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2022
Exports $732kWorld Rnk 38 / 93
Flag Rnk 1136 / 1216
2022
Destination $35.5k Ireland
2021 - 2022
FASTEST GROWING MARKET $35.5kSouth Korea
2022
Imports $5.53MWorld Rnk 10 / 178
Flag Rnk 1072 / 1214
2022
Origin $1.2M United States
2021 - 2022
FASTEST GROWING ORIGIN $1.2MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $732k in Turpentine, making it the 38th largest exporter of Turpentine in the world. At the same year, Turpentine was the 1136th most exported product in United Kingdom. The main destination of Turpentine exports from United Kingdom are: Ireland ($228k), New Zealand ($105k), France ($75.4k), South Korea ($75k), and Saint Lucia ($30.2k).

The fastest growing export markets for Turpentine of United Kingdom between 2021 and 2022 were South Korea ($35.5k), Saudi Arabia ($22.3k), and Mexico ($10.6k).

Imports In 2022, United Kingdom imported $5.53M in Turpentine, becoming the 10th largest importer of Turpentine in the world. At the same year, Turpentine was the 1072nd most imported product in United Kingdom. United Kingdom imports Turpentine primarily from: United States ($2.16M), India ($1.47M), France ($551k), Brazil ($377k), and Belgium ($242k).

The fastest growing import markets in Turpentine for United Kingdom between 2021 and 2022 were United States ($1.2M), Brazil ($234k), and France ($231k).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (5) were at the forefront of shipping Turpentine from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Turpentine exports accounted up to £12.3k and imports accounted up to £242k, resulting in a negative trade balance of £230k. Between August 2023 and August 2024 the exports of United Kingdom's   Turpentine have decreased by £-37.4k (-75.3%) from £49.6k to £12.3k, while imports increased by £228k (1.6k%) from £14.3k to £242k.

Destinations In August 2024, Turpentine were exported mostly to Ireland (£4.98k), Netherlands (£4.43k), and Nigeria (£2.84k), and were imported mostly from India (£189k), Portugal (£46.9k), Spain (£3.68k), Netherlands (£2.02k), and Italy (£17).

Growth In August 2024, the decrease in Turpentine's year-by-year exports was explained primarily by a decrease in exports to South Korea (£-6.73k or -45.3%), Poland (£-4.89k or -79.6%), and Ireland (£-2.63k or -12.5%). In August 2024, the increase in Turpentine's year-by-year imports was explained primarily by an increase in imports from United States (£99.1k or 1.25k%) and Belgium (£18.9k or 63.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-37.4k(-75.3%)
IMPORT GROWTH (August 2023 - August 2024)£228k(1.6k%)
MAIN EXPORTER (August 2024)London Gateway£87.6k
MAIN DESTINATION (August 2024)Ireland£4.98k

This section shows Turpentine'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 Turpentine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$732k
IMPORTS (2022)$5.53M
NET TRADE (2022)-$4.8M

In 2022, United Kingdom exported $732k in Turpentine. The main destinations of United Kingdom exports on Turpentine were Ireland ($228k), New Zealand ($105k), France ($75.4k), South Korea ($75k), and Saint Lucia ($30.2k).

In 2022, United Kingdom imported $5.53M in Turpentine, mainly from United States ($2.16M), India ($1.47M), France ($551k), Brazil ($377k), and Belgium ($242k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Turpentine EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
South Korea$35.5k (89.7%)
Saudi Arabia$22.3k (565%)
Mexico$10.6k (813%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Turpentine BY United Kingdom WERE (2021 - 2022):
Ireland-$219k (-49%)
Netherlands-$187k (-96.9%)
Norway-$172k (-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 Turpentine were:
Brazil $110M
Indonesia $70.8M
United States $54.8M
In 2022, United Kingdom's main importing competitors in Turpentine were:
India $211M
France $85.6M
United States $46.7M

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Trade Value of Turpentine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $87.6k
TOP IMPORT POTENTIALBrazil+ $289k

Turpentine’s highest export potential is France. With an export gap of $87.6k.   Turpentine’s highest import potential is Brazil with an import gap of $289k.

See methodology.

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