Overview In June 2021 United Kingdom's Stainless Steel Ingots exports accounted up to £40M and imports accounted up to £1.25M, resulting in a positive trade balance of £38.8M. Between June 2020 and June 2021 the exports of United Kingdom's Stainless Steel Ingots have increased by £27.5M (221%) from £12.5M to £40M, while imports decreased by £-594k (-32.3%) from £1.84M to £1.25M.
Destinations In June 2021, Stainless Steel Ingots were exported mostly to Sweden (£25.4M), United States (£5.63M), Spain (£4.13M), Portugal (£2.07M), and Germany (£1.11M), and were imported mostly from Sweden (£659k), Taiwan (£264k), China (£127k), United States (£80.1k), and Turkey (£34.2k).
Growth In June 2021, the increase in Stainless Steel Ingots's year-by-year exports was explained primarily by an increase in exports to Sweden (£20.9M or 455%), United States (£3.27M or 139%), and Spain (£3.07M or 290%). In June 2021, the decrease in Stainless Steel Ingots's year-by-year imports was explained primarily by a decrease in imports from United States (£-439k or -84.6%), Sweden (£-121k or -15.5%), and Spain (£-116k or -99%).