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2022
Exports $13.3MWorld Rnk 17 / 194
Flag Rnk 804 / 1216
2022
Destination $412k Ireland
2021 - 2022
FASTEST GROWING MARKET $412kIreland
2022
PRODUCT COMPLEXITY IN Cutlery Sets-0.066Rnk 570 / 1025
2022
Imports $116MWorld Rnk 5 / 218
Flag Rnk 565 / 1214
2022
Origin $13.1M China
2021 - 2022
FASTEST GROWING ORIGIN $13.1MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $13.3M in Cutlery Sets, making it the 17th largest exporter of Cutlery Sets in the world. At the same year, Cutlery Sets was the 804th most exported product in United Kingdom. The main destination of Cutlery Sets exports from United Kingdom are: Ireland ($2.81M), Netherlands ($1.14M), Iraq ($1.05M), United States ($940k), and France ($565k).

The fastest growing export markets for Cutlery Sets of United Kingdom between 2021 and 2022 were Ireland ($412k), Saudi Arabia ($321k), and Israel ($105k).

Imports In 2022, United Kingdom imported $116M in Cutlery Sets, becoming the 5th largest importer of Cutlery Sets in the world. At the same year, Cutlery Sets was the 565th most imported product in United Kingdom. United Kingdom imports Cutlery Sets primarily from: China ($79.8M), Vietnam ($11.7M), India ($5.06M), Germany ($4.56M), and France ($2.91M).

The fastest growing import markets in Cutlery Sets for United Kingdom between 2021 and 2022 were China ($13.1M), Vietnam ($5.8M), and India ($1.38M).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Cutlery Sets exports accounted up to £888k and imports accounted up to £5.24M, resulting in a negative trade balance of £4.35M. Between June 2023 and June 2024 the exports of United Kingdom's   Cutlery Sets have decreased by £-171k (-16.1%) from £1.06M to £888k, while imports increased by £180k (3.55%) from £5.06M to £5.24M.

Destinations In June 2024, Cutlery Sets were exported mostly to Ireland (£139k), Netherlands (£83.4k), France (£62.2k), Iraq (£59.3k), and United States (£57.4k), and were imported mostly from China (£3.09M), Vietnam (£623k), India (£323k), France (£269k), and Hong Kong (£195k).

Growth In June 2024, the decrease in Cutlery Sets's year-by-year exports was explained primarily by a decrease in exports to Sweden (£-9.09k or -48%), Belgium (£-6.86k or -41.6%), and Ireland (£-6.82k or -4.35%). In June 2024, the increase in Cutlery Sets's year-by-year imports was explained primarily by an increase in imports from Netherlands (£144k or 106%), Germany (£75.8k or 51%), and Turkey (£50.7k or 529%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-171k(-16.1%)
IMPORT GROWTH (June 2023 - June 2024)£180k(3.55%)
MAIN EXPORTER (June 2024)London Heathrow Airport£428k
MAIN DESTINATION (June 2024)Ireland£139k

This section shows Cutlery Sets'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 Cutlery Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13.3M
IMPORTS (2022)$116M
NET TRADE (2022)-$103M

In 2022, United Kingdom exported $13.3M in Cutlery Sets. The main destinations of United Kingdom exports on Cutlery Sets were Ireland ($2.81M), Netherlands ($1.14M), Iraq ($1.05M), United States ($940k), and France ($565k).

In 2022, United Kingdom imported $116M in Cutlery Sets, mainly from China ($79.8M), Vietnam ($11.7M), India ($5.06M), Germany ($4.56M), and France ($2.91M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cutlery Sets EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Ireland$412k (17.2%)
Saudi Arabia$321k (201%)
Israel$105k (127%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cutlery Sets BY United Kingdom WERE (2021 - 2022):
Iraq-$707k (-40.2%)
Netherlands-$455k (-28.6%)
France-$381k (-40.3%)
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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 Cutlery Sets were:
China $2.38B
Vietnam $288M
Germany $127M
In 2022, United Kingdom's main importing competitors in Cutlery Sets were:
United States $688M
Germany $226M
Netherlands $128M

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Trade Value of Cutlery Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $994k
TOP IMPORT POTENTIALGermany+ $1.71M

Cutlery Sets’s highest export potential is United States. With an export gap of $994k.   Cutlery Sets’s highest import potential is Germany with an import gap of $1.71M.

See methodology.

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