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2022
Exports $3.28MWorld Rnk 16 / 140
Flag Rnk 1009 / 1216
2022
Destination $323k France
2021 - 2022
FASTEST GROWING MARKET $323kOman
2022
Imports $17.2MWorld Rnk 4 / 211
Flag Rnk 937 / 1214
2022
Origin $2.98M United States
2021 - 2022
FASTEST GROWING ORIGIN $2.98MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $3.28M in Time Recording Instruments, making it the 16th largest exporter of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 1009th most exported product in United Kingdom. The main destination of Time Recording Instruments exports from United Kingdom are: France ($444k), Germany ($439k), Oman ($330k), United States ($238k), and Ireland ($215k).

The fastest growing export markets for Time Recording Instruments of United Kingdom between 2021 and 2022 were Oman ($323k), Germany ($229k), and Macau ($121k).

Imports In 2022, United Kingdom imported $17.2M in Time Recording Instruments, becoming the 4th largest importer of Time Recording Instruments in the world. At the same year, Time Recording Instruments was the 937th most imported product in United Kingdom. United Kingdom imports Time Recording Instruments primarily from: United States ($5.72M), China ($4.33M), France ($3.73M), Netherlands ($1.31M), and Germany ($340k).

The fastest growing import markets in Time Recording Instruments for United Kingdom between 2021 and 2022 were United States ($2.98M), France ($716k), and Netherlands ($550k).

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

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Time Recording Instruments exports accounted up to £148k and imports accounted up to £1.23M, resulting in a negative trade balance of £1.08M. Between June 2023 and June 2024 the exports of United Kingdom's   Time Recording Instruments have increased by £58.6k (65.2%) from £89.9k to £148k, while imports decreased by £-933k (-43.1%) from £2.16M to £1.23M.

Destinations In June 2024, Time Recording Instruments were exported mostly to Italy (£29.5k), France (£18k), Spain (£13.5k), Germany (£13.4k), and Hong Kong (£12.8k), and were imported mostly from France (£742k), United States (£217k), China (£114k), Germany (£52.6k), and Netherlands (£21.7k).

Growth In June 2024, the increase in Time Recording Instruments's year-by-year exports was explained primarily by an increase in exports to France (£11.7k or 131%), Ireland (£6.83k or 251%), and Germany (£2.8k or 55.8%). In June 2024, the decrease in Time Recording Instruments's year-by-year imports was explained primarily by a decrease in imports from China (£-120k or -49.4%), Spain (£-55.3k or -95.6%), and Netherlands (£-26.6k or -18.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£58.6k(65.2%)
IMPORT GROWTH (June 2023 - June 2024)£-933k(-43.1%)
MAIN EXPORTER (June 2024)Dover Eurotunnel£95.2k
MAIN DESTINATION (June 2024)Italy£29.5k

This section shows Time Recording Instruments'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 Time Recording Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.28M
IMPORTS (2022)$17.2M
NET TRADE (2022)-$13.9M

In 2022, United Kingdom exported $3.28M in Time Recording Instruments. The main destinations of United Kingdom exports on Time Recording Instruments were France ($444k), Germany ($439k), Oman ($330k), United States ($238k), and Ireland ($215k).

In 2022, United Kingdom imported $17.2M in Time Recording Instruments, mainly from United States ($5.72M), China ($4.33M), France ($3.73M), Netherlands ($1.31M), and Germany ($340k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Time Recording Instruments EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Oman$323k (4.72k%)
Germany$229k (109%)
Macau$121k (327%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Recording Instruments BY United Kingdom WERE (2021 - 2022):
Norway-$393k (-93.9%)
Australia-$179k (-81.1%)
Ireland-$170k (-44.1%)
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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 Time Recording Instruments were:
China $168M
France $41.2M
United States $24.5M
In 2022, United Kingdom's main importing competitors in Time Recording Instruments were:
United States $54.5M
Germany $34.3M
Japan $34M

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Trade Value of Time Recording Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $163k
TOP IMPORT POTENTIALChina+ $643k

Time Recording Instruments’s highest export potential is United States. With an export gap of $163k.   Time Recording Instruments’s highest import potential is China with an import gap of $643k.

See methodology.

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