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2022
Exports $724MWorld Rnk 15 / 120
Flag Rnk 104 / 1216
2022
Destination $63M Netherlands
2021 - 2022
FASTEST GROWING MARKET $63MUnited States
2022
PRODUCT COMPLEXITY IN Flat Flat-Rolled Steel1.38Rnk 72 / 1025
2022
Imports $444MWorld Rnk 23 / 201
Flag Rnk 280 / 1214
2022
Origin $8.71M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $8.71MJapan
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $724M in Flat Flat-Rolled Steel, making it the 15th largest exporter of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 104th most exported product in United Kingdom. The main destination of Flat Flat-Rolled Steel exports from United Kingdom are: Netherlands ($182M), Belgium ($107M), Spain ($83.6M), United States ($79.5M), and France ($51.4M).

The fastest growing export markets for Flat Flat-Rolled Steel of United Kingdom between 2021 and 2022 were United States ($63M), Turkey ($26.3M), and Belgium ($22.3M).

Imports In 2022, United Kingdom imported $444M in Flat Flat-Rolled Steel, becoming the 23rd largest importer of Flat Flat-Rolled Steel in the world. At the same year, Flat Flat-Rolled Steel was the 280th most imported product in United Kingdom. United Kingdom imports Flat Flat-Rolled Steel primarily from: Belgium ($101M), France ($73.1M), Germany ($60.2M), Sweden ($58M), and Austria ($37M).

The fastest growing import markets in Flat Flat-Rolled Steel for United Kingdom between 2021 and 2022 were Japan ($8.71M), Sweden ($5.93M), and Austria ($4.98M).

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Flat Flat-Rolled Steel exports accounted up to £30.2M and imports accounted up to £34.2M, resulting in a negative trade balance of £4.09M. Between October 2023 and October 2024 the exports of United Kingdom's   Flat Flat-Rolled Steel have decreased by £-20.3M (-40.3%) from £50.5M to £30.2M, while imports decreased by £-6.19M (-15.3%) from £40.4M to £34.2M.

Destinations In October 2024, Flat Flat-Rolled Steel were exported mostly to Spain (£7.44M), Netherlands (£6.13M), Belgium (£5.98M), France (£3.1M), and Germany (£2.31M), and were imported mostly from France (£9.82M), Belgium (£5.45M), Netherlands (£5.14M), Austria (£4.53M), and Sweden (£4.52M).

Growth In October 2024, the decrease in Flat Flat-Rolled Steel's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-6.41M or -62.1%), Belgium (£-4.67M or -78.4%), and Turkey (£-2.49M or -58.6%). In October 2024, the decrease in Flat Flat-Rolled Steel's year-by-year imports was explained primarily by a decrease in imports from Belgium (£-10.6M or -74.1%), Austria (£-2.47M or -86.7%), and Germany (£-1.12M or -15.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£-20.3M(-40.3%)
IMPORT GROWTH (October 2023 - October 2024)£-6.19M(-15.3%)
MAIN EXPORTER (October 2024)Newport- Gwent£24.8M
MAIN DESTINATION (October 2024)Spain£7.44M

This section shows Flat Flat-Rolled Steel'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 Flat Flat-Rolled Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$724M
IMPORTS (2022)$444M
NET TRADE (2022)$279M

In 2022, United Kingdom exported $724M in Flat Flat-Rolled Steel. The main destinations of United Kingdom exports on Flat Flat-Rolled Steel were Netherlands ($182M), Belgium ($107M), Spain ($83.6M), United States ($79.5M), and France ($51.4M).

In 2022, United Kingdom imported $444M in Flat Flat-Rolled Steel, mainly from Belgium ($101M), France ($73.1M), Germany ($60.2M), Sweden ($58M), and Austria ($37M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat Flat-Rolled Steel EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$63M (383%)
Turkey$26.3M (335%)
Belgium$22.3M (26.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat Flat-Rolled Steel BY United Kingdom WERE (2021 - 2022):
Netherlands-$20M (-9.86%)
Canada-$9.17M (-59.8%)
Norway-$8.58M (-56.3%)
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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 Flat Flat-Rolled Steel were:
Japan $6.3B
China $5.89B
Germany $3.91B
In 2022, United Kingdom's main importing competitors in Flat Flat-Rolled Steel were:
Mexico $2.75B
Germany $2.58B
Italy $2.38B

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Trade Value of Flat Flat-Rolled Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $23.9M
TOP IMPORT POTENTIALGermany+ $29.8M

Flat Flat-Rolled Steel’s highest export potential is United States. With an export gap of $23.9M.   Flat Flat-Rolled Steel’s highest import potential is Germany with an import gap of $29.8M.

See methodology.

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