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2022
Exports $2.99MWorld Rnk 36 / 152
Flag Rnk 1023 / 1216
2022
Destination $810k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $810kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Granite-1.39Rnk 929 / 1025
2022
Imports $96.3MWorld Rnk 3 / 197
Flag Rnk 599 / 1214
2022
Origin $1.4M India
2021 - 2022
FASTEST GROWING ORIGIN $1.4MUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $2.99M in Granite, making it the 36th largest exporter of Granite in the world. At the same year, Granite was the 1023rd most exported product in United Kingdom. The main destination of Granite exports from United Kingdom are: United Kingdom ($810k), Belgium ($704k), Ireland ($480k), Spain ($226k), and United States ($201k).

The fastest growing export markets for Granite of United Kingdom between 2021 and 2022 were United Kingdom ($810k), Belgium ($151k), and India ($113k).

Imports In 2022, United Kingdom imported $96.3M in Granite, becoming the 3rd largest importer of Granite in the world. At the same year, Granite was the 599th most imported product in United Kingdom. United Kingdom imports Granite primarily from: India ($50.3M), Norway ($23.1M), China ($7.23M), Spain ($5.88M), and Portugal ($2.45M).

The fastest growing import markets in Granite for United Kingdom between 2021 and 2022 were United Arab Emirates ($1.4M), Spain ($1.39M), and United Kingdom ($810k).

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

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Granite exports accounted up to £238k and imports accounted up to £11.1M, resulting in a negative trade balance of £10.9M. Between August 2023 and August 2024 the exports of United Kingdom's   Granite have increased by £118k (97.8%) from £120k to £238k, while imports decreased by £-1.03M (-8.47%) from £12.1M to £11.1M.

Destinations In August 2024, Granite were exported mostly to Ireland (£179k), Spain (£33k), Portugal (£12.5k), France (£4k), and India (£3.9k), and were imported mostly from Norway (£4.77M), India (£4.55M), China (£1.06M), Spain (£486k), and Portugal (£93.2k).

Growth In August 2024, the increase in Granite's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Granite's year-by-year imports was explained primarily by a decrease in imports from India (£-7.83M or -68.4%), Norway (£-808k or -16.2%), and China (£-516k or -56.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£118k(97.8%)
IMPORT GROWTH (August 2023 - August 2024)£-1.03M(-8.47%)
MAIN EXPORTER (August 2024)Southampton£339k
MAIN DESTINATION (August 2024)Ireland£179k

This section shows Granite'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 Granite over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.99M
IMPORTS (2022)$96.3M
NET TRADE (2022)-$93.3M

In 2022, United Kingdom exported $2.99M in Granite. The main destinations of United Kingdom exports on Granite were United Kingdom ($810k), Belgium ($704k), Ireland ($480k), Spain ($226k), and United States ($201k).

In 2022, United Kingdom imported $96.3M in Granite, mainly from India ($50.3M), Norway ($23.1M), China ($7.23M), Spain ($5.88M), and Portugal ($2.45M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Granite EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$810k (1%)
Belgium$151k (27.2%)
India$113k (1.98k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Granite BY United Kingdom WERE (2021 - 2022):
Ireland-$927k (-65.9%)
United States-$368k (-64.6%)
Netherlands-$158k (-86.9%)
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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 Granite were:
India $718M
Brazil $173M
Norway $131M
In 2022, United Kingdom's main importing competitors in Granite were:
China $720M
Italy $177M

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Trade Value of Granite by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $126k
TOP IMPORT POTENTIALBrazil+ $930k

Granite’s highest export potential is United States. With an export gap of $126k.   Granite’s highest import potential is Brazil with an import gap of $930k.

See methodology.

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