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2022
Exports $3.23BWorld Rnk 2 / 205
Flag Rnk 21 / 1216
2022
Destination $202M United States
2021 - 2022
FASTEST GROWING MARKET $202MUnited States
2022
PRODUCT COMPLEXITY IN Paintings0.54Rnk 356 / 1025
2022
Imports $2.37BWorld Rnk 3 / 212
Flag Rnk 52 / 1214
2022
Origin $135M United States
2021 - 2022
FASTEST GROWING ORIGIN $135MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $3.23B in Paintings, making it the 2nd largest exporter of Paintings in the world. At the same year, Paintings was the 21st most exported product in United Kingdom. The main destination of Paintings exports from United Kingdom are: United States ($1.33B), Switzerland ($271M), Hong Kong ($264M), France ($256M), and United Kingdom ($214M).

The fastest growing export markets for Paintings of United Kingdom between 2021 and 2022 were United States ($202M), United Kingdom ($135M), and South Korea ($94.1M).

Imports In 2022, United Kingdom imported $2.37B in Paintings, becoming the 3rd largest importer of Paintings in the world. At the same year, Paintings was the 52nd most imported product in United Kingdom. United Kingdom imports Paintings primarily from: United States ($1.27B), United Kingdom ($214M), France ($195M), Switzerland ($162M), and Germany ($145M).

The fastest growing import markets in Paintings for United Kingdom between 2021 and 2022 were United Kingdom ($135M), United States ($132M), and France ($79M).

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

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Paintings exports accounted up to £100M and imports accounted up to £81.1M, resulting in a positive trade balance of £19.2M. Between August 2023 and August 2024 the exports of United Kingdom's   Paintings have decreased by £-63M (-38.6%) from £163M to £100M, while imports increased by £19.4M (31.5%) from £61.7M to £81.1M.

Destinations In August 2024, Paintings were exported mostly to United States (£39.3M), Germany (£12.2M), South Korea (£7.58M), India (£6.84M), and France (£5.74M), and were imported mostly from United States (£47.1M), Switzerland (£6.93M), Luxembourg (£6.92M), France (£4.85M), and Belgium (£3.69M).

Growth In August 2024, the decrease in Paintings's year-by-year exports was explained primarily by a decrease in exports to South Korea (£-8.13M or -77.3%), Hong Kong (£-5.48M or -57.6%), and Switzerland (£-2.26M or -18%). In August 2024, the increase in Paintings's year-by-year imports was explained primarily by an increase in imports from Netherlands (£2.2M or 317%), Hong Kong (£2.09M or 661%), and Germany (£1.69M or 158%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-63M(-38.6%)
IMPORT GROWTH (August 2023 - August 2024)£19.4M(31.5%)
MAIN EXPORTER (August 2024)London£126M
MAIN DESTINATION (August 2024)United States£39.3M

This section shows Paintings'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 Paintings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.23B
IMPORTS (2022)$2.37B
NET TRADE (2022)$864M

In 2022, United Kingdom exported $3.23B in Paintings. The main destinations of United Kingdom exports on Paintings were United States ($1.33B), Switzerland ($271M), Hong Kong ($264M), France ($256M), and United Kingdom ($214M).

In 2022, United Kingdom imported $2.37B in Paintings, mainly from United States ($1.27B), United Kingdom ($214M), France ($195M), Switzerland ($162M), and Germany ($145M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paintings EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$202M (18%)
United Kingdom$135M (171%)
South Korea$94.1M (204%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paintings BY United Kingdom WERE (2021 - 2022):
Spain-$71.9M (-80.7%)
Italy-$51.8M (-53.4%)
Germany-$41.1M (-32.5%)
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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 Paintings were:
United States $5.88B
Switzerland $1.8B
In 2022, United Kingdom's main importing competitors in Paintings were:
United States $4.19B
Hong Kong $2.84B

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Trade Value of Paintings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $33.8M
TOP IMPORT POTENTIALChina+ $16.5M

Paintings’s highest export potential is Germany. With an export gap of $33.8M.   Paintings’s highest import potential is China with an import gap of $16.5M.

See methodology.

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