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2022
Exports $1.26BWorld Rnk 4 / 194
Flag Rnk 60 / 1216
2022
Destination $116M United States
2021 - 2022
FASTEST GROWING MARKET $116MUnited States
2022
PRODUCT COMPLEXITY IN Stone Processing Machines0.41Rnk 405 / 1025
2022
Imports $550MWorld Rnk 7 / 223
Flag Rnk 238 / 1214
2022
Origin $22.7M China
2021 - 2022
FASTEST GROWING ORIGIN $22.7MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $1.26B in Stone Processing Machines, making it the 4th largest exporter of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 60th most exported product in United Kingdom. The main destination of Stone Processing Machines exports from United Kingdom are: United States ($430M), Australia ($129M), Canada ($58.1M), Ireland ($35.4M), and France ($32.4M).

The fastest growing export markets for Stone Processing Machines of United Kingdom between 2021 and 2022 were United States ($116M), Canada ($13.2M), and Hong Kong ($11.6M).

Imports In 2022, United Kingdom imported $550M in Stone Processing Machines, becoming the 7th largest importer of Stone Processing Machines in the world. At the same year, Stone Processing Machines was the 238th most imported product in United Kingdom. United Kingdom imports Stone Processing Machines primarily from: China ($111M), Germany ($87.9M), Italy ($41.9M), Ireland ($40.2M), and United States ($36.1M).

The fastest growing import markets in Stone Processing Machines for United Kingdom between 2021 and 2022 were China ($22.7M), United States ($14.3M), and India ($11.8M).

COMPANIES In 2023, leading companies such as TE Connectivity (8), Amazon (3), and Hilti Power Tools (2) were at the forefront of shipping Stone Processing Machines from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Stone Processing Machines exports accounted up to £106M and imports accounted up to £38.2M, resulting in a positive trade balance of £67.5M. Between June 2023 and June 2024 the exports of United Kingdom's   Stone Processing Machines have decreased by £-14.9M (-12.4%) from £121M to £106M, while imports decreased by £-4.82M (-11.2%) from £43M to £38.2M.

Destinations In June 2024, Stone Processing Machines were exported mostly to United States (£42.4M), Poland (£5.14M), Australia (£5.1M), Mexico (£4.79M), and France (£4.6M), and were imported mostly from Germany (£5.78M), China (£4.81M), Italy (£3.34M), Finland (£3.23M), and Austria (£2.99M).

Growth In June 2024, the decrease in Stone Processing Machines's year-by-year exports was explained primarily by a decrease in exports to South Africa (£-2.3M or -63.5%), India (£-2.23M or -80.3%), and Russia (£-1.92M or -98.2%). In June 2024, the decrease in Stone Processing Machines's year-by-year imports was explained primarily by a decrease in imports from China (£-3.17M or -32.9%), Italy (£-1.24M or -51.2%), and Austria (£-1.21M or -87.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-14.9M(-12.4%)
IMPORT GROWTH (June 2023 - June 2024)£-4.82M(-11.2%)
MAIN EXPORTER (June 2024)Southampton£34.6M
MAIN DESTINATION (June 2024)United States£42.4M

This section shows Stone Processing Machines'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 Stone Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.26B
IMPORTS (2022)$550M
NET TRADE (2022)$714M

In 2022, United Kingdom exported $1.26B in Stone Processing Machines. The main destinations of United Kingdom exports on Stone Processing Machines were United States ($430M), Australia ($129M), Canada ($58.1M), Ireland ($35.4M), and France ($32.4M).

In 2022, United Kingdom imported $550M in Stone Processing Machines, mainly from China ($111M), Germany ($87.9M), Italy ($41.9M), Ireland ($40.2M), and United States ($36.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stone Processing Machines EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$116M (37.1%)
Canada$13.2M (29.3%)
Hong Kong$11.6M (1.16k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stone Processing Machines BY United Kingdom WERE (2021 - 2022):
Germany-$34M (-51.5%)
Russia-$33.8M (-68.9%)
France-$29M (-47.3%)
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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 Stone Processing Machines were:
China $5.39B
Germany $2.15B
Italy $1.58B
In 2022, United Kingdom's main importing competitors in Stone Processing Machines were:
United States $2.34B
Germany $840M
Canada $831M

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Trade Value of Stone Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $21.5M
TOP IMPORT POTENTIALChina+ $30.2M

Stone Processing Machines’s highest export potential is Germany. With an export gap of $21.5M.   Stone Processing Machines’s highest import potential is China with an import gap of $30.2M.

See methodology.

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