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2023
Flag → Flag
Exports $5.24MRnk 6 / 60
2023
Flag → Flag
Top Product $2.09MWool
2023
Flag → Flag
Exports $117MRnk 104 / 223
2023
Flag → Flag
Top Product $11.1MAircraft parts (gliders, balloons, and powered aircraft)
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Falkland Islands-United Kingdom Trade: In 2023, Falkland Islands exported $5.24M to United Kingdom. The main products that Falkland Islands exported to United Kingdom were Wool ($2.09M), Sheep and Goat Meat ($1.74M), and Aircraft parts (gliders, balloons, and powered aircraft) ($346k). Over the past 5 years the exports of Falkland Islands to United Kingdom have decreased at an annualized rate of 0.66%, from $5.42M in 2018 to $5.24M in 2023.

In 2023, Falkland Islands did not export any services to United Kingdom.

United Kingdom-Falkland Islands Trade: In 2023, United Kingdom exported $117M to Falkland Islands. The main products that United Kingdom exported to Falkland Islands were Aircraft parts (gliders, balloons, and powered aircraft) ($11.1M), Prefabricated Buildings ($5.93M), and Surveying Equipment ($4.25M). Over the past 5 years the exports of United Kingdom to Falkland Islands have increased at an annualized rate of 11.2%,  from $68.5M in 2018 to $117M in 2023.

In 2023, United Kingdom did not export any services to Falkland Islands.

Comparison In 2023,  Falkland Islands ranked 175 in total exports ($363M), and does not have data regarding Economic Complexity Index. That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Falkland Islands exported $5.24M to United Kingdom. The main products exported from Falkland Islands to United Kingdom were Wool ($2.09M), Sheep and Goat Meat ($1.74M), and Aircraft parts (gliders, balloons, and powered aircraft) ($346k). During the last 5 years the exports of Falkland Islands to United Kingdom have decreased at an annualized rate of 0.66%, from $5.42M in 2018 to $5.24M in 2023.

In 2018, United Kingdom exported $117M to Falkland Islands. The main products exported from United Kingdom to Falkland Islands were Aircraft parts (gliders, balloons, and powered aircraft) ($11.1M), Prefabricated Buildings ($5.93M), and Surveying Equipment ($4.25M). During the last 5 years the exports of United Kingdom to Falkland Islands have increased at an annualized rate of 11.2%, from $68.5M in 2023 to $117M in 2018.

Exports from Falkland Islands (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Falkland Islands (Flag) (2023)

Latest Data

Trade between Falkland Islands (Flag) and United Kingdom (Flag)

United Kingdom Exports

Market Competitiveness

Color
Falkland Islands
Top DestinationSpain$248M
United Kingdom
Top DestinationUnited States$59.7B

This map shows whether countries import more from Falkland Islands or United Kingdom. Each country is colored based on the difference in imports they receive from Falkland Islands and United Kingdom or the difference in the growth in imports.

In 2023, no countries were registered that imported more from Falkland Islands than from United Kingdom.

In 2023, countries that imported more from United Kingdom than Falkland Islands included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Falkland Islands (Flag) (2023)

Comparative Advantage Falkland Islands - United Kingdom

Flow
Scale

This chart compares trade between Falkland Islands and United Kingdom by product, considering products traded by both, Falkland Islands and United Kingdom.

During 2023, Falkland Islands had a large net trade with United Kingdom in the exports of Animal Products ($2.19M), Textiles ($2.1M), and Transportation ($346k).

During 2018, United Kingdom had a large net trade with Falkland Islands in the exports of Machines ($33.7M), Transportation ($23M), and Metals ($11.3M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Falkland Islands and United Kingdom. This means that a dot/product with the flag of Falkland Islands indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Falkland Islands.

Product Space of Falkland Islands (Flag) and United Kingdom (Flag) (2023)

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