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2022
Exports $608MWorld Rnk 21 / 209
Flag Rnk 128 / 1216
2022
Destination $18.9M United States
2021 - 2022
FASTEST GROWING MARKET $18.9MUnited States
2022
PRODUCT COMPLEXITY IN Electric Batteries1.02Rnk 164 / 1025
2022
Imports $3.56BWorld Rnk 9 / 225
Flag Rnk 28 / 1214
2022
Origin $946M China
2021 - 2022
FASTEST GROWING ORIGIN $946MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $608M in Electric Batteries, making it the 21st largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 128th most exported product in United Kingdom. The main destination of Electric Batteries exports from United Kingdom are: United States ($99.1M), France ($89.4M), Ireland ($61M), Germany ($58.9M), and Netherlands ($31M).

The fastest growing export markets for Electric Batteries of United Kingdom between 2021 and 2022 were United States ($18.9M), United Kingdom ($12.3M), and France ($7.76M).

Imports In 2022, United Kingdom imported $3.56B in Electric Batteries, becoming the 9th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 28th most imported product in United Kingdom. United Kingdom imports Electric Batteries primarily from: China ($1.35B), Germany ($489M), Japan ($340M), United States ($229M), and South Korea ($197M).

The fastest growing import markets in Electric Batteries for United Kingdom between 2021 and 2022 were China ($946M), South Korea ($60.5M), and United States ($53.8M).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Electric Batteries exports accounted up to £78M and imports accounted up to £228M, resulting in a negative trade balance of £150M. Between June 2023 and June 2024 the exports of United Kingdom's   Electric Batteries have increased by £32.9M (72.9%) from £45.1M to £78M, while imports decreased by £-26.5M (-10.4%) from £255M to £228M.

Destinations In June 2024, Electric Batteries were exported mostly to Germany (£22.2M), United States (£9.12M), France (£8.34M), Netherlands (£5.74M), and Ireland (£5.38M), and were imported mostly from China (£69.4M), Hong Kong (£19.8M), Netherlands (£19.5M), Germany (£15.7M), and Hungary (£13.2M).

Growth In June 2024, the increase in Electric Batteries's year-by-year exports was explained primarily by an increase in exports to United States (£3.76M or 92.3%), France (£2.84M or 92.8%), and Italy (£1.97M or 233%). In June 2024, the decrease in Electric Batteries's year-by-year imports was explained primarily by a decrease in imports from Japan (£-11.2M or -37.5%), Austria (£-4.05M or -55.5%), and Hong Kong (£-1.98M or -28.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£32.9M(72.9%)
IMPORT GROWTH (June 2023 - June 2024)£-26.5M(-10.4%)
MAIN EXPORTER (June 2024)Dover£21.5M
MAIN DESTINATION (June 2024)Germany£22.2M

This section shows Electric Batteries'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 Electric Batteries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$608M
IMPORTS (2022)$3.56B
NET TRADE (2022)-$2.96B

In 2022, United Kingdom exported $608M in Electric Batteries. The main destinations of United Kingdom exports on Electric Batteries were United States ($99.1M), France ($89.4M), Ireland ($61M), Germany ($58.9M), and Netherlands ($31M).

In 2022, United Kingdom imported $3.56B in Electric Batteries, mainly from China ($1.35B), Germany ($489M), Japan ($340M), United States ($229M), and South Korea ($197M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$18.9M (23.5%)
United Kingdom$12.3M (737%)
France$7.76M (9.51%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY United Kingdom WERE (2021 - 2022):
Spain-$38.1M (-55.7%)
Russia-$10.7M (-95.8%)
Netherlands-$8.91M (-22.3%)
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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 Electric Batteries were:
China $58.7B
South Korea $9.71B
Poland $9.55B
In 2022, United Kingdom's main importing competitors in Electric Batteries were:
United States $23.2B
Germany $20.3B
South Korea $6.08B

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Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $64M
TOP IMPORT POTENTIALChina+ $272M

Electric Batteries’s highest export potential is United States. With an export gap of $64M.   Electric Batteries’s highest import potential is China with an import gap of $272M.

See methodology.

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