Machinery Having Individual Functions in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $3.14B in Machinery Having Individual Functions, making it the 11th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 24th most exported product in United Kingdom. The main destination of Machinery Having Individual Functions exports from United Kingdom are: United States ($518M), China ($362M), Germany ($337M), France ($250M), and Netherlands ($158M).

The fastest growing export markets for Machinery Having Individual Functions of United Kingdom between 2021 and 2022 were China ($264M), United States ($119M), and Germany ($63.2M).

Imports In 2022, United Kingdom imported $2.85B in Machinery Having Individual Functions, becoming the 14th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 41st most imported product in United Kingdom. United Kingdom imports Machinery Having Individual Functions primarily from: Germany ($750M), United States ($395M), China ($256M), Italy ($212M), and Netherlands ($155M).

The fastest growing import markets in Machinery Having Individual Functions for United Kingdom between 2021 and 2022 were United States ($87.5M), United Kingdom ($56.1M), and France ($27.5M).

COMPANIES In 2023, leading companies such as Boeing (117) and PARKER EUROPE OCEAN (33) were at the forefront of shipping Machinery Having Individual Functions from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Machinery Having Individual Functions exports accounted up to £113M and imports accounted up to £158M, resulting in a negative trade balance of £44.8M. Between January 2023 and January 2024 the exports of United Kingdom's Machinery Having Individual Functions have decreased by £-9.32M (-7.64%) from £122M to £113M, while imports increased by £11.2M (7.66%) from £146M to £158M.

Destinations In January 2024, Machinery Having Individual Functions were exported mostly to United States (£19.8M), Germany (£11.1M), Netherlands (£7.27M), France (£6.73M), and Ireland (£5.67M), and were imported mostly from Germany (£47.8M), United States (£15.4M), France (£12.6M), Netherlands (£10.3M), and Italy (£10.2M).

Growth In January 2024, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Brazil (£-2.93M or -39.2%), United States (£-2.5M or -11.2%), and France (£-2.34M or -23.6%). In January 2024, the increase in Machinery Having Individual Functions's year-by-year imports was explained primarily by an increase in imports from Germany (£6.44M or 18.5%), Italy (£3.74M or 56.8%), and Sweden (£3.26M or 132%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-9.32M(-7.64%)

IMPORT GROWTH (January 2023 - January 2024)£11.2M(7.66%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£27.5M

MAIN DESTINATION (January 2024)United States£19.8M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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