HS Icon Stainless Steel Ingots in  Flag United Kingdom

2019
Exports | Imports
: $460M | $57M, World Rnk 1 / 96
Flag Rnk 163 / 1214 | World Rnk 10 / 185
Flag Rnk 708 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $2.33M | $5.8M, Romania |  Sweden

2019
ECONOMIC COMPLEXITY of United Kingdom
: 1.49, Rnk 14 / 147

2019
PRODUCT COMPLEXITY  IN Stainless Steel Ingots
: 0.69, Rnk 292 / 1029

Exports: In 2019, United Kingdom exported $460M in Stainless Steel Ingots, making it the 1st largest exporter of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 163rd most exported product in United Kingdom. The main destination of Stainless Steel Ingots exports from United Kingdom are: Sweden ($267M), United States ($67.4M), Spain ($39.1M), Portugal ($32M), and Germany ($8.7M).

The fastest growing export markets for Stainless Steel Ingots of United Kingdom between 2018 and 2019 were Romania ($2.33M), Austria ($1.22M), and Malaysia ($805k).

Imports: In 2019, United Kingdom imported $57M in Stainless Steel Ingots, becoming the 10th largest importer of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 708th most imported product in United Kingdom. United Kingdom imports Stainless Steel Ingots primarily from: United States ($24.7M), Sweden ($13M), Spain ($5.97M), Germany ($3.12M), and Chinese Taipei ($2.82M).

The fastest growing import markets in Stainless Steel Ingots for United Kingdom between 2018 and 2019 were Sweden ($5.8M), United States ($4.87M), and Spain ($2.73M).

Latest Trends (April 2021)

#permalink to section

Overview: In April 2021 United Kingdom's Stainless Steel Ingots exports accounted up to £33.5M and imports accounted up to £1.85M, resulting in a positive trade balance of £31.6M. Between April 2020 and April 2021 the exports of United Kingdom's   Stainless Steel Ingots have increased by £21M (168%) from £12.5M to £33.5M, while imports decreased by £-174k (-8.63%) from £2.02M to £1.85M.

Destinations: In April 2021, Stainless Steel Ingots were exported mostly to Sweden (£19.3M), Spain (£3.91M), United States (£3.06M), Portugal (£2.9M), and South Korea (£1.21M), and were imported mostly from Sweden (£949k), United States (£294k), Taiwan (£210k), Italy (£204k), and India (£57.5k).

Growth: In April 2021, the increase in Stainless Steel Ingots's year-by-year exports was explained primarily by an increase in exports to Sweden (£13.2M or 217%), Spain (£3.38M or 634%), and Portugal (£1.42M or 95.4%). In April 2021, the decrease in Stainless Steel Ingots's year-by-year imports was explained primarily by a decrease in imports from United States (£-556k or -65.4%), Spain (£-69.7k or -75.3%), and China (£-1.26k or -2.57%).

Subnational Monthly Trade

#permalink to section
Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): £21M, (168%)

IMPORT GROWTH (April 2020 - April 2021): £-174k, (-8.63%)

MAIN EXPORTER (April 2021): Immingham, £14.8M

MAIN DESTINATION (April 2021): Sweden, £19.3M

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

#permalink to section
Value

EXPORTS (2019): $460M

IMPORTS (2019): $57M

NET TRADE (2019): $403M

In 2019, United Kingdom exported $460M in Stainless Steel Ingots. The main destinations of United Kingdom exports on Stainless Steel Ingots were Sweden ($267M), United States ($67.4M), Spain ($39.1M), Portugal ($32M), and Germany ($8.7M).

In 2019, United Kingdom imported $57M in Stainless Steel Ingots, mainly from United States ($24.7M), Sweden ($13M), Spain ($5.97M), Germany ($3.12M), and Chinese Taipei ($2.82M).

Explore Visualizations

IN 2019, United Kingdom HAD A POSITIVE NET TRADE IN Stainless Steel Ingots WITH:

IN 2019, United Kingdom HAD A NEGATIVE NET TRADE IN Stainless Steel Ingots WITH:

Flow

THE FASTEST GROWING Stainless Steel Ingots EXPORT MARKETS FOR United Kingdom WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Ingots BY United Kingdom WERE (2018 - 2019):

Explore Visualizations

Market Concentration

#permalink to section
Flow
Type

In 2018, United Kingdom's main exporting competitors in Stainless Steel Ingots were:

In 2018, United Kingdom's main importing competitors in Stainless Steel Ingots were:

Explore Visualizations