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2022
Exports $5.6MWorld Rnk 36 / 101
Flag Rnk 944 / 1216
2022
Destination $713k Australia
2021 - 2022
FASTEST GROWING MARKET $713kAustralia
2022
PRODUCT COMPLEXITY IN Carbides-0.24Rnk 626 / 1025
2022
Imports $29.8MWorld Rnk 23 / 175
Flag Rnk 846 / 1214
2022
Origin $2.13M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.13MSouth Africa
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $5.6M in Carbides, making it the 36th largest exporter of Carbides in the world. At the same year, Carbides was the 944th most exported product in United Kingdom. The main destination of Carbides exports from United Kingdom are: Australia ($893k), India ($583k), Norway ($395k), Germany ($342k), and United States ($313k).

The fastest growing export markets for Carbides of United Kingdom between 2021 and 2022 were Australia ($713k), India ($290k), and Norway ($234k).

Imports In 2022, United Kingdom imported $29.8M in Carbides, becoming the 23rd largest importer of Carbides in the world. At the same year, Carbides was the 846th most imported product in United Kingdom. United Kingdom imports Carbides primarily from: Germany ($5.43M), China ($3.4M), South Africa ($2.96M), Sweden ($2.49M), and South Korea ($2.16M).

The fastest growing import markets in Carbides for United Kingdom between 2021 and 2022 were South Africa ($2.13M), China ($1.75M), and Sweden ($1.54M).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Carbides exports accounted up to £323k and imports accounted up to £743k, resulting in a negative trade balance of £419k. Between September 2023 and September 2024 the exports of United Kingdom's   Carbides have increased by £36.1k (12.6%) from £287k to £323k, while imports decreased by £-163k (-18%) from £906k to £743k.

Destinations In September 2024, Carbides were exported mostly to United Arab Emirates (£67.1k), Germany (£32.6k), Norway (£26k), Poland (£23k), and Austria (£21.8k), and were imported mostly from Germany (£114k), Norway (£113k), Belgium (£113k), Japan (£97.9k), and Vietnam (£79.6k).

Growth In September 2024, the increase in Carbides's year-by-year exports was explained primarily by an increase in exports to Norway (£38k or 779%), Poland (£15.2k or 275%), and United States (£13.5k or 62.4%). In September 2024, the decrease in Carbides's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-521k or -84.2%), Germany (£-130k or -45.7%), and Japan (£-85.7k or -84.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£36.1k(12.6%)
IMPORT GROWTH (September 2023 - September 2024)£-163k(-18%)
MAIN EXPORTER (September 2024)East Midlands Airport£139k
MAIN DESTINATION (September 2024)United Arab Emirates£67.1k

This section shows Carbides'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 Carbides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.6M
IMPORTS (2022)$29.8M
NET TRADE (2022)-$24.2M

In 2022, United Kingdom exported $5.6M in Carbides. The main destinations of United Kingdom exports on Carbides were Australia ($893k), India ($583k), Norway ($395k), Germany ($342k), and United States ($313k).

In 2022, United Kingdom imported $29.8M in Carbides, mainly from Germany ($5.43M), China ($3.4M), South Africa ($2.96M), Sweden ($2.49M), and South Korea ($2.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Carbides EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Australia$713k (398%)
India$290k (98.9%)
Norway$234k (145%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carbides BY United Kingdom WERE (2021 - 2022):
Austria-$136k (-98.7%)
United Arab Emirates-$127k (-57.1%)
Netherlands-$87.4k (-69.3%)
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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 Carbides were:
China $1.04B
Austria $327M
Germany $181M
In 2022, United Kingdom's main importing competitors in Carbides were:
United States $460M
Germany $352M
Japan $306M

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Trade Value of Carbides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $356k
TOP IMPORT POTENTIALChina+ $2.75M

Carbides’s highest export potential is United States. With an export gap of $356k.   Carbides’s highest import potential is China with an import gap of $2.75M.

See methodology.

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