Borax in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $997k in Borax, making it the 16th largest exporter of Borax in the world. At the same year, Borax was the 1112th most exported product in United Kingdom. The main destination of Borax exports from United Kingdom are: United States ($383k), Netherlands ($220k), Belgium ($168k), Brazil ($71.9k), and South Korea ($57.5k).

The fastest growing export markets for Borax of United Kingdom between 2021 and 2022 were Netherlands ($192k), United States ($162k), and South Korea ($57.5k).

Imports In 2022, United Kingdom imported $1.98M in Borax, becoming the 29th largest importer of Borax in the world. At the same year, Borax was the 1141st most imported product in United Kingdom. United Kingdom imports Borax primarily from: Turkey ($1.61M), Netherlands ($305k), France ($11.4k), Bolivia ($11.4k), and China ($10.2k).

The fastest growing import markets in Borax for United Kingdom between 2021 and 2022 were Turkey ($152k), France ($11.4k), and Spain ($3.05k).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Borax exports accounted up to £74.6k and imports accounted up to £102k, resulting in a negative trade balance of £27.6k. Between May 2023 and June 2024 the exports of United Kingdom's Borax have decreased by £-2.9k (-3.74%) from £77.5k to £74.6k, while imports decreased by £-70k (-40.7%) from £172k to £102k.

Destinations In June 2024, Borax were exported mostly to United States (£53.6k), Belgium (£14.1k), Spain (£3.04k), Italy (£2.94k), and Germany (£902), and were imported mostly from Turkey (£90k), Peru (£10.8k), and Austria (£1.34k).

Growth In June 2024, the decrease in Borax's year-by-year exports was explained primarily by a decrease in exports to Italy (£-6.2k or -57.9%). In June 2024, the decrease in Borax's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (May 2023 - June 2024)£-2.9k(-3.74%)

IMPORT GROWTH (May 2023 - June 2024)£-70k(-40.7%)

MAIN EXPORTER (June 2024)Southampton£53.7k

MAIN DESTINATION (June 2024)United States£53.6k

This section shows Borax'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 Borax over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$997k

IMPORTS (2022)$1.98M

NET TRADE (2022)-$979k

In 2022, United Kingdom exported $997k in Borax. The main destinations of United Kingdom exports on Borax were United States ($383k), Netherlands ($220k), Belgium ($168k), Brazil ($71.9k), and South Korea ($57.5k).

In 2022, United Kingdom imported $1.98M in Borax, mainly from Turkey ($1.61M), Netherlands ($305k), France ($11.4k), Bolivia ($11.4k), and China ($10.2k).

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