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2022
Exports $26.8MWorld Rnk 17 / 93
Flag Rnk 684 / 1216
2022
Destination $1.97M Belgium
2021 - 2022
FASTEST GROWING MARKET $1.97MPhilippines
2022
PRODUCT COMPLEXITY IN Bovine, Sheep, and Goat Fat-0.5Rnk 698 / 1025
2022
Imports $16.2MWorld Rnk 16 / 156
Flag Rnk 949 / 1214
2022
Origin $3.19M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $3.19MBelgium
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $26.8M in Bovine, Sheep, and Goat Fat, making it the 17th largest exporter of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 684th most exported product in United Kingdom. The main destination of Bovine, Sheep, and Goat Fat exports from United Kingdom are: Belgium ($7.44M), Ireland ($6.19M), Netherlands ($5.49M), Philippines ($3.42M), and France ($1.7M).

The fastest growing export markets for Bovine, Sheep, and Goat Fat of United Kingdom between 2021 and 2022 were Philippines ($1.97M), Poland ($636k), and France ($488k).

Imports In 2022, United Kingdom imported $16.2M in Bovine, Sheep, and Goat Fat, becoming the 16th largest importer of Bovine, Sheep, and Goat Fat in the world. At the same year, Bovine, Sheep, and Goat Fat was the 949th most imported product in United Kingdom. United Kingdom imports Bovine, Sheep, and Goat Fat primarily from: Belgium ($5.7M), Ireland ($4.13M), Germany ($1.73M), Netherlands ($1.47M), and Denmark ($1.22M).

The fastest growing import markets in Bovine, Sheep, and Goat Fat for United Kingdom between 2021 and 2022 were Belgium ($3.19M), Netherlands ($958k), and Germany ($611k).

Latest Trends

July 2024

About

Overview In July 2024 United Kingdom's Bovine, Sheep, and Goat Fat exports accounted up to £1.28M and imports accounted up to £902k, resulting in a positive trade balance of £374k. Between July 2023 and July 2024 the exports of United Kingdom's   Bovine, Sheep, and Goat Fat have increased by £10.6k (0.84%) from £1.27M to £1.28M, while imports decreased by £-188k (-17.3%) from £1.09M to £902k.

Destinations In July 2024, Bovine, Sheep, and Goat Fat were exported mostly to Ireland (£663k), Belgium (£205k), Poland (£168k), Netherlands (£139k), and Germany (£61.2k), and were imported mostly from Ireland (£306k), Belgium (£241k), France (£92.2k), Poland (£80.2k), and Australia (£41.3k).

Growth In July 2024, the increase in Bovine, Sheep, and Goat Fat's year-by-year exports was explained primarily by an increase in exports to Ireland (£404k or 43.7%), Belgium (£70.1k or 16.6%), and France (£70k or 250%). In July 2024, the decrease in Bovine, Sheep, and Goat Fat's year-by-year imports was explained primarily by a decrease in imports from Belgium (£-192k or -38.9%), Netherlands (£-82.1k or -88.7%), and Italy (£-26k or -35.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)£10.6k(0.84%)
IMPORT GROWTH (July 2023 - July 2024)£-188k(-17.3%)
MAIN EXPORTER (July 2024)Liverpool£654k
MAIN DESTINATION (July 2024)Ireland£663k

This section shows Bovine, Sheep, and Goat Fat'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 Bovine, Sheep, and Goat Fat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.8M
IMPORTS (2022)$16.2M
NET TRADE (2022)$10.6M

In 2022, United Kingdom exported $26.8M in Bovine, Sheep, and Goat Fat. The main destinations of United Kingdom exports on Bovine, Sheep, and Goat Fat were Belgium ($7.44M), Ireland ($6.19M), Netherlands ($5.49M), Philippines ($3.42M), and France ($1.7M).

In 2022, United Kingdom imported $16.2M in Bovine, Sheep, and Goat Fat, mainly from Belgium ($5.7M), Ireland ($4.13M), Germany ($1.73M), Netherlands ($1.47M), and Denmark ($1.22M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bovine, Sheep, and Goat Fat EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Philippines$1.97M (136%)
Poland$636k (1.14k%)
France$488k (40.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bovine, Sheep, and Goat Fat BY United Kingdom WERE (2021 - 2022):
Ireland-$9.3M (-60%)
Netherlands-$8.45M (-60.6%)
Belgium-$1.23M (-14.2%)
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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 Bovine, Sheep, and Goat Fat were:
Australia $683M
Canada $450M
United States $393M
In 2022, United Kingdom's main importing competitors in Bovine, Sheep, and Goat Fat were:
United States $1.04B
Singapore $575M
Netherlands $225M

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Trade Value of Bovine, Sheep, and Goat Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $513k
TOP IMPORT POTENTIALGermany+ $897k

Bovine, Sheep, and Goat Fat’s highest export potential is China. With an export gap of $513k.   Bovine, Sheep, and Goat Fat’s highest import potential is Germany with an import gap of $897k.

See methodology.

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