Precious Metal Scraps in United Kingdom 2021 Exports | Imports : $1.57B | $3.6B, World Rnk 3 / 176 Rnk 45 / 1216 | World Rnk 2 / 127 Rnk 25 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $91.8M | $771M, Germany | United States
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
2021 PRODUCT COMPLEXITY IN Precious Metal Scraps: -0.72, Rnk 752 / 1029
Exports In 2021, United Kingdom exported $1.57B in Precious Metal Scraps, making it the 3rd largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 45th most exported product in United Kingdom. The main destination of Precious Metal Scraps exports from United Kingdom are: United States ($455M), Spain ($263M), Italy ($250M), Belgium ($233M), and Germany ($196M).
The fastest growing export markets for Precious Metal Scraps of United Kingdom between 2020 and 2021 were Germany ($91.8M), Belgium ($62.5M), and Netherlands ($52M).
Imports In 2021, United Kingdom imported $3.6B in Precious Metal Scraps, becoming the 2nd largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 25th most imported product in United Kingdom. United Kingdom imports Precious Metal Scraps primarily from: United States ($1.99B), Germany ($366M), Singapore ($180M), Italy ($147M), and Switzerland ($101M).
The fastest growing import markets in Precious Metal Scraps for United Kingdom between 2020 and 2021 were United States ($771M), Germany ($217M), and Switzerland ($52.8M).
January 2023
Overview In January 2023 United Kingdom's Precious Metal Scraps exports accounted up to £171M and imports accounted up to £170M, resulting in a positive trade balance of £1.33M. Between January 2022 and January 2023 the exports of United Kingdom's Precious Metal Scraps have increased by £103M (152%) from £68.1M to £171M, while imports decreased by £-48.4M (-22.2%) from £219M to £170M.
Destinations In January 2023, Precious Metal Scraps were exported mostly to Belgium (£46.9M), Spain (£44.4M), Italy (£25.5M), United States (£21.5M), and Germany (£17.9M), and were imported mostly from United States (£66.5M), Germany (£49.1M), Singapore (£12.2M), Australia (£5.31M), and Jordan (£3.89M).
Growth In January 2023, the increase in Precious Metal Scraps's year-by-year exports was explained primarily by an increase in exports to Spain (£14.7M or 119%), Switzerland (£4.37M or 132%), and Netherlands (£835k or 203%). In January 2023, the decrease in Precious Metal Scraps's year-by-year imports was explained primarily by a decrease in imports from United States (£-118M or -61.7%), South Korea (£-12.1M or -78.3%), and Ireland (£-7.14M or -91.7%).
EXPORT GROWTH (January 2022 - January 2023): £103M, (152%)
IMPORT GROWTH (January 2022 - January 2023): £-48.4M, (-22.2%)
MAIN EXPORTER (January 2023): London Heathrow Airport, £69.8M
MAIN DESTINATION (January 2023): Belgium, £46.9M
This section shows Precious Metal Scraps'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 Precious Metal Scraps over time.
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EXPORTS (2021): $1.57B
IMPORTS (2021): $3.6B
NET TRADE (2021): -$2.03B
In 2021, United Kingdom exported $1.57B in Precious Metal Scraps. The main destinations of United Kingdom exports on Precious Metal Scraps were United States ($455M), Spain ($263M), Italy ($250M), Belgium ($233M), and Germany ($196M).
In 2021, United Kingdom imported $3.6B in Precious Metal Scraps, mainly from United States ($1.99B), Germany ($366M), Singapore ($180M), Italy ($147M), and Switzerland ($101M).
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Precious Metal Scraps were:
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