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2022
Exports $9.47MWorld Rnk 20 / 174
Flag Rnk 858 / 1216
2022
Destination $414k Ireland
2021 - 2022
FASTEST GROWING MARKET $414kUnited States
2022
PRODUCT COMPLEXITY IN Umbrellas-0.043Rnk 560 / 1025
2022
Imports $121MWorld Rnk 9 / 218
Flag Rnk 556 / 1214
2022
Origin $8.44M China
2021 - 2022
FASTEST GROWING ORIGIN $8.44MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $9.47M in Umbrellas, making it the 20th largest exporter of Umbrellas in the world. At the same year, Umbrellas was the 858th most exported product in United Kingdom. The main destination of Umbrellas exports from United Kingdom are: Ireland ($1.94M), Japan ($899k), Netherlands ($838k), United States ($743k), and Germany ($604k).

The fastest growing export markets for Umbrellas of United Kingdom between 2021 and 2022 were United States ($414k), Italy ($267k), and Netherlands ($246k).

Imports In 2022, United Kingdom imported $121M in Umbrellas, becoming the 9th largest importer of Umbrellas in the world. At the same year, Umbrellas was the 556th most imported product in United Kingdom. United Kingdom imports Umbrellas primarily from: China ($101M), Germany ($3.94M), Netherlands ($2.74M), Italy ($2.7M), and France ($1.06M).

The fastest growing import markets in Umbrellas for United Kingdom between 2021 and 2022 were China ($8.44M), Germany ($817k), and Italy ($427k).

COMPANIES In 2023, leading companies such as Amazon (2) were at the forefront of shipping Umbrellas from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Umbrellas exports accounted up to £556k and imports accounted up to £6.25M, resulting in a negative trade balance of £5.69M. Between June 2023 and June 2024 the exports of United Kingdom's   Umbrellas have decreased by £-104k (-15.8%) from £660k to £556k, while imports increased by £934k (17.6%) from £5.32M to £6.25M.

Destinations In June 2024, Umbrellas were exported mostly to Ireland (£87.4k), France (£85.1k), Switzerland (£41.2k), Netherlands (£36.9k), and South Korea (£34.8k), and were imported mostly from China (£4.33M), Netherlands (£356k), Germany (£307k), Hong Kong (£231k), and Chinese Taipei (£164k).

Growth In June 2024, the decrease in Umbrellas's year-by-year exports was explained primarily by a decrease in exports to Ireland (£-125k or -51%), South Korea (£-47.6k or -95%), and Australia (£-23.6k or -92.7%). In June 2024, the increase in Umbrellas's year-by-year imports was explained primarily by an increase in imports from Spain (£123k or 1.36k%), France (£81.3k or 141%), and Poland (£14.7k or 1.49k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-104k(-15.8%)
IMPORT GROWTH (June 2023 - June 2024)£934k(17.6%)
MAIN EXPORTER (June 2024)Dover Eurotunnel£340k
MAIN DESTINATION (June 2024)Ireland£87.4k

This section shows Umbrellas'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 Umbrellas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.47M
IMPORTS (2022)$121M
NET TRADE (2022)-$111M

In 2022, United Kingdom exported $9.47M in Umbrellas. The main destinations of United Kingdom exports on Umbrellas were Ireland ($1.94M), Japan ($899k), Netherlands ($838k), United States ($743k), and Germany ($604k).

In 2022, United Kingdom imported $121M in Umbrellas, mainly from China ($101M), Germany ($3.94M), Netherlands ($2.74M), Italy ($2.7M), and France ($1.06M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Umbrellas EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$414k (126%)
Italy$267k (354%)
Netherlands$246k (41.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Umbrellas BY United Kingdom WERE (2021 - 2022):
Ireland-$847k (-30.4%)
China-$481k (-52.8%)
Sweden-$199k (-51.2%)
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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 Umbrellas were:
China $3.07B
Germany $83.4M
Netherlands $75.5M
In 2022, United Kingdom's main importing competitors in Umbrellas were:
United States $680M
Germany $267M
Japan $233M

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Trade Value of Umbrellas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $809k
TOP IMPORT POTENTIALGermany+ $1.57M

Umbrellas’s highest export potential is United States. With an export gap of $809k.   Umbrellas’s highest import potential is Germany with an import gap of $1.57M.

See methodology.

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