 209
Flag Rnk 348 / 1216
2022
Destination $3.12M Ireland
2021 - 2022
FASTEST GROWING MARKET $3.12MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Padlocks0.82Rnk 236 / 1025
2022
Imports $528MWorld Rnk 5 / 223
Flag Rnk 247 / 1214
2022
Origin $13.5M China
2021 - 2022
FASTEST GROWING ORIGIN $13.5MCzechia
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $132M in Padlocks, making it the 23rd largest exporter of Padlocks in the world. At the same year, Padlocks was the 348th most exported product in United Kingdom. The main destination of Padlocks exports from United Kingdom are: Ireland ($23.2M), United States ($15.2M), France ($14.1M), Germany ($8.14M), and Netherlands ($5.93M).

The fastest growing export markets for Padlocks of United Kingdom between 2021 and 2022 were United Kingdom ($3.12M), Ireland ($2.93M), and Czechia ($2.22M).

Imports In 2022, United Kingdom imported $528M in Padlocks, becoming the 5th largest importer of Padlocks in the world. At the same year, Padlocks was the 247th most imported product in United Kingdom. United Kingdom imports Padlocks primarily from: China ($181M), Germany ($71.8M), Czechia ($46.1M), Chinese Taipei ($29.3M), and Spain ($22.6M).

The fastest growing import markets in Padlocks for United Kingdom between 2021 and 2022 were Czechia ($13.5M), United Kingdom ($3.12M), and Portugal ($2.91M).

COMPANIES In 2023, leading companies such as Pernod Ricard (1) and Dana Incorporated (1) were at the forefront of shipping Padlocks from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Padlocks exports accounted up to £10.1M and imports accounted up to £36.1M, resulting in a negative trade balance of £26.1M. Between June 2023 and June 2024 the exports of United Kingdom's   Padlocks have increased by £1.11M (12.4%) from £8.97M to £10.1M, while imports decreased by £-2.81M (-7.22%) from £39M to £36.1M.

Destinations In June 2024, Padlocks were exported mostly to Ireland (£1.72M), France (£1.52M), United States (£1.47M), Germany (£1.13M), and Netherlands (£282k), and were imported mostly from China (£11.2M), Germany (£5.21M), Czechia (£4.39M), Chinese Taipei (£1.95M), and Spain (£1.32M).

Growth In June 2024, the increase in Padlocks's year-by-year exports was explained primarily by an increase in exports to Sweden (£1.14M or 740%), France (£626k or 112%), and Germany (£603k or 280%). In June 2024, the decrease in Padlocks's year-by-year imports was explained primarily by a decrease in imports from China (£-2.91M or -20.8%), Hong Kong (£-1.15M or -73.4%), and Chinese Taipei (£-1.1M or -45.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£1.11M(12.4%)
IMPORT GROWTH (June 2023 - June 2024)£-2.81M(-7.22%)
MAIN EXPORTER (June 2024)Dover Eurotunnel£2.98M
MAIN DESTINATION (June 2024)Ireland£1.72M

This section shows Padlocks'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 Padlocks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$132M
IMPORTS (2022)$528M
NET TRADE (2022)-$396M

In 2022, United Kingdom exported $132M in Padlocks. The main destinations of United Kingdom exports on Padlocks were Ireland ($23.2M), United States ($15.2M), France ($14.1M), Germany ($8.14M), and Netherlands ($5.93M).

In 2022, United Kingdom imported $528M in Padlocks, mainly from China ($181M), Germany ($71.8M), Czechia ($46.1M), Chinese Taipei ($29.3M), and Spain ($22.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$3.12M (440%)
Ireland$2.93M (14.4%)
Czechia$2.22M (137%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY United Kingdom WERE (2021 - 2022):
France-$2.55M (-15.3%)
South Africa-$1.28M (-75%)
Netherlands-$999k (-14.4%)
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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 Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, United Kingdom's main importing competitors in Padlocks were:
United States $3.22B
Germany $1.14B
Mexico $800M

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.3M
TOP IMPORT POTENTIALChina+ $19.1M

Padlocks’s highest export potential is United States. With an export gap of $10.3M.   Padlocks’s highest import potential is China with an import gap of $19.1M.

See methodology.

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