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2022
Exports $1.18BWorld Rnk 7 / 214
Flag Rnk 67 / 1216
2022
Destination $19.3M Germany
2021 - 2022
FASTEST GROWING MARKET $19.3MBrazil
2022
PRODUCT COMPLEXITY IN Thermostats1.04Rnk 157 / 1025
2022
Imports $1.02BWorld Rnk 9 / 223
Flag Rnk 126 / 1214
2022
Origin $45.4M Germany
2021 - 2022
FASTEST GROWING ORIGIN $45.4MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $1.18B in Thermostats, making it the 7th largest exporter of Thermostats in the world. At the same year, Thermostats was the 67th most exported product in United Kingdom. The main destination of Thermostats exports from United Kingdom are: Germany ($260M), United States ($175M), France ($97.6M), United Kingdom ($97M), and Italy ($46.7M).

The fastest growing export markets for Thermostats of United Kingdom between 2021 and 2022 were Brazil ($19.3M), Slovakia ($18.9M), and Italy ($9.77M).

Imports In 2022, United Kingdom imported $1.02B in Thermostats, becoming the 9th largest importer of Thermostats in the world. At the same year, Thermostats was the 126th most imported product in United Kingdom. United Kingdom imports Thermostats primarily from: Germany ($205M), China ($156M), United States ($128M), United Kingdom ($97M), and Japan ($80.6M).

The fastest growing import markets in Thermostats for United Kingdom between 2021 and 2022 were China ($45.4M), United States ($24.7M), and South Africa ($7.72M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Thermostats from United Kingdom to the United States.

Latest Trends

April 2024

About

Overview In April 2024 United Kingdom's Thermostats exports accounted up to £63.7M and imports accounted up to £67.7M, resulting in a negative trade balance of £4M. Between April 2023 and April 2024 the exports of United Kingdom's   Thermostats have decreased by £-18.2M (-22.3%) from £81.9M to £63.7M, while imports increased by £635k (0.95%) from £67M to £67.7M.

Destinations In April 2024, Thermostats were exported mostly to United States (£17M), Germany (£12.8M), France (£3.36M), Netherlands (£2.28M), and China (£2.23M), and were imported mostly from United States (£12.6M), Germany (£10.2M), China (£7.92M), France (£6.46M), and Belgium (£3.45M).

Growth In April 2024, the decrease in Thermostats's year-by-year exports was explained primarily by a decrease in exports to Angola (£-1.31M or -93.7%), South Korea (£-1.2M or -42.5%), and Norway (£-845k or -81.9%). In April 2024, the increase in Thermostats's year-by-year imports was explained primarily by an increase in imports from China (£5.14M or 80.3%), United States (£2.45M or 28.1%), and Canada (£1.47M or 198%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2023 - April 2024)£-18.2M(-22.3%)
IMPORT GROWTH (April 2023 - April 2024)£635k(0.95%)
MAIN EXPORTER (April 2024)London Heathrow Airport£25.9M
MAIN DESTINATION (April 2024)United States£17M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.18B
IMPORTS (2022)$1.02B
NET TRADE (2022)$159M

In 2022, United Kingdom exported $1.18B in Thermostats. The main destinations of United Kingdom exports on Thermostats were Germany ($260M), United States ($175M), France ($97.6M), United Kingdom ($97M), and Italy ($46.7M).

In 2022, United Kingdom imported $1.02B in Thermostats, mainly from Germany ($205M), China ($156M), United States ($128M), United Kingdom ($97M), and Japan ($80.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Brazil$19.3M (200%)
Slovakia$18.9M (213%)
Italy$9.77M (26.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY United Kingdom WERE (2021 - 2022):
Russia-$65.3M (-98%)
Spain-$52.5M (-55%)
France-$29.5M (-23.2%)
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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 Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, United Kingdom's main importing competitors in Thermostats were:
United States $6.78B
China $3.47B
Germany $3B

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $52.1M
TOP IMPORT POTENTIALChina+ $44M

Thermostats’s highest export potential is United States. With an export gap of $52.1M.   Thermostats’s highest import potential is China with an import gap of $44M.

See methodology.

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