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2022
Exports $13.6MWorld Rnk 13 / 68
Flag Rnk 801 / 1216
2022
Destination $3.86M United States
2021 - 2022
FASTEST GROWING MARKET $3.86MUnited States
2022
PRODUCT COMPLEXITY IN Tantalum0.61Rnk 320 / 1025
2022
Imports $36.5MWorld Rnk 10 / 114
Flag Rnk 809 / 1214
2022
Origin $2.24M China
2021 - 2022
FASTEST GROWING ORIGIN $2.24MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $13.6M in Tantalum, making it the 13th largest exporter of Tantalum in the world. At the same year, Tantalum was the 801st most exported product in United Kingdom. The main destination of Tantalum exports from United Kingdom are: United States ($5.55M), Australia ($2.82M), France ($2.11M), Germany ($1.54M), and Belgium ($703k).

The fastest growing export markets for Tantalum of United Kingdom between 2021 and 2022 were United States ($3.86M), Germany ($416k), and Belgium ($320k).

Imports In 2022, United Kingdom imported $36.5M in Tantalum, becoming the 10th largest importer of Tantalum in the world. At the same year, Tantalum was the 809th most imported product in United Kingdom. United Kingdom imports Tantalum primarily from: China ($15.9M), United States ($6.01M), Germany ($3.08M), France ($2.68M), and Austria ($2.66M).

The fastest growing import markets in Tantalum for United Kingdom between 2021 and 2022 were United States ($2.24M), Austria ($1.79M), and Germany ($1.73M).

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Tantalum exports accounted up to £356k and imports accounted up to £3.2M, resulting in a negative trade balance of £2.84M. Between August 2023 and August 2024 the exports of United Kingdom's   Tantalum have decreased by £-1.28M (-78.3%) from £1.64M to £356k, while imports increased by £1.97M (161%) from £1.23M to £3.2M.

Destinations In August 2024, Tantalum were exported mostly to Germany (£150k), Ireland (£66.1k), China (£32.4k), France (£28.5k), and United States (£28k), and were imported mostly from China (£1.66M), Netherlands (£1.17M), Japan (£132k), United States (£112k), and Germany (£63.9k).

Growth In August 2024, the decrease in Tantalum's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-120k or -94.4%), France (£-96.5k or -60.9%), and Australia (£-13.7k or -2.25%). In August 2024, the increase in Tantalum's year-by-year imports was explained primarily by an increase in imports from China (£984k or 280%), United States (£183k or 113%), and France (£48.3k or 40.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-1.28M(-78.3%)
IMPORT GROWTH (August 2023 - August 2024)£1.97M(161%)
MAIN EXPORTER (August 2024)Southampton£2.31M
MAIN DESTINATION (August 2024)Germany£150k

This section shows Tantalum'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 Tantalum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.6M
IMPORTS (2022)$36.5M
NET TRADE (2022)-$22.8M

In 2022, United Kingdom exported $13.6M in Tantalum. The main destinations of United Kingdom exports on Tantalum were United States ($5.55M), Australia ($2.82M), France ($2.11M), Germany ($1.54M), and Belgium ($703k).

In 2022, United Kingdom imported $36.5M in Tantalum, mainly from China ($15.9M), United States ($6.01M), Germany ($3.08M), France ($2.68M), and Austria ($2.66M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tantalum EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$3.86M (228%)
Germany$416k (36.9%)
Belgium$320k (83.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tantalum BY United Kingdom WERE (2021 - 2022):
Australia-$3.76M (-57.1%)
Netherlands-$374k (-68.6%)
Hong Kong-$168k (-100%)
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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 Tantalum were:
United States $337M
China $311M
Germany $142M
In 2022, United Kingdom's main importing competitors in Tantalum were:
United States $365M
China $149M
Germany $105M

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Trade Value of Tantalum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.21M
TOP IMPORT POTENTIALGermany+ $1.2M

Tantalum’s highest export potential is United States. With an export gap of $1.21M.   Tantalum’s highest import potential is Germany with an import gap of $1.2M.

See methodology.

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