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2023
Exports $23.8MWorld Rnk 24 / 120
Flag Rnk 681 / 1216
2023
Destination $554k Sweden
2022 - 2023
FASTEST GROWING MARKET $554kJapan
2023
PRODUCT COMPLEXITY IN Flat-Rolled Stainless Steel1.5Rnk 46 / 1025
2023
Imports $155MWorld Rnk 12 / 201
Flag Rnk 498 / 1214
2023
Origin $4.77M Germany
2022 - 2023
FASTEST GROWING ORIGIN $4.77MSweden
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $23.8M in Flat-Rolled Stainless Steel, making it the 24th largest exporter of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 681st most exported product in United Kingdom. The main destination of Flat-Rolled Stainless Steel exports from United Kingdom are: Sweden ($4.97M), Canada ($3.01M), Ireland ($1.46M), Germany ($1.4M), and Netherlands ($887k).

The fastest growing export markets for Flat-Rolled Stainless Steel of United Kingdom between 2022 and 2023 were Japan ($554k), United Arab Emirates ($464k), and Qatar ($308k).

Imports In 2023, United Kingdom imported $155M in Flat-Rolled Stainless Steel, becoming the 12th largest importer of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 498th most imported product in United Kingdom. United Kingdom imports Flat-Rolled Stainless Steel primarily from: Germany ($41.9M), Sweden ($26.1M), Finland ($18.3M), France ($10.1M), and Italy ($9.16M).

The fastest growing import markets in Flat-Rolled Stainless Steel for United Kingdom between 2022 and 2023 were Sweden ($4.77M), Belgium ($1.16M), and Georgia ($383k).

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Flat-Rolled Stainless Steel exports accounted up to £1.57M and imports accounted up to £5.84M, resulting in a negative trade balance of £4.27M. Between December 2023 and December 2024 the exports of United Kingdom's   Flat-Rolled Stainless Steel have increased by £284k (22.2%) from £1.28M to £1.57M, while imports decreased by £-1.03M (-15%) from £6.87M to £5.84M.

Destinations In December 2024, Flat-Rolled Stainless Steel were exported mostly to Sweden (£341k), Ireland (£146k), Netherlands (£136k), United States (£106k), and Germany (£89.1k), and were imported mostly from Germany (£1.89M), France (£599k), Netherlands (£539k), Sweden (£495k), and China (£478k).

Growth In December 2024, the increase in Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by an increase in exports to Brazil (£767k or 2.92k%), Ireland (£169k or 1.09k%), and Germany (£106k or 48.1%). In December 2024, the decrease in Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by a decrease in imports from United States (£-2.31M or -87.3%), China (£-610k or -42%), and Belgium (£-492k or -57.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£284k(22.2%)
IMPORT GROWTH (December 2023 - December 2024)£-1.03M(-15%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Sweden£341k

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$23.8M
IMPORTS (2023)$155M
NET TRADE (2023)-$132M

In 2023, United Kingdom exported $23.8M in Flat-Rolled Stainless Steel. The main destinations of United Kingdom exports on Flat-Rolled Stainless Steel were Sweden ($4.97M), Canada ($3.01M), Ireland ($1.46M), Germany ($1.4M), and Netherlands ($887k).

In 2023, United Kingdom imported $155M in Flat-Rolled Stainless Steel, mainly from Germany ($41.9M), Sweden ($26.1M), Finland ($18.3M), France ($10.1M), and Italy ($9.16M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Stainless Steel EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Japan$554k (444%)
United Arab Emirates$464k (224%)
Qatar$308k (1.66k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Stainless Steel BY United Kingdom WERE (2022 - 2023):
Czechia-$1.54M (-64.1%)
Belgium-$992k (-58.1%)
Sweden-$603k (-10.8%)
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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 Flat-Rolled Stainless Steel were:
Germany $808M
United States $577M
Italy $541M
In 2023, United Kingdom's main importing competitors in Flat-Rolled Stainless Steel were:
Germany $786M
Italy $322M
Mexico $286M

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Trade Value of Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.82M
TOP IMPORT POTENTIALChina+ $7.81M

Flat-Rolled Stainless Steel’s highest export potential is Germany. With an export gap of $2.82M.   Flat-Rolled Stainless Steel’s highest import potential is China with an import gap of $7.81M.

See methodology.

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