Hot-Rolled Iron Bars in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $315M in Hot-Rolled Iron Bars, making it the 24th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 197th most exported product in United Kingdom. The main destination of Hot-Rolled Iron Bars exports from United Kingdom are: Germany ($42.9M), Turkey ($32.2M), Sweden ($27.8M), Czechia ($27.6M), and Poland ($26.1M).

The fastest growing export markets for Hot-Rolled Iron Bars of United Kingdom between 2021 and 2022 were Poland ($15.7M), Turkey ($10.1M), and Czechia ($8.49M).

Imports In 2022, United Kingdom imported $255M in Hot-Rolled Iron Bars, becoming the 22nd largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 397th most imported product in United Kingdom. United Kingdom imports Hot-Rolled Iron Bars primarily from: Germany ($83.3M), Portugal ($70.6M), Turkey ($21.4M), Spain ($19.3M), and Czechia ($15.6M).

The fastest growing import markets in Hot-Rolled Iron Bars for United Kingdom between 2021 and 2022 were Portugal ($25.3M), Germany ($18.5M), and Spain ($13.6M).

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Hot-Rolled Iron Bars exports accounted up to £15.6M and imports accounted up to £9.55M, resulting in a positive trade balance of £6.06M. Between February 2023 and February 2024 the exports of United Kingdom's Hot-Rolled Iron Bars have decreased by £-9.29M (-37.3%) from £24.9M to £15.6M, while imports decreased by £-2.66M (-21.8%) from £12.2M to £9.55M.

Destinations In February 2024, Hot-Rolled Iron Bars were exported mostly to Turkey (£5.19M), Czechia (£1.5M), Belgium (£1.37M), Italy (£1.37M), and Sweden (£1.26M), and were imported mostly from Germany (£4.75M), Portugal (£3.16M), Poland (£697k), Italy (£328k), and France (£318k).

Growth In February 2024, the decrease in Hot-Rolled Iron Bars's year-by-year exports was explained primarily by a decrease in exports to Italy (£-3.66M or -66.7%), Czechia (£-1.16M or -54.2%), and Ireland (£-1.1M or -46.1%). In February 2024, the decrease in Hot-Rolled Iron Bars's year-by-year imports was explained primarily by a decrease in imports from Germany (£-8.53M or -72.9%), Spain (£-5.26M or -97.9%), and Italy (£-1.77M or -70.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-9.29M(-37.3%)

IMPORT GROWTH (February 2023 - February 2024)£-2.66M(-21.8%)

MAIN EXPORTER (February 2024)Felixstowe£5.81M

MAIN DESTINATION (February 2024)Turkey£5.19M

This section shows Hot-Rolled Iron Bars'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 Hot-Rolled Iron Bars over time.

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