Electromagnets in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $167M in Electromagnets, making it the 10th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 304th most exported product in United Kingdom. The main destination of Electromagnets exports from United Kingdom are: United States ($28.8M), Germany ($24.5M), China ($16.2M), Singapore ($15.3M), and Philippines ($7.88M).

The fastest growing export markets for Electromagnets of United Kingdom between 2021 and 2022 were China ($9.55M), United States ($5.14M), and Singapore ($3.62M).

Imports In 2022, United Kingdom imported $182M in Electromagnets, becoming the 21st largest importer of Electromagnets in the world. At the same year, Electromagnets was the 464th most imported product in United Kingdom. United Kingdom imports Electromagnets primarily from: China ($88.1M), Germany ($25.2M), United States ($14.4M), Italy ($8.71M), and France ($7.14M).

The fastest growing import markets in Electromagnets for United Kingdom between 2021 and 2022 were China ($21.8M), Italy ($6.86M), and United States ($1.46M).

COMPANIES In 2023, leading companies such as GOLDEN STATE FC LLC (1) were at the forefront of shipping Electromagnets from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Electromagnets exports accounted up to £12.1M and imports accounted up to £9.89M, resulting in a positive trade balance of £2.18M. Between February 2023 and February 2024 the exports of United Kingdom's Electromagnets have increased by £2.86M (31%) from £9.21M to £12.1M, while imports decreased by £-2.56M (-20.6%) from £12.4M to £9.89M.

Destinations In February 2024, Electromagnets were exported mostly to United States (£2.32M), Germany (£1.39M), France (£1.22M), Singapore (£884k), and Belgium (£761k), and were imported mostly from China (£4.16M), Germany (£1.41M), France (£716k), Italy (£697k), and United States (£651k).

Growth In February 2024, the increase in Electromagnets's year-by-year exports was explained primarily by an increase in exports to Brazil (£1.11M or 5.03k%), United States (£760k or 58.8%), and Spain (£561k or 2.56k%). In February 2024, the decrease in Electromagnets's year-by-year imports was explained primarily by a decrease in imports from China (£-1.96M or -26.5%), Hong Kong (£-964k or -91.2%), and Malaysia (£-144k or -90.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£2.86M(31%)

IMPORT GROWTH (February 2023 - February 2024)£-2.56M(-20.6%)

MAIN EXPORTER (February 2024)London Heathrow Airport£4.82M

MAIN DESTINATION (February 2024)United States£2.32M

This section shows Electromagnets'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 Electromagnets over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$167M

IMPORTS (2022)$182M

NET TRADE (2022)-$14.8M

In 2022, United Kingdom exported $167M in Electromagnets. The main destinations of United Kingdom exports on Electromagnets were United States ($28.8M), Germany ($24.5M), China ($16.2M), Singapore ($15.3M), and Philippines ($7.88M).

In 2022, United Kingdom imported $182M in Electromagnets, mainly from China ($88.1M), Germany ($25.2M), United States ($14.4M), Italy ($8.71M), and France ($7.14M).

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