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2022
Exports $4.35MWorld Rnk 12 / 125
Flag Rnk 975 / 1216
2022
Destination $736k Netherlands
2021 - 2022
FASTEST GROWING MARKET $736kNetherlands
2022
Imports $16.4MWorld Rnk 8 / 197
Flag Rnk 947 / 1214
2022
Origin $2.98M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.98MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $4.35M in Balances, making it the 12th largest exporter of Balances in the world. At the same year, Balances was the 975th most exported product in United Kingdom. The main destination of Balances exports from United Kingdom are: Netherlands ($984k), United States ($512k), South Korea ($403k), Germany ($332k), and Ireland ($188k).

The fastest growing export markets for Balances of United Kingdom between 2021 and 2022 were Netherlands ($736k), South Korea ($402k), and Nigeria ($156k).

Imports In 2022, United Kingdom imported $16.4M in Balances, becoming the 8th largest importer of Balances in the world. At the same year, Balances was the 947th most imported product in United Kingdom. United Kingdom imports Balances primarily from: Germany ($5.47M), Netherlands ($4.04M), China ($3.42M), Switzerland ($1.01M), and United States ($575k).

The fastest growing import markets in Balances for United Kingdom between 2021 and 2022 were China ($2.98M), Switzerland ($743k), and South Korea ($134k).

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Balances exports accounted up to £236k and imports accounted up to £1.55M, resulting in a negative trade balance of £1.32M. Between October 2023 and October 2024 the exports of United Kingdom's   Balances have decreased by £-19.6k (-7.68%) from £256k to £236k, while imports increased by £664k (74.7%) from £889k to £1.55M.

Destinations In October 2024, Balances were exported mostly to Netherlands (£87.3k), Cote d'Ivoire (£30.8k), Germany (£23.8k), United States (£14.1k), and India (£13.3k), and were imported mostly from Netherlands (£1.08M), Germany (£294k), Japan (£58.9k), United States (£45.7k), and France (£28.8k).

Growth In October 2024, the decrease in Balances's year-by-year exports was explained primarily by a decrease in exports to Sweden (£-6.78k or -50.8%), Switzerland (£-2.3k or -38.3%), and Ireland (£-1.82k or -28.1%). In October 2024, the increase in Balances's year-by-year imports was explained primarily by an increase in imports from Netherlands (£923k or 132%), Germany (£505k or 202%), and South Korea (£49k or 1.87k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£-19.6k(-7.68%)
IMPORT GROWTH (October 2023 - October 2024)£664k(74.7%)
MAIN EXPORTER (October 2024)Dover Eurotunnel£233k
MAIN DESTINATION (October 2024)Netherlands£87.3k

This section shows Balances'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 Balances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.35M
IMPORTS (2022)$16.4M
NET TRADE (2022)-$12.1M

In 2022, United Kingdom exported $4.35M in Balances. The main destinations of United Kingdom exports on Balances were Netherlands ($984k), United States ($512k), South Korea ($403k), Germany ($332k), and Ireland ($188k).

In 2022, United Kingdom imported $16.4M in Balances, mainly from Germany ($5.47M), Netherlands ($4.04M), China ($3.42M), Switzerland ($1.01M), and United States ($575k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Netherlands$736k (297%)
South Korea$402k (29.9k%)
Nigeria$156k (579%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY United Kingdom WERE (2021 - 2022):
Germany-$294k (-46.9%)
Ireland-$245k (-56.6%)
India-$189k (-96.9%)
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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 Balances were:
China $102M
Germany $101M
Netherlands $48.4M
In 2022, United Kingdom's main importing competitors in Balances were:
United States $51.8M
Germany $27.3M
India $26.3M

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $205k
TOP IMPORT POTENTIALChina+ $560k

Balances’s highest export potential is United States. With an export gap of $205k.   Balances’s highest import potential is China with an import gap of $560k.

See methodology.

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