Electrical Power Accessories in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $404M in Electrical Power Accessories, making it the 22nd largest exporter of Electrical Power Accessories in the world. At the same year, Electrical Power Accessories was the 170th most exported product in United Kingdom. The main destination of Electrical Power Accessories exports from United Kingdom are: United States ($57.1M), United Kingdom ($34.6M), Germany ($33.7M), Spain ($20.1M), and Ireland ($18.9M).

The fastest growing export markets for Electrical Power Accessories of United Kingdom between 2021 and 2022 were United Kingdom ($15.4M), Spain ($12.3M), and Lithuania ($10.3M).

Imports In 2022, United Kingdom imported $712M 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 189th most imported product in United Kingdom. United Kingdom imports Electrical Power Accessories primarily from: Germany ($125M), China ($81.1M), United States ($67.9M), France ($48.1M), and India ($41.5M).

The fastest growing import markets in Electrical Power Accessories for United Kingdom between 2021 and 2022 were United Kingdom ($15.4M), United States ($12.9M), and Romania ($5.01M).

Latest Trends

February 2024

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Overview In February 2024 United Kingdom's Electrical Power Accessories exports accounted up to £25.1M and imports accounted up to £48.7M, resulting in a negative trade balance of £23.6M. Between February 2023 and February 2024 the exports of United Kingdom's Electrical Power Accessories have decreased by £-1.42M (-5.36%) from £26.5M to £25.1M, while imports increased by £38.6k (0.079%) from £48.7M to £48.7M.

Destinations In February 2024, Electrical Power Accessories were exported mostly to United States (£3.25M), Germany (£2.95M), France (£1.44M), Ireland (£1.42M), and United Arab Emirates (£1.37M), and were imported mostly from Germany (£8.27M), United States (£4.46M), France (£3.56M), China (£3.21M), and Italy (£2.89M).

Growth In February 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 February 2024, the increase in Electrical Power Accessories's year-by-year imports was explained primarily by an increase in imports from Germany (£2.63M or 44.1%), China (£1.57M or 38.4%), and United States (£1.53M or 39.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-1.42M(-5.36%)

IMPORT GROWTH (February 2023 - February 2024)£38.6k(0.079%)

MAIN EXPORTER (February 2024)East Midlands Airport£6.03M

MAIN DESTINATION (February 2024)United States£3.25M

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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