Precious stones, metals, & pearls in United Kingdom 2018 Exports | Imports : $34.4B | $104B, World Rnk 5 / 219 Rnk 3 / 96 | World Rnk 1 / 222 Rnk 1 / 96
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.18B | $13.4B, Germany | Russia
2020 ECONOMIC COMPLEXITY of United Kingdom: 1.42, Rnk 13 / 127
2020 PRODUCT COMPLEXITY IN Precious stones, metals, & pearls: 0.58, Rnk 330 / 1029
Exports In 2018, United Kingdom exported $34.4B in Precious stones, metals, & pearls, making it the 5th largest exporter of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 3rd most exported product in United Kingdom. The main destination of Precious stones, metals, & pearls exports from United Kingdom are: Switzerland ($8.28B), United States ($3.81B), Germany ($3.75B), Hong Kong ($2.96B), and Canada ($2.15B).
The fastest growing export markets for Precious stones, metals, & pearls of United Kingdom between 2019 and 2020 were Germany ($2.18B), Canada ($2B), and Belarus ($1.11B).
Imports In 2020, United Kingdom imported $104B in Precious stones, metals, & pearls, becoming the 1st largest importer of Precious stones, metals, & pearls in the world. At the same year, Precious stones, metals, & pearls was the 1st most imported product in United Kingdom. United Kingdom imports Precious stones, metals, & pearls primarily from: Russia ($21B), Hong Kong ($12.6B), Canada ($9.63B), United States ($9.4B), and Australia ($8.28B).
The fastest growing import markets in Precious stones, metals, & pearls for United Kingdom between 2019 and 2020 were Russia ($13.4B), Hong Kong ($8.14B), and Uzbekistan ($3.66B).
November 2022
Overview In November 2022 United Kingdom's Precious stones, metals, & pearls exports accounted up to £2.72M and imports accounted up to £4.45M, resulting in a negative trade balance of £1.73M. Between December 2020 and November 2022 the exports of United Kingdom's Precious stones, metals, & pearls have decreased by £-2.58B (-99.9%) from £2.59B to £2.72M, while imports decreased by £-6.09B (-99.9%) from £6.1B to £4.45M.
Destinations In November 2022, Precious stones, metals, & pearls were exported mostly to Switzerland (£3.28B), China (£2.74B), Hong Kong (£1.3B), United Arab Emirates (£337M), and Germany (£284M), and were imported mostly from Canada (£920M), United States (£692M), Uzbekistan (£523M), Germany (£321M), and Switzerland (£211M).
Growth In November 2022, the decrease in Precious stones, metals, & pearls's year-by-year exports was explained primarily by a decrease in exports to China (£-382M or -82.9%), Turkey (£-245M or -100%), and France (£-19.3M or -61.8%). In November 2022, the decrease in Precious stones, metals, & pearls's year-by-year imports was explained primarily by a decrease in imports from Uzbekistan (£-346M or -90.7%), Japan (£-248M or -75%), and South Africa (£-80.4M or -15.5%).
EXPORT GROWTH (December 2020 - November 2022): £-2.58B, (-99.9%)
IMPORT GROWTH (December 2020 - November 2022): £-6.09B, (-99.9%)
MAIN EXPORTER (November 2022): London Heathrow Airport, £8.55B
MAIN DESTINATION (November 2022): Switzerland, £3.28B
This section shows Precious stones, metals, & pearls'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 stones, metals, & pearls over time.
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EXPORTS (2020): $34.4B
IMPORTS (2020): $104B
NET TRADE (2020): -$69.9B
In 2020, United Kingdom exported $34.4B in Precious stones, metals, & pearls. The main destinations of United Kingdom exports on Precious stones, metals, & pearls were Switzerland ($8.28B), United States ($3.81B), Germany ($3.75B), Hong Kong ($2.96B), and Canada ($2.15B).
In 2020, United Kingdom imported $104B in Precious stones, metals, & pearls, mainly from Russia ($21B), Hong Kong ($12.6B), Canada ($9.63B), United States ($9.4B), and Australia ($8.28B).
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR United Kingdom WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY United Kingdom WERE (2019 - 2020):
In 2020, United Kingdom's main exporting competitors in Precious stones, metals, & pearls were:
In 2020, United Kingdom's main importing competitors in Precious stones, metals, & pearls were:
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