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2022
Exports $1.48BWorld Rnk 25 / 222
Flag Rnk 51 / 1216
2022
Destination $21.4M United States
2021 - 2022
FASTEST GROWING MARKET $21.4MGermany
2022
PRODUCT COMPLEXITY IN Insulated Wire-0.59Rnk 723 / 1025
2022
Imports $5.22BWorld Rnk 7 / 225
Flag Rnk 18 / 1214
2022
Origin $157M Turkey
2021 - 2022
FASTEST GROWING ORIGIN $157MMorocco
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $1.48B in Insulated Wire, making it the 25th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 51st most exported product in United Kingdom. The main destination of Insulated Wire exports from United Kingdom are: United States ($169M), Germany ($150M), Ireland ($141M), Netherlands ($102M), and France ($80.2M).

The fastest growing export markets for Insulated Wire of United Kingdom between 2021 and 2022 were Germany ($21.4M), France ($12.1M), and Norway ($12.1M).

Imports In 2022, United Kingdom imported $5.22B in Insulated Wire, becoming the 7th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 18th most imported product in United Kingdom. United Kingdom imports Insulated Wire primarily from: Turkey ($751M), China ($672M), Egypt ($429M), Germany ($388M), and Morocco ($375M).

The fastest growing import markets in Insulated Wire for United Kingdom between 2021 and 2022 were Morocco ($157M), Sweden ($136M), and India ($60.6M).

COMPANIES In 2023, leading companies such as StarTech (11), GE RENEWABLES NORTH AMERICA LLC (1), and Pernod Ricard (1) were at the forefront of shipping Insulated Wire from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Insulated Wire exports accounted up to £130M and imports accounted up to £400M, resulting in a negative trade balance of £270M. Between June 2023 and June 2024 the exports of United Kingdom's   Insulated Wire have decreased by £-5.18M (-3.83%) from £135M to £130M, while imports increased by £34.9M (9.57%) from £365M to £400M.

Destinations In June 2024, Insulated Wire were exported mostly to Germany (£24.3M), United States (£11.1M), Netherlands (£9.63M), Hong Kong (£7.76M), and Ireland (£7.72M), and were imported mostly from Turkey (£56.3M), China (£43.3M), Morocco (£35.7M), Egypt (£35.4M), and Germany (£24.4M).

Growth In June 2024, the decrease in Insulated Wire's year-by-year exports was explained primarily by a decrease in exports to China (£-3.09M or -67.2%), Hong Kong (£-1.96M or -41.2%), and South Africa (£-1.85M or -93.3%). In June 2024, the increase in Insulated Wire's year-by-year imports was explained primarily by an increase in imports from United States (£11.1M or 94.7%), Morocco (£9.42M or 45.5%), and Turkey (£6.79M or 12.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-5.18M(-3.83%)
IMPORT GROWTH (June 2023 - June 2024)£34.9M(9.57%)
MAIN EXPORTER (June 2024)Dover Eurotunnel£31.9M
MAIN DESTINATION (June 2024)Germany£24.3M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.48B
IMPORTS (2022)$5.22B
NET TRADE (2022)-$3.74B

In 2022, United Kingdom exported $1.48B in Insulated Wire. The main destinations of United Kingdom exports on Insulated Wire were United States ($169M), Germany ($150M), Ireland ($141M), Netherlands ($102M), and France ($80.2M).

In 2022, United Kingdom imported $5.22B in Insulated Wire, mainly from Turkey ($751M), China ($672M), Egypt ($429M), Germany ($388M), and Morocco ($375M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Germany$21.4M (16.6%)
France$12.1M (17.8%)
Norway$12.1M (20.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY United Kingdom WERE (2021 - 2022):
United States-$39.8M (-19.1%)
Hong Kong-$31.7M (-33.2%)
Malaysia-$19.6M (-73.6%)
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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 Insulated Wire were:
China $33.9B
Mexico $16.6B
United States $11B
In 2022, United Kingdom's main importing competitors in Insulated Wire were:
United States $29.8B
Germany $15.4B
Mexico $8.28B

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $115M
TOP IMPORT POTENTIALChina+ $279M

Insulated Wire’s highest export potential is United States. With an export gap of $115M.   Insulated Wire’s highest import potential is China with an import gap of $279M.

See methodology.

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