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Pricing

2022
Flag → Flag
Exports $79.4MRnk 109 / 224
2022
Flag → Flag
Top Product $7.24MPrefabricated Buildings
2022
Flag → Flag
Exports $5.59MRnk 6 / 53
2022
Flag → Flag
Top Product $2.41MWool
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

United Kingdom-Falkland Islands Trade: In 2022, United Kingdom exported $79.4M to Falkland Islands. The main products that United Kingdom exported to Falkland Islands were Prefabricated Buildings ($7.24M), Planes, Helicopters, and/or Spacecraft ($6.16M), and Iron Structures ($2.59M). Over the past 5 years the exports of United Kingdom to Falkland Islands have increased at an annualized rate of 6.85%, from $57M in 2017 to $79.4M in 2022.

In 2022, United Kingdom did not export any services to Falkland Islands.

Falkland Islands-United Kingdom Trade: In 2022, Falkland Islands exported $5.59M to United Kingdom. The main products that Falkland Islands exported to United Kingdom were Wool ($2.41M), Sheep and Goat Meat ($2.15M), and Molluscs ($279k). Over the past 5 years the exports of Falkland Islands to United Kingdom have increased at an annualized rate of 3.75%,  from $4.65M in 2017 to $5.59M in 2022.

In 2022, Falkland Islands did not export any services to United Kingdom.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42),  and 14 in total exports ($469B). That same year, Falkland Islands ranked 178 in total exports ($382M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, United Kingdom exported £2.51M and imported £947k from Falkland Islands, resulting in a positive trade balance of £1.56M. Between July 2023 and July 2024 the exports of United Kingdom have decreased by £-5.02M (-66.7%) from £7.53M to £2.51M, while imports increased by £157k (19.9%) from £790k to £947k.

Trade In July 2024, the top exports of United Kingdom to Falkland Islands were Commodities not elsewhere specified (£1.25M), Large Construction Vehicles (£877k), Delivery Trucks (£705k), Other Hand Tools (£463k), and Iron Cloth (£355k). In July 2024 the top imports of United Kingdom from Falkland Islands were Sheep and Goat Meat (£85.7k), Aircraft parts including unmanned craft (£33.5k), Wool (£8.38k), and Collector's Items (£500).

Origins In July 2024 the exports of United Kingdom were mainly from London Gateway (£2.35M), East Midlands Airport (£84k), London Heathrow Airport (£29.1k), Manchester Airport (£27.1k), and Brize Norton (£6.91k), while imports destinations were mainly Southampton (£776k), London Gateway (£91.6k), Felixstowe (£40.4k), and Brize Norton (£15.8k).

Growth In July 2024, the decrease in United Kingdom's year-by-year exports to Falkland Islands was explained primarily by an decrease in product exports in Prefabricated Buildings (£-365k or -61.2%), Cranes (£-342k or -88.4%), and Low-voltage Protection Equipment (£-331k or -83.2%). In July 2024, the increase in United Kingdom's year-by-year imports  from Falkland Islands was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)£-5.02M(-66.7%)
IMPORT GROWTH (July 2023 - July 2024)£157k(19.9%)
MAIN EXPORTER (July 2024)London Gateway£2.35M

This section shows 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 product to explore the exports or imports behavior of United Kingdom over time.

To check Falkland Islands and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $79.4M to Falkland Islands. The main products exported from United Kingdom to Falkland Islands were Prefabricated Buildings ($7.24M), Planes, Helicopters, and/or Spacecraft ($6.16M), and Iron Structures ($2.59M). During the last 5 years the exports of United Kingdom to Falkland Islands have increased at an annualized rate of 6.85%, from $57M in 2017 to $79.4M in 2022.

In 2017, Falkland Islands exported $5.59M to United Kingdom. The main products exported from Falkland Islands to United Kingdom were Wool ($2.41M), Sheep and Goat Meat ($2.15M), and Molluscs ($279k). During the last 5 years the exports of Falkland Islands to United Kingdom have increased at an annualized rate of 3.75%, from $4.65M in 2022 to $5.59M in 2017.

Exports from United Kingdom (Flag) to Falkland Islands (Flag) (2022)

Exports from Falkland Islands (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationN/AN/A
Falkland Islands
Top DestinationN/AN/A

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

N/A

N/A

Difference in imports from Falkland Islands (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Falkland Islands

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Falkland Islands in the exports of Machines ($17.7M), Transportation ($13.1M), and Miscellaneous ($9.65M).

During 2017, Falkland Islands had a large net trade with United Kingdom in the exports of Animal Products ($2.62M), Textiles ($2.41M), and Machines ($182k).

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Falkland Islands (Flag) (2022)

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