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2023
Exports $131MWorld Rnk 11 / 124
Flag Rnk 341 / 1216
2023
Destination $17.8M Ireland
2022 - 2023
FASTEST GROWING MARKET $17.8MFrance
2023
PRODUCT COMPLEXITY IN Petroleum Resins1.47Rnk 49 / 1025
2023
Imports $190MWorld Rnk 12 / 200
Flag Rnk 441 / 1214
2023
Origin $7.03M Germany
2022 - 2023
FASTEST GROWING ORIGIN $7.03MBelgium
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $131M in Petroleum Resins, making it the 11th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 341st most exported product in United Kingdom. The main destination of Petroleum Resins exports from United Kingdom are: Ireland ($33.5M), Japan ($24.6M), France ($22.6M), Germany ($14.2M), and United States ($5.44M).

The fastest growing export markets for Petroleum Resins of United Kingdom between 2022 and 2023 were France ($17.8M), Germany ($4.36M), and China ($886k).

Imports In 2023, United Kingdom imported $190M in Petroleum Resins, becoming the 12th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 441st most imported product in United Kingdom. United Kingdom imports Petroleum Resins primarily from: Germany ($41.9M), Japan ($26.8M), China ($24.9M), United States ($19.9M), and France ($15.9M).

The fastest growing import markets in Petroleum Resins for United Kingdom between 2022 and 2023 were Belgium ($7.03M), Sweden ($4.06M), and Finland ($1.1M).

COMPANIES In 2024, leading companies such as Givaudan Fragrances (1) and Dole Fresh Fruit (1) were at the forefront of shipping Petroleum Resins from United Kingdom to the United States.

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Petroleum Resins exports accounted up to £2.84M and imports accounted up to £13.2M, resulting in a negative trade balance of £10.4M. Between December 2023 and December 2024 the exports of United Kingdom's   Petroleum Resins have decreased by £-1.89M (-40%) from £4.74M to £2.84M, while imports increased by £3.46M (35.5%) from £9.75M to £13.2M.

Destinations In December 2024, Petroleum Resins were exported mostly to Germany (£829k), Norway (£372k), United States (£273k), Ireland (£202k), and Netherlands (£171k), and were imported mostly from Japan (£4.44M), United States (£2.13M), China (£1.27M), France (£1.06M), and Germany (£1.03M).

Growth In December 2024, the decrease in Petroleum Resins's year-by-year exports was explained primarily by a decrease in exports to Ireland (£-2.83M or -92.7%), Italy (£-415k or -72.9%), and United States (£-351k or -78.3%). In December 2024, the increase in Petroleum Resins's year-by-year imports was explained primarily by an increase in imports from Japan (£1.91M or 117%), Belgium (£425k or 40.3%), and India (£259k or 775%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£-1.89M(-40%)
IMPORT GROWTH (December 2023 - December 2024)£3.46M(35.5%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Germany£829k

This section shows Petroleum Resins'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 Petroleum Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$131M
IMPORTS (2023)$190M
NET TRADE (2023)-$59.5M

In 2023, United Kingdom exported $131M in Petroleum Resins. The main destinations of United Kingdom exports on Petroleum Resins were Ireland ($33.5M), Japan ($24.6M), France ($22.6M), Germany ($14.2M), and United States ($5.44M).

In 2023, United Kingdom imported $190M in Petroleum Resins, mainly from Germany ($41.9M), Japan ($26.8M), China ($24.9M), United States ($19.9M), and France ($15.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
France$17.8M (368%)
Germany$4.36M (44.4%)
China$886k (178%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY United Kingdom WERE (2022 - 2023):
United States-$81.8M (-93.8%)
Ireland-$9.93M (-22.9%)
Netherlands-$8.59M (-94.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Petroleum Resins were:
China $1.2B
United States $1.15B
Germany $1.08B
In 2023, United Kingdom's main importing competitors in Petroleum Resins were:
China $757M
Germany $578M
United States $568M

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.47M
TOP IMPORT POTENTIALChina+ $8.72M

Petroleum Resins’s highest export potential is United States. With an export gap of $5.47M.   Petroleum Resins’s highest import potential is China with an import gap of $8.72M.

See methodology.

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