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2023
Exports $353MWorld Rnk 24 / 216
Flag Rnk 174 / 1216
2023
Destination $6.87M United States
2022 - 2023
FASTEST GROWING MARKET $6.87MGermany
2023
PRODUCT COMPLEXITY IN Electrical Power Accessories0.94Rnk 195 / 1025
2023
Imports $682MWorld Rnk 17 / 224
Flag Rnk 182 / 1214
2023
Origin $13M Germany
2022 - 2023
FASTEST GROWING ORIGIN $13MGermany
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $353M in Electrical Power Accessories, making it the 24th largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 174th most exported product in United Kingdom. The main destination of Electrical Power Accessories exports from United Kingdom are: United States ($50.7M), Germany ($43.7M), United Arab Emirates ($17.6M), France ($17.4M), and Saudi Arabia ($17.1M).

The fastest growing export markets for Electrical Power Accessories of United Kingdom between 2022 and 2023 were Germany ($6.87M), Saudi Arabia ($5.44M), and United States ($4.95M).

Imports In 2023, United Kingdom imported $682M in Electrical Power Accessories, becoming the 17th largest importer of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 182nd most imported product in United Kingdom. United Kingdom imports Electrical Power Accessories primarily from: Germany ($117M), China ($82M), United States ($78.9M), Italy ($41.7M), and India ($40.8M).

The fastest growing import markets in Electrical Power Accessories for United Kingdom between 2022 and 2023 were Germany ($13M), United States ($12.7M), and Italy ($7.64M).

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Electrical Power Accessories exports accounted up to £25.7M and imports accounted up to £47.2M, resulting in a negative trade balance of £21.6M. Between November 2023 and November 2024 the exports of United Kingdom's   Electrical Power Accessories have decreased by £-4.24M (-14.2%) from £29.9M to £25.7M, while imports decreased by £-2.48M (-4.99%) from £49.7M to £47.2M.

Destinations In November 2024, Electrical Power Accessories were exported mostly to United States (£5.17M), Germany (£3.42M), Italy (£1.99M), Spain (£1.25M), and France (£1.12M), and were imported mostly from Germany (£7.25M), United States (£4.62M), France (£4.41M), China (£3.7M), and Spain (£2.67M).

Growth In November 2024, the decrease in Electrical Power Accessories's year-by-year exports was explained primarily by a decrease in exports to Mexico (£-755k or -92.3%), Italy (£-461k or -38.4%), and United Arab Emirates (£-374k or -30.9%). In November 2024, the decrease in Electrical Power Accessories's year-by-year imports was explained primarily by a decrease in imports from South Africa (£-1.3M or -68.3%), Saudi Arabia (£-603k or -85.2%), and Canada (£-553k or -79.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-4.24M(-14.2%)
IMPORT GROWTH (November 2023 - November 2024)£-2.48M(-4.99%)
MAIN EXPORTER (November 2024)London Heathrow Airport£7.01M
MAIN DESTINATION (November 2024)United States£5.17M

This section shows Electrical Power Accessories'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 Electrical Power Accessories over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$353M
IMPORTS (2023)$682M
NET TRADE (2023)-$329M

In 2023, United Kingdom exported $353M in Electrical Power Accessories. The main destinations of United Kingdom exports on Electrical Power Accessories were United States ($50.7M), Germany ($43.7M), United Arab Emirates ($17.6M), France ($17.4M), and Saudi Arabia ($17.1M).

In 2023, United Kingdom imported $682M in Electrical Power Accessories, mainly from Germany ($117M), China ($82M), United States ($78.9M), Italy ($41.7M), and India ($40.8M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Power Accessories EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Germany$6.87M (18.7%)
Saudi Arabia$5.44M (46.9%)
United States$4.95M (10.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Power Accessories BY United Kingdom WERE (2022 - 2023):
Russia-$7.38M (-100%)
Ireland-$6.43M (-33.2%)
Italy-$1.93M (-17.7%)
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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 Electrical Power Accessories were:
Germany $7.23B
China $6.67B
United States $4.44B
In 2023, United Kingdom's main importing competitors in Electrical Power Accessories were:
Mexico $4.57B
United States $4.46B
Germany $3.3B

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Trade Value of Electrical Power Accessories by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $27M
TOP IMPORT POTENTIALGermany+ $51M

Electrical Power Accessories’s highest export potential is United States. With an export gap of $27M.   Electrical Power Accessories’s highest import potential is Germany with an import gap of $51M.

See methodology.

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