Precious stones, metals, & pearls in United Kingdom 2021 Exports | Imports : $50.6B | $82.2B, World Rnk 5 / 225 Rnk 2 / 96 | World Rnk 4 / 225 Rnk 1 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $12.7B | $3.34B, Switzerland | Kazakhstan
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
2021 PRODUCT COMPLEXITY IN Precious stones, metals, & pearls: 0.57, Rnk 334 / 1029
Exports In 2021, United Kingdom exported $50.6B 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 2nd most exported product in United Kingdom. The main destination of Precious stones, metals, & pearls exports from United Kingdom are: Switzerland ($20.7B), Germany ($4.75B), Hong Kong ($3.44B), United Arab Emirates ($2.9B), and United States ($2.8B).
The fastest growing export markets for Precious stones, metals, & pearls of United Kingdom between 2020 and 2021 were Switzerland ($12.7B), Spain ($1.46B), and Singapore ($1.35B).
Imports In 2021, United Kingdom imported $82.2B in Precious stones, metals, & pearls, becoming the 4th 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 ($19B), United States ($12.2B), Canada ($7.63B), South Africa ($6.86B), and Switzerland ($5.64B).
The fastest growing import markets in Precious stones, metals, & pearls for United Kingdom between 2020 and 2021 were Kazakhstan ($3.34B), United States ($2.79B), and South Africa ($1.6B).
March 2023
Overview In March 2023 United Kingdom's Precious stones, metals, & pearls exports accounted up to £5.75B and imports accounted up to £3.83B, resulting in a positive trade balance of £1.93B. Between March 2022 and March 2023 the exports of United Kingdom's Precious stones, metals, & pearls have increased by £2.15B (59.8%) from £3.6B to £5.75B, while imports decreased by £-1.17B (-23.4%) from £5B to £3.83B.
Destinations In March 2023, Precious stones, metals, & pearls were exported mostly to Switzerland (£3.77B), China (£1.03B), Germany (£158M), United States (£126M), and North Macedonia (£89.5M), and were imported mostly from Kazakhstan (£1.02B), Canada (£791M), United States (£409M), South Africa (£224M), and Germany (£194M).
Growth In March 2023, the increase in Precious stones, metals, & pearls's year-by-year exports was explained primarily by an increase in exports to Switzerland (£1.15B or 112%), Singapore (£219M or 12.4k%), and India (£217M or 782%). In March 2023, the decrease in Precious stones, metals, & pearls's year-by-year imports was explained primarily by a decrease in imports from Australia (£-435M or -100%), Canada (£-428M or -40.8%), and China (£-255M or -96%).
EXPORT GROWTH (March 2022 - March 2023): £2.15B, (59.8%)
IMPORT GROWTH (March 2022 - March 2023): £-1.17B, (-23.4%)
MAIN EXPORTER (March 2023): London Heathrow Airport, £5.34B
MAIN DESTINATION (March 2023): Switzerland, £3.77B
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 (2021): $50.6B
IMPORTS (2021): $82.2B
NET TRADE (2021): -$31.6B
In 2021, United Kingdom exported $50.6B in Precious stones, metals, & pearls. The main destinations of United Kingdom exports on Precious stones, metals, & pearls were Switzerland ($20.7B), Germany ($4.75B), Hong Kong ($3.44B), United Arab Emirates ($2.9B), and United States ($2.8B).
In 2021, United Kingdom imported $82.2B in Precious stones, metals, & pearls, mainly from Russia ($19B), United States ($12.2B), Canada ($7.63B), South Africa ($6.86B), and Switzerland ($5.64B).
THE FASTEST GROWING Precious stones, metals, & pearls EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious stones, metals, & pearls BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Precious stones, metals, & pearls were:
In 2021, United Kingdom's main importing competitors in Precious stones, metals, & pearls were:
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