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%).