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2022
Exports $4.06BWorld Rnk 4 / 186
Flag Rnk 15 / 1216
2022
Destination $150M Turkey
2021 - 2022
FASTEST GROWING MARKET $150MThailand
2022
PRODUCT COMPLEXITY IN Combustion Engines1.13Rnk 126 / 1025
2022
Imports $1.08BWorld Rnk 12 / 220
Flag Rnk 123 / 1214
2022
Origin $114M United States
2021 - 2022
FASTEST GROWING ORIGIN $114MFrance
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $4.06B in Combustion Engines, making it the 4th largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 15th most exported product in United Kingdom. The main destination of Combustion Engines exports from United Kingdom are: Turkey ($1.02B), United States ($506M), China ($302M), Germany ($280M), and Spain ($190M).

The fastest growing export markets for Combustion Engines of United Kingdom between 2021 and 2022 were Thailand ($150M), United States ($74.6M), and Germany ($46M).

Imports In 2022, United Kingdom imported $1.08B in Combustion Engines, becoming the 12th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 123rd most imported product in United Kingdom. United Kingdom imports Combustion Engines primarily from: United States ($210M), France ($165M), Germany ($160M), Italy ($158M), and Netherlands ($117M).

The fastest growing import markets in Combustion Engines for United Kingdom between 2021 and 2022 were France ($114M), United States ($30.3M), and United Kingdom ($21.6M).

COMPANIES In 2023, leading companies such as CNH Industrial (17) were at the forefront of shipping Combustion Engines from United Kingdom to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Combustion Engines exports accounted up to £293M and imports accounted up to £69.6M, resulting in a positive trade balance of £223M. Between October 2023 and October 2024 the exports of United Kingdom's   Combustion Engines have increased by £13.2M (4.71%) from £280M to £293M, while imports decreased by £-18.6M (-21%) from £88.2M to £69.6M.

Destinations In October 2024, Combustion Engines were exported mostly to Turkey (£76.7M), United States (£54.2M), Slovakia (£19.7M), Thailand (£19.2M), and Germany (£17.9M), and were imported mostly from France (£17M), United States (£11.2M), Netherlands (£10.5M), Italy (£9.59M), and Germany (£8.87M).

Growth In October 2024, the increase in Combustion Engines's year-by-year exports was explained primarily by an increase in exports to Turkey (£21M or 39%), United States (£19.2M or 93.7%), and Slovakia (£11.5M or 171%). In October 2024, the decrease in Combustion Engines's year-by-year imports was explained primarily by a decrease in imports from Austria (£-1.04M or -45.2%), United States (£-1.03M or -9.39%), and Japan (£-901k or -20.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£13.2M(4.71%)
IMPORT GROWTH (October 2023 - October 2024)£-18.6M(-21%)
MAIN EXPORTER (October 2024)London£98.3M
MAIN DESTINATION (October 2024)Turkey£76.7M

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 (2022)$4.06B
IMPORTS (2022)$1.08B
NET TRADE (2022)$2.98B

In 2022, United Kingdom exported $4.06B in Combustion Engines. The main destinations of United Kingdom exports on Combustion Engines were Turkey ($1.02B), United States ($506M), China ($302M), Germany ($280M), and Spain ($190M).

In 2022, United Kingdom imported $1.08B in Combustion Engines, mainly from United States ($210M), France ($165M), Germany ($160M), Italy ($158M), and Netherlands ($117M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Thailand$150M (3.37k%)
United States$74.6M (17.3%)
Germany$46M (19.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY United Kingdom WERE (2021 - 2022):
Turkey-$77.1M (-7%)
Belarus-$75.5M (-98.5%)
Russia-$60.7M (-69.7%)
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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 Combustion Engines were:
United States $8.39B
Germany $5.58B
Japan $4.24B
In 2022, United Kingdom's main importing competitors in Combustion Engines were:
United States $5.93B
Mexico $5.75B
Germany $3.93B

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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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