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2022
Exports $4.4MWorld Rnk 22 / 105
Flag Rnk 974 / 1216
2022
Destination $1.96M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $1.96MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Peat-0.028Rnk 554 / 1025
2022
Imports $46.5MWorld Rnk 10 / 195
Flag Rnk 765 / 1214
2022
Origin $5.03M Ireland
2021 - 2022
FASTEST GROWING ORIGIN $5.03MNetherlands
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $4.4M in Peat, making it the 22nd largest exporter of Peat in the world. At the same year, Peat was the 974th most exported product in United Kingdom. The main destination of Peat exports from United Kingdom are: United Kingdom ($1.96M), Ireland ($631k), Japan ($285k), Ecuador ($191k), and Israel ($186k).

The fastest growing export markets for Peat of United Kingdom between 2021 and 2022 were United Kingdom ($1.96M), Israel ($126k), and United Arab Emirates ($97.8k).

Imports In 2022, United Kingdom imported $46.5M in Peat, becoming the 10th largest importer of Peat in the world. At the same year, Peat was the 765th most imported product in United Kingdom. United Kingdom imports Peat primarily from: Ireland ($23.9M), Netherlands ($13.7M), United Kingdom ($1.96M), Estonia ($1.63M), and Latvia ($1.49M).

The fastest growing import markets in Peat for United Kingdom between 2021 and 2022 were Netherlands ($5.03M), United Kingdom ($1.96M), and Norway ($255k).

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

Latest Trends

July 2024

About

Overview In July 2024 United Kingdom's Peat exports accounted up to £615k and imports accounted up to £2.62M, resulting in a negative trade balance of £2M. Between July 2023 and July 2024 the exports of United Kingdom's   Peat have increased by £375k (156%) from £240k to £615k, while imports decreased by £-16.3k (-0.62%) from £2.63M to £2.62M.

Destinations In July 2024, Peat were exported mostly to Ireland (£478k), Oman (£76.7k), Spain (£13.6k), Netherlands (£10.5k), and Thailand (£8.24k), and were imported mostly from Ireland (£1.46M), Netherlands (£830k), Belgium (£150k), Estonia (£42.7k), and China (£33.2k).

Growth In July 2024, the increase in Peat's year-by-year exports was explained primarily by an increase in exports to Poland (£46.9k or 225%), Germany (£21.1k or 138%), and Japan (£6.99k or 45.7%). In July 2024, the decrease in Peat's year-by-year imports was explained primarily by a decrease in imports from Ireland (£-791k or -49.3%), Estonia (£-350k or -94%), and Latvia (£-311k or -91.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)£375k(156%)
IMPORT GROWTH (July 2023 - July 2024)£-16.3k(-0.62%)
MAIN EXPORTER (July 2024)Belfast£110k
MAIN DESTINATION (July 2024)Ireland£478k

This section shows Peat'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 Peat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.4M
IMPORTS (2022)$46.5M
NET TRADE (2022)-$42.1M

In 2022, United Kingdom exported $4.4M in Peat. The main destinations of United Kingdom exports on Peat were United Kingdom ($1.96M), Ireland ($631k), Japan ($285k), Ecuador ($191k), and Israel ($186k).

In 2022, United Kingdom imported $46.5M in Peat, mainly from Ireland ($23.9M), Netherlands ($13.7M), United Kingdom ($1.96M), Estonia ($1.63M), and Latvia ($1.49M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Peat EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$1.96M (1%)
Israel$126k (210%)
United Arab Emirates$97.8k (534%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Peat BY United Kingdom WERE (2021 - 2022):
Ireland-$8.11M (-92.8%)
Germany-$472k (-91.1%)
Japan-$193k (-40.4%)
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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 Peat were:
Canada $527M
Latvia $324M
Netherlands $190M
In 2022, United Kingdom's main importing competitors in Peat were:
United States $533M
Netherlands $143M
China $113M

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Trade Value of Peat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $180k
TOP IMPORT POTENTIALGermany+ $1.14M

Peat’s highest export potential is United States. With an export gap of $180k.   Peat’s highest import potential is Germany with an import gap of $1.14M.

See methodology.

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