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2022
Exports $40.4MWorld Rnk 9 / 132
Flag Rnk 597 / 1216
2022
Destination $2.62M Finland
2021 - 2022
FASTEST GROWING MARKET $2.62MFinland
2022
PRODUCT COMPLEXITY IN Boiler Plants0.99Rnk 174 / 1025
2022
Imports $34.4MWorld Rnk 10 / 196
Flag Rnk 817 / 1214
2022
Origin $1.69M Italy
2021 - 2022
FASTEST GROWING ORIGIN $1.69MGermany
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $40.4M in Boiler Plants, making it the 9th largest exporter of Boiler Plants in the world. At the same year, Boiler Plants was the 597th most exported product in United Kingdom. The main destination of Boiler Plants exports from United Kingdom are: Finland ($6.06M), Ireland ($2.48M), Singapore ($2.45M), Sweden ($2.28M), and France ($2.21M).

The fastest growing export markets for Boiler Plants of United Kingdom between 2021 and 2022 were Finland ($2.62M), Singapore ($1.86M), and Vietnam ($1.13M).

Imports In 2022, United Kingdom imported $34.4M in Boiler Plants, becoming the 10th largest importer of Boiler Plants in the world. At the same year, Boiler Plants was the 817th most imported product in United Kingdom. United Kingdom imports Boiler Plants primarily from: Italy ($11M), Spain ($4.03M), Germany ($2.97M), Switzerland ($2.84M), and China ($2.35M).

The fastest growing import markets in Boiler Plants for United Kingdom between 2021 and 2022 were Germany ($1.69M), Turkey ($916k), and Ireland ($888k).

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Boiler Plants exports accounted up to £3.79M and imports accounted up to £4.94M, resulting in a negative trade balance of £1.15M. Between October 2023 and October 2024 the exports of United Kingdom's   Boiler Plants have increased by £780k (25.9%) from £3.01M to £3.79M, while imports decreased by £-4.85M (-49.5%) from £9.79M to £4.94M.

Destinations In October 2024, Boiler Plants were exported mostly to Sudan (£920k), Norway (£554k), Malaysia (£413k), United States (£351k), and Ireland (£249k), and were imported mostly from Italy (£1.4M), Morocco (£1.24M), France (£557k), Spain (£337k), and Netherlands (£325k).

Growth In October 2024, the increase in Boiler Plants's year-by-year exports was explained primarily by an increase in exports to Vietnam (£1.02M or 41.7k%), France (£509k or 159%), and India (£367k or 2.86k%). In October 2024, the decrease in Boiler Plants's year-by-year imports was explained primarily by a decrease in imports from Spain (£-432k or -99.7%), China (£-345k or -78.1%), and Netherlands (£-300k or -81.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£780k(25.9%)
IMPORT GROWTH (October 2023 - October 2024)£-4.85M(-49.5%)
MAIN EXPORTER (October 2024)Immingham£2.6M
MAIN DESTINATION (October 2024)Sudan£920k

This section shows Boiler Plants'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 Boiler Plants over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$40.4M
IMPORTS (2022)$34.4M
NET TRADE (2022)$6.06M

In 2022, United Kingdom exported $40.4M in Boiler Plants. The main destinations of United Kingdom exports on Boiler Plants were Finland ($6.06M), Ireland ($2.48M), Singapore ($2.45M), Sweden ($2.28M), and France ($2.21M).

In 2022, United Kingdom imported $34.4M in Boiler Plants, mainly from Italy ($11M), Spain ($4.03M), Germany ($2.97M), Switzerland ($2.84M), and China ($2.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Boiler Plants EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Finland$2.62M (76.3%)
Singapore$1.86M (313%)
Vietnam$1.13M (301%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Boiler Plants BY United Kingdom WERE (2021 - 2022):
China-$3.67M (-81.8%)
India-$1.35M (-71.1%)
Russia-$1.2M (-100%)
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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 Boiler Plants were:
China $463M
South Korea $110M
Japan $102M
In 2022, United Kingdom's main importing competitors in Boiler Plants were:
Indonesia $243M
United States $109M
Japan $73.5M

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Trade Value of Boiler Plants by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1M
TOP IMPORT POTENTIALChina+ $2.13M

Boiler Plants’s highest export potential is United States. With an export gap of $1M.   Boiler Plants’s highest import potential is China with an import gap of $2.13M.

See methodology.

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