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2023
Exports $359MWorld Rnk 14 / 164
Flag Rnk 169 / 1216
2023
Destination $41.6M Turkey
2022 - 2023
FASTEST GROWING MARKET $41.6MTurkey
2023
PRODUCT COMPLEXITY IN Iron Blocks-0.47Rnk 688 / 1025
2023
Imports $523MWorld Rnk 7 / 220
Flag Rnk 235 / 1214
2023
Origin $26.6M Spain
2022 - 2023
FASTEST GROWING ORIGIN $26.6MLuxembourg
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $359M in Iron Blocks, making it the 14th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 169th most exported product in United Kingdom. The main destination of Iron Blocks exports from United Kingdom are: Turkey ($98.8M), United States ($51.6M), Ireland ($45.3M), Canada ($42.3M), and Netherlands ($32.4M).

The fastest growing export markets for Iron Blocks of United Kingdom between 2022 and 2023 were Turkey ($41.6M), United States ($35.1M), and Netherlands ($15.5M).

Imports In 2023, United Kingdom imported $523M in Iron Blocks, becoming the 7th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 235th most imported product in United Kingdom. United Kingdom imports Iron Blocks primarily from: Spain ($265M), Luxembourg ($58.3M), Turkey ($54.9M), Germany ($37.9M), and Ireland ($21.8M).

The fastest growing import markets in Iron Blocks for United Kingdom between 2022 and 2023 were Luxembourg ($26.6M), United Arab Emirates ($5.77M), and Belgium ($5.15M).

COMPANIES In 2024, leading companies such as Busa Distribution Center (1) were at the forefront of shipping Iron Blocks from United Kingdom to the United States.

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Iron Blocks exports accounted up to £16.2M and imports accounted up to £41.2M, resulting in a negative trade balance of £25M. Between December 2023 and December 2024 the exports of United Kingdom's   Iron Blocks have increased by £1.44M (9.76%) from £14.7M to £16.2M, while imports decreased by £-308k (-0.74%) from £41.5M to £41.2M.

Destinations In December 2024, Iron Blocks were exported mostly to United States (£8.39M), Ireland (£4.15M), Germany (£653k), South Korea (£546k), and Netherlands (£409k), and were imported mostly from Spain (£18.4M), Germany (£5.55M), Luxembourg (£5.33M), South Korea (£3.14M), and Netherlands (£2.89M).

Growth In December 2024, the increase in Iron Blocks's year-by-year exports was explained primarily by an increase in exports to Italy (£230k or 144%), Spain (£117k or 91.9%), and Norway (£88.8k or 304%). In December 2024, the decrease in Iron Blocks's year-by-year imports was explained primarily by a decrease in imports from Turkey (£-7.73M or -62.6%), Germany (£-3.17M or -40%), and Italy (£-1.88M or -87.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£1.44M(9.76%)
IMPORT GROWTH (December 2023 - December 2024)£-308k(-0.74%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States£8.39M

This section shows Iron Blocks'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 Iron Blocks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$359M
IMPORTS (2023)$523M
NET TRADE (2023)-$164M

In 2023, United Kingdom exported $359M in Iron Blocks. The main destinations of United Kingdom exports on Iron Blocks were Turkey ($98.8M), United States ($51.6M), Ireland ($45.3M), Canada ($42.3M), and Netherlands ($32.4M).

In 2023, United Kingdom imported $523M in Iron Blocks, mainly from Spain ($265M), Luxembourg ($58.3M), Turkey ($54.9M), Germany ($37.9M), and Ireland ($21.8M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Turkey$41.6M (72.8%)
United States$35.1M (212%)
Netherlands$15.5M (91.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY United Kingdom WERE (2022 - 2023):
Ireland-$30.3M (-40.1%)
Canada-$29.1M (-40.7%)
Germany-$6.18M (-32.3%)
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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 Iron Blocks were:
China $2.69B
Spain $1.83B
Germany $1.64B
In 2023, United Kingdom's main importing competitors in Iron Blocks were:
United States $1.11B
Germany $1.02B
France $974M

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $13.7M
TOP IMPORT POTENTIALGermany+ $17.1M

Iron Blocks’s highest export potential is Germany. With an export gap of $13.7M.   Iron Blocks’s highest import potential is Germany with an import gap of $17.1M.

See methodology.

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