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2022
Exports $194MWorld Rnk 6 / 213
Flag Rnk 279 / 1216
2022
Destination $20M United States
2021 - 2022
FASTEST GROWING MARKET $20MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Gaskets1.44Rnk 64 / 1025
2022
Imports $158MWorld Rnk 7 / 220
Flag Rnk 500 / 1214
2022
Origin $20M Germany
2021 - 2022
FASTEST GROWING ORIGIN $20MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $194M in Gaskets, making it the 6th largest exporter of Gaskets in the world. At the same year, Gaskets was the 279th most exported product in United Kingdom. The main destination of Gaskets exports from United Kingdom are: United States ($25.9M), United Kingdom ($21.4M), France ($11.3M), Germany ($10.3M), and South Korea ($8.34M).

The fastest growing export markets for Gaskets of United Kingdom between 2021 and 2022 were United Kingdom ($20M), South Korea ($5.59M), and United States ($2.62M).

Imports In 2022, United Kingdom imported $158M in Gaskets, becoming the 7th largest importer of Gaskets in the world. At the same year, Gaskets was the 500th most imported product in United Kingdom. United Kingdom imports Gaskets primarily from: Germany ($37.8M), United States ($25.2M), United Kingdom ($21.4M), China ($13.8M), and India ($9.47M).

The fastest growing import markets in Gaskets for United Kingdom between 2021 and 2022 were United Kingdom ($20M), United States ($4.09M), and India ($3.13M).

COMPANIES In 2023, leading companies such as Parker (13) and Amazon (1) were at the forefront of shipping Gaskets from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Gaskets exports accounted up to £27.7M and imports accounted up to £17.7M, resulting in a positive trade balance of £10M. Between August 2023 and August 2024 the exports of United Kingdom's   Gaskets have decreased by £-3.21M (-10.4%) from £30.9M to £27.7M, while imports decreased by £-1.94M (-9.87%) from £19.6M to £17.7M.

Destinations In August 2024, Gaskets were exported mostly to United States (£4M), Canada (£1.83M), Germany (£1.74M), India (£1.41M), and France (£1.07M), and were imported mostly from Germany (£4.3M), United States (£2.49M), France (£2.25M), China (£1.15M), and Italy (£1.13M).

Growth In August 2024, the decrease in Gaskets's year-by-year exports was explained primarily by a decrease in exports to South Africa (£-661k or -71.4%), Qatar (£-495k or -56.6%), and Hong Kong (£-490k or -72.6%). In August 2024, the decrease in Gaskets's year-by-year imports was explained primarily by a decrease in imports from China (£-893k or -39.7%), France (£-262k or -30.4%), and Czechia (£-142k or -11.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-3.21M(-10.4%)
IMPORT GROWTH (August 2023 - August 2024)£-1.94M(-9.87%)
MAIN EXPORTER (August 2024)Dover Eurotunnel£15.5M
MAIN DESTINATION (August 2024)United States£4M

This section shows Gaskets'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 Gaskets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$194M
IMPORTS (2022)$158M
NET TRADE (2022)$36.3M

In 2022, United Kingdom exported $194M in Gaskets. The main destinations of United Kingdom exports on Gaskets were United States ($25.9M), United Kingdom ($21.4M), France ($11.3M), Germany ($10.3M), and South Korea ($8.34M).

In 2022, United Kingdom imported $158M in Gaskets, mainly from Germany ($37.8M), United States ($25.2M), United Kingdom ($21.4M), China ($13.8M), and India ($9.47M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$20M (1.43k%)
South Korea$5.59M (203%)
United States$2.62M (11.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY United Kingdom WERE (2021 - 2022):
Germany-$14.2M (-58%)
Brazil-$2.49M (-44.7%)
China-$1.95M (-24.8%)
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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 Gaskets were:
Germany $824M
United States $757M
China $527M
In 2022, United Kingdom's main importing competitors in Gaskets were:
United States $579M
China $299M
Germany $282M

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $10.2M
TOP IMPORT POTENTIALGermany+ $12.1M

Gaskets’s highest export potential is Germany. With an export gap of $10.2M.   Gaskets’s highest import potential is Germany with an import gap of $12.1M.

See methodology.

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