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2022
Exports $805MWorld Rnk 2 / 104
Flag Rnk 94 / 1216
2022
Destination $93.2M Sweden
2021 - 2022
FASTEST GROWING MARKET $93.2MSweden
2022
PRODUCT COMPLEXITY IN Stainless Steel Ingots1.08Rnk 143 / 1025
2022
Imports $47.5MWorld Rnk 15 / 180
Flag Rnk 758 / 1214
2022
Origin $3.6M Sweden
2021 - 2022
FASTEST GROWING ORIGIN $3.6MSpain
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $805M in Stainless Steel Ingots, making it the 2nd largest exporter of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 94th most exported product in United Kingdom. The main destination of Stainless Steel Ingots exports from United Kingdom are: Sweden ($513M), United States ($95.4M), Portugal ($66M), Spain ($48.1M), and China ($16.7M).

The fastest growing export markets for Stainless Steel Ingots of United Kingdom between 2021 and 2022 were Sweden ($93.2M), Portugal ($25.9M), and United States ($21.4M).

Imports In 2022, United Kingdom imported $47.5M in Stainless Steel Ingots, becoming the 15th largest importer of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 758th most imported product in United Kingdom. United Kingdom imports Stainless Steel Ingots primarily from: Sweden ($17.9M), United States ($13.1M), Spain ($7.07M), Italy ($2.35M), and China ($1.29M).

The fastest growing import markets in Stainless Steel Ingots for United Kingdom between 2021 and 2022 were Spain ($3.6M), Sweden ($3.19M), and United States ($3.01M).

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Stainless Steel Ingots exports accounted up to £43.1M and imports accounted up to £2.82M, resulting in a positive trade balance of £40.3M. Between August 2023 and August 2024 the exports of United Kingdom's   Stainless Steel Ingots have decreased by £-14M (-24.6%) from £57.1M to £43.1M, while imports increased by £119k (4.41%) from £2.7M to £2.82M.

Destinations In August 2024, Stainless Steel Ingots were exported mostly to Belgium (£20.4M), Sweden (£13.4M), United States (£4.07M), Portugal (£1.99M), and Italy (£820k), and were imported mostly from Italy (£1.45M), Sweden (£481k), Spain (£269k), China (£199k), and Malaysia (£159k).

Growth In August 2024, the decrease in Stainless Steel Ingots's year-by-year exports was explained primarily by a decrease in exports to Sweden (£-5.09M or -15.7%), South Korea (£-1.26M or -98%), and Spain (£-1.06M or -25.7%). In August 2024, the increase in Stainless Steel Ingots's year-by-year imports was explained primarily by an increase in imports from Sweden (£1.09M or 183%), Italy (£186k or 212%), and Spain (£156k or 31.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-14M(-24.6%)
IMPORT GROWTH (August 2023 - August 2024)£119k(4.41%)
MAIN EXPORTER (August 2024)Immingham£60.9M
MAIN DESTINATION (August 2024)Belgium£20.4M

This section shows Stainless Steel Ingots'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 Stainless Steel Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$805M
IMPORTS (2022)$47.5M
NET TRADE (2022)$757M

In 2022, United Kingdom exported $805M in Stainless Steel Ingots. The main destinations of United Kingdom exports on Stainless Steel Ingots were Sweden ($513M), United States ($95.4M), Portugal ($66M), Spain ($48.1M), and China ($16.7M).

In 2022, United Kingdom imported $47.5M in Stainless Steel Ingots, mainly from Sweden ($17.9M), United States ($13.1M), Spain ($7.07M), Italy ($2.35M), and China ($1.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Ingots EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Sweden$93.2M (22.2%)
Portugal$25.9M (64.4%)
United States$21.4M (28.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Ingots BY United Kingdom WERE (2021 - 2022):
Russia-$6.31M (-79.5%)
Spain-$3.8M (-7.31%)
Finland-$3.56M (-89%)
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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 Stainless Steel Ingots were:
Indonesia $4.21B
Sweden $298M
In 2022, United Kingdom's main importing competitors in Stainless Steel Ingots were:
China $3.12B
India $641M
Sweden $541M

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Trade Value of Stainless Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $19.8M
TOP IMPORT POTENTIALItaly+ $1.23M

Stainless Steel Ingots’s highest export potential is China. With an export gap of $19.8M.   Stainless Steel Ingots’s highest import potential is Italy with an import gap of $1.23M.

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