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2023
Exports $4.51BWorld Rnk 3 / 179
Flag Rnk 13 / 1216
2023
Destination $266M Turkey
2022 - 2023
FASTEST GROWING MARKET $266MUnited States
2023
PRODUCT COMPLEXITY IN Combustion Engines1.16Rnk 119 / 1025
2023
Imports $1.28BWorld Rnk 12 / 219
Flag Rnk 102 / 1214
2023
Origin $80.3M United States
2022 - 2023
FASTEST GROWING ORIGIN $80.3MFrance
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $4.51B in Combustion Engines, making it the 3rd largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 13th most exported product in United Kingdom. The main destination of Combustion Engines exports from United Kingdom are: Turkey ($1.14B), United States ($797M), Germany ($292M), China ($291M), and Thailand ($210M).

The fastest growing export markets for Combustion Engines of United Kingdom between 2022 and 2023 were United States ($266M), Turkey ($95.6M), and Argentina ($93.2M).

Imports In 2023, United Kingdom imported $1.28B in Combustion Engines, becoming the 12th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 102nd most imported product in United Kingdom. United Kingdom imports Combustion Engines primarily from: United States ($248M), France ($236M), Germany ($182M), Netherlands ($171M), and Italy ($169M).

The fastest growing import markets in Combustion Engines for United Kingdom between 2022 and 2023 were France ($80.3M), Netherlands ($58.1M), and United States ($36.9M).

COMPANIES In 2024, leading companies such as CNH Industrial (23) were at the forefront of shipping Combustion Engines from United Kingdom to the United States.

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Combustion Engines exports accounted up to £240M and imports accounted up to £49.1M, resulting in a positive trade balance of £191M. Between December 2023 and December 2024 the exports of United Kingdom's   Combustion Engines have decreased by £-11M (-4.38%) from £251M to £240M, while imports decreased by £-28.9M (-37.1%) from £78M to £49.1M.

Destinations In December 2024, Combustion Engines were exported mostly to Turkey (£59.7M), United States (£44.9M), Thailand (£22.1M), Slovakia (£17.7M), and Germany (£12.7M), and were imported mostly from France (£12.2M), Germany (£9.8M), Netherlands (£8.74M), Sweden (£3.89M), and United States (£3.89M).

Growth In December 2024, the decrease in Combustion Engines's year-by-year exports was explained primarily by a decrease in exports to Slovakia (£-12.2M or -67.2%), United Arab Emirates (£-6.69M or -90.3%), and China (£-6.68M or -44%). In December 2024, the decrease in Combustion Engines's year-by-year imports was explained primarily by a decrease in imports from Canada (£-3.04M or -98.7%), India (£-2.81M or -73%), and Italy (£-1.33M or -14.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£-11M(-4.38%)
IMPORT GROWTH (December 2023 - December 2024)£-28.9M(-37.1%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Turkey£59.7M

This section shows Combustion Engines'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 Combustion Engines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$4.51B
IMPORTS (2023)$1.28B
NET TRADE (2023)$3.23B

In 2023, United Kingdom exported $4.51B in Combustion Engines. The main destinations of United Kingdom exports on Combustion Engines were Turkey ($1.14B), United States ($797M), Germany ($292M), China ($291M), and Thailand ($210M).

In 2023, United Kingdom imported $1.28B in Combustion Engines, mainly from United States ($248M), France ($236M), Germany ($182M), Netherlands ($171M), and Italy ($169M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
United States$266M (50.1%)
Turkey$95.6M (9.13%)
Argentina$93.2M (1.77k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY United Kingdom WERE (2022 - 2023):
Spain-$80.7M (-41.2%)
China-$46.2M (-13.7%)
South Korea-$38M (-32.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Combustion Engines were:
United States $10B
Germany $6.18B
In 2023, United Kingdom's main importing competitors in Combustion Engines were:
Mexico $6.47B
United States $6.27B
Germany $4.57B

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Trade Value of Combustion Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $106M
TOP IMPORT POTENTIALGermany+ $55.4M

Combustion Engines’s highest export potential is Germany. With an export gap of $106M.   Combustion Engines’s highest import potential is Germany with an import gap of $55.4M.

See methodology.

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