Valves in United Kingdom 2021 Exports | Imports : $3.04B | $3.41B, World Rnk 6 / 221 Rnk 20 / 1216 | World Rnk 5 / 226 Rnk 27 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $85.6M | $202M, Germany | China
2021 ECONOMIC COMPLEXITY of United Kingdom: 1.43, Rnk 11 / 131
2021 PRODUCT COMPLEXITY IN Valves: 1.41, Rnk 72 / 1029
Exports In 2021, United Kingdom exported $3.04B in Valves, making it the 6th largest exporter of Valves in the world. At the same year, Valves was the 20th most exported product in United Kingdom. The main destination of Valves exports from United Kingdom are: United States ($369M), Germany ($276M), Norway ($244M), China ($221M), and France ($173M).
The fastest growing export markets for Valves of United Kingdom between 2020 and 2021 were Germany ($85.6M), Australia ($59.3M), and France ($59.3M).
Imports In 2021, United Kingdom imported $3.41B in Valves, becoming the 5th largest importer of Valves in the world. At the same year, Valves was the 27th most imported product in United Kingdom. United Kingdom imports Valves primarily from: China ($743M), Germany ($599M), United States ($431M), Italy ($402M), and France ($205M).
The fastest growing import markets in Valves for United Kingdom between 2020 and 2021 were China ($202M), Germany ($113M), and France ($71.5M).
January 2023
Overview In January 2023 United Kingdom's Valves exports accounted up to £230M and imports accounted up to £242M, resulting in a negative trade balance of £12.1M. Between January 2022 and January 2023 the exports of United Kingdom's Valves have increased by £53.3M (30.1%) from £177M to £230M, while imports increased by £8.67M (3.71%) from £233M to £242M.
Destinations In January 2023, Valves were exported mostly to United States (£31.4M), India (£30.4M), Germany (£23M), France (£11.6M), and China (£9.42M), and were imported mostly from Germany (£42.8M), United States (£42.1M), China (£39.8M), Italy (£24.6M), and France (£13.6M).
Growth In January 2023, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to India (£13.1M or 322%), United States (£4.93M or 26%), and South Africa (£4.61M or 313%). In January 2023, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from China (£29.5M or 79.7%), United States (£7.5M or 36.1%), and Italy (£6.6M or 40.7%).
EXPORT GROWTH (January 2022 - January 2023): £53.3M, (30.1%)
IMPORT GROWTH (January 2022 - January 2023): £8.67M, (3.71%)
MAIN EXPORTER (January 2023): London Heathrow Airport, £48.7M
MAIN DESTINATION (January 2023): United States, £31.4M
This section shows Valves'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 Valves over time.
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EXPORTS (2021): $3.04B
IMPORTS (2021): $3.41B
NET TRADE (2021): -$371M
In 2021, United Kingdom exported $3.04B in Valves. The main destinations of United Kingdom exports on Valves were United States ($369M), Germany ($276M), Norway ($244M), China ($221M), and France ($173M).
In 2021, United Kingdom imported $3.41B in Valves, mainly from China ($743M), Germany ($599M), United States ($431M), Italy ($402M), and France ($205M).
THE FASTEST GROWING Valves EXPORT MARKETS FOR United Kingdom WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY United Kingdom WERE (2020 - 2021):
In 2021, United Kingdom's main exporting competitors in Valves were:
In 2021, United Kingdom's main importing competitors in Valves were:
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