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2022
Exports $27MWorld Rnk 18 / 126
Flag Rnk 683 / 1216
2022
Destination $2.14M Germany
2021 - 2022
FASTEST GROWING MARKET $2.14MGermany
2022
PRODUCT COMPLEXITY IN Stainless Steel Wire1.38Rnk 74 / 1025
2022
Imports $69.2MWorld Rnk 12 / 202
Flag Rnk 677 / 1214
2022
Origin $2.86M India
2021 - 2022
FASTEST GROWING ORIGIN $2.86MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $27M in Stainless Steel Wire, making it the 18th largest exporter of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 683rd most exported product in United Kingdom. The main destination of Stainless Steel Wire exports from United Kingdom are: Germany ($5.03M), Ireland ($2.12M), United States ($1.79M), France ($1.64M), and United Arab Emirates ($1.39M).

The fastest growing export markets for Stainless Steel Wire of United Kingdom between 2021 and 2022 were Germany ($2.14M), United Arab Emirates ($1.01M), and United States ($639k).

Imports In 2022, United Kingdom imported $69.2M in Stainless Steel Wire, becoming the 12th largest importer of Stainless Steel Wire in the world. At the same year, Stainless Steel Wire was the 677th most imported product in United Kingdom. United Kingdom imports Stainless Steel Wire primarily from: India ($14.6M), China ($12.4M), Italy ($6.28M), Czechia ($5.59M), and Switzerland ($5.33M).

The fastest growing import markets in Stainless Steel Wire for United Kingdom between 2021 and 2022 were China ($2.86M), India ($1.13M), and Czechia ($1.09M).

COMPANIES In 2023, leading companies such as Amazon (2) were at the forefront of shipping Stainless Steel Wire from United Kingdom to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Stainless Steel Wire exports accounted up to £1.2M and imports accounted up to £4.2M, resulting in a negative trade balance of £2.99M. Between October 2023 and October 2024 the exports of United Kingdom's   Stainless Steel Wire have decreased by £-298k (-19.8%) from £1.5M to £1.2M, while imports decreased by £-98.9k (-2.3%) from £4.3M to £4.2M.

Destinations In October 2024, Stainless Steel Wire were exported mostly to Germany (£256k), Ireland (£103k), Italy (£88.5k), Mexico (£87.6k), and Denmark (£66.9k), and were imported mostly from India (£1.25M), Germany (£562k), Czechia (£420k), Chinese Taipei (£413k), and Switzerland (£322k).

Growth In October 2024, the decrease in Stainless Steel Wire's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-89k or -77.4%), China (£-49.2k or -91.1%), and Denmark (£-32.3k or -44.6%). In October 2024, the decrease in Stainless Steel Wire's year-by-year imports was explained primarily by a decrease in imports from China (£-626k or -58.9%), Germany (£-323k or -28.7%), and India (£-278k or -19.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£-298k(-19.8%)
IMPORT GROWTH (October 2023 - October 2024)£-98.9k(-2.3%)
MAIN EXPORTER (October 2024)Dover Eurotunnel£833k
MAIN DESTINATION (October 2024)Germany£256k

This section shows Stainless Steel Wire'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 Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$27M
IMPORTS (2022)$69.2M
NET TRADE (2022)-$42.2M

In 2022, United Kingdom exported $27M in Stainless Steel Wire. The main destinations of United Kingdom exports on Stainless Steel Wire were Germany ($5.03M), Ireland ($2.12M), United States ($1.79M), France ($1.64M), and United Arab Emirates ($1.39M).

In 2022, United Kingdom imported $69.2M in Stainless Steel Wire, mainly from India ($14.6M), China ($12.4M), Italy ($6.28M), Czechia ($5.59M), and Switzerland ($5.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Wire EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Germany$2.14M (73.7%)
United Arab Emirates$1.01M (264%)
United States$639k (55.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Wire BY United Kingdom WERE (2021 - 2022):
Sweden-$501k (-72.8%)
Egypt-$444k (-71.4%)
Spain-$406k (-66.5%)
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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 Wire were:
India $526M
China $429M
South Korea $291M
In 2022, United Kingdom's main importing competitors in Stainless Steel Wire were:
Germany $435M
United States $345M
Italy $226M

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Trade Value of Stainless Steel Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.16M
TOP IMPORT POTENTIALIndia+ $3.47M

Stainless Steel Wire’s highest export potential is Germany. With an export gap of $2.16M.   Stainless Steel Wire’s highest import potential is India with an import gap of $3.47M.

See methodology.

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