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2023
Exports $256MWorld Rnk 3 / 174
Flag Rnk 222 / 1216
2023
Destination $5.16M United States
2022 - 2023
FASTEST GROWING MARKET $5.16MChina
2023
PRODUCT COMPLEXITY IN Tensile Testing Machines1.43Rnk 56 / 1025
2023
Imports $88.3MWorld Rnk 6 / 208
Flag Rnk 617 / 1214
2023
Origin $8.97M United States
2022 - 2023
FASTEST GROWING ORIGIN $8.97MUnited States
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $256M in Tensile Testing Machines, making it the 3rd largest exporter of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 222nd most exported product in United Kingdom. The main destination of Tensile Testing Machines exports from United Kingdom are: United States ($51.5M), China ($40.8M), France ($15.8M), Germany ($12.8M), and South Korea ($11.3M).

The fastest growing export markets for Tensile Testing Machines of United Kingdom between 2022 and 2023 were China ($5.16M), France ($5.04M), and United States ($4.33M).

Imports In 2023, United Kingdom imported $88.3M in Tensile Testing Machines, becoming the 6th largest importer of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 617th most imported product in United Kingdom. United Kingdom imports Tensile Testing Machines primarily from: United States ($37.3M), Germany ($12.1M), China ($6.21M), Switzerland ($5.39M), and Italy ($5.19M).

The fastest growing import markets in Tensile Testing Machines for United Kingdom between 2022 and 2023 were United States ($8.97M), Switzerland ($2.86M), and Austria ($1.46M).

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Tensile Testing Machines exports accounted up to £20.2M and imports accounted up to £7.97M, resulting in a positive trade balance of £12.3M. Between November 2023 and November 2024 the exports of United Kingdom's   Tensile Testing Machines have increased by £603k (3.07%) from £19.6M to £20.2M, while imports decreased by £-7.67M (-49%) from £15.6M to £7.97M.

Destinations In November 2024, Tensile Testing Machines were exported mostly to United States (£6.48M), France (£1.35M), China (£1.17M), Germany (£1.03M), and Italy (£693k), and were imported mostly from Germany (£2.97M), United States (£2.29M), Italy (£238k), India (£212k), and Canada (£202k).

Growth In November 2024, the increase in Tensile Testing Machines's year-by-year exports was explained primarily by an increase in exports to France (£731k or 191%), South Korea (£595k or 470%), and Canada (£583k or 276%). In November 2024, the decrease in Tensile Testing Machines's year-by-year imports was explained primarily by a decrease in imports from Germany (£-455k or -51.6%), Canada (£-176k or -89.1%), and Turkey (£-72.8k or -98.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£603k(3.07%)
IMPORT GROWTH (November 2023 - November 2024)£-7.67M(-49%)
MAIN EXPORTER (November 2024)London Heathrow Airport£6.2M
MAIN DESTINATION (November 2024)United States£6.48M

This section shows Tensile Testing 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 Tensile Testing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$256M
IMPORTS (2023)$88.3M
NET TRADE (2023)$167M

In 2023, United Kingdom exported $256M in Tensile Testing Machines. The main destinations of United Kingdom exports on Tensile Testing Machines were United States ($51.5M), China ($40.8M), France ($15.8M), Germany ($12.8M), and South Korea ($11.3M).

In 2023, United Kingdom imported $88.3M in Tensile Testing Machines, mainly from United States ($37.3M), Germany ($12.1M), China ($6.21M), Switzerland ($5.39M), and Italy ($5.19M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tensile Testing Machines EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
China$5.16M (14.5%)
France$5.04M (46.6%)
United States$4.33M (9.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tensile Testing Machines BY United Kingdom WERE (2022 - 2023):
Mexico-$1.28M (-48.1%)
Qatar-$973k (-81.3%)
Denmark-$774k (-31.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Tensile Testing Machines were:
United States $640M
Germany $435M
In 2023, United Kingdom's main importing competitors in Tensile Testing Machines were:
China $411M
United States $251M
Germany $128M

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Trade Value of Tensile Testing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $3.76M
TOP IMPORT POTENTIALGermany+ $3.02M

Tensile Testing Machines’s highest export potential is China. With an export gap of $3.76M.   Tensile Testing Machines’s highest import potential is Germany with an import gap of $3.02M.

See methodology.

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