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Pricing

2022
Exports $922MWorld Rnk 10 / 224
Flag Rnk 86 / 1216
2022
Destination $26M United States
2021 - 2022
FASTEST GROWING MARKET $26MUnited States
2022
PRODUCT COMPLEXITY IN Iron Fasteners1.68Rnk 27 / 1025
2022
Imports $1.51BWorld Rnk 7 / 225
Flag Rnk 89 / 1214
2022
Origin $85.6M China
2021 - 2022
FASTEST GROWING ORIGIN $85.6MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $922M in Iron Fasteners, making it the 10th largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 86th most exported product in United Kingdom. The main destination of Iron Fasteners exports from United Kingdom are: United States ($123M), Germany ($101M), France ($55.5M), Netherlands ($45.6M), and China ($44.3M).

The fastest growing export markets for Iron Fasteners of United Kingdom between 2021 and 2022 were United States ($26M), Saudi Arabia ($17.4M), and United Arab Emirates ($15.7M).

Imports In 2022, United Kingdom imported $1.51B in Iron Fasteners, becoming the 7th largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 89th most imported product in United Kingdom. United Kingdom imports Iron Fasteners primarily from: China ($342M), Germany ($242M), Chinese Taipei ($224M), United States ($136M), and Italy ($97.3M).

The fastest growing import markets in Iron Fasteners for United Kingdom between 2021 and 2022 were China ($85.6M), United States ($19.8M), and Poland ($13.4M).

COMPANIES In 2023, leading companies such as Amazon (3), StarTech (2), and Ford Motor Company (1) were at the forefront of shipping Iron Fasteners from United Kingdom to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Iron Fasteners exports accounted up to £76.4M and imports accounted up to £92M, resulting in a negative trade balance of £15.6M. Between September 2023 and September 2024 the exports of United Kingdom's   Iron Fasteners have increased by £4.13M (5.71%) from £72.3M to £76.4M, while imports decreased by £-9.34M (-9.22%) from £101M to £92M.

Destinations In September 2024, Iron Fasteners were exported mostly to United States (£11.9M), France (£7.51M), Germany (£7.17M), Netherlands (£3.66M), and China (£3.39M), and were imported mostly from China (£19.1M), Germany (£13.7M), United States (£10.9M), Chinese Taipei (£10.1M), and Italy (£5.57M).

Growth In September 2024, the increase in Iron Fasteners's year-by-year exports was explained primarily by an increase in exports to United States (£3.94M or 65.2%), Germany (£2.26M or 51.5%), and Singapore (£1.71M or 249%). In September 2024, the decrease in Iron Fasteners's year-by-year imports was explained primarily by a decrease in imports from China (£-6.49M or -27.5%), Chinese Taipei (£-5.93M or -30.9%), and South Korea (£-1.04M or -78.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£4.13M(5.71%)
IMPORT GROWTH (September 2023 - September 2024)£-9.34M(-9.22%)
MAIN EXPORTER (September 2024)Felixstowe£26.8M
MAIN DESTINATION (September 2024)United States£11.9M

This section shows Iron Fasteners'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 Fasteners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$922M
IMPORTS (2022)$1.51B
NET TRADE (2022)-$592M

In 2022, United Kingdom exported $922M in Iron Fasteners. The main destinations of United Kingdom exports on Iron Fasteners were United States ($123M), Germany ($101M), France ($55.5M), Netherlands ($45.6M), and China ($44.3M).

In 2022, United Kingdom imported $1.51B in Iron Fasteners, mainly from China ($342M), Germany ($242M), Chinese Taipei ($224M), United States ($136M), and Italy ($97.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$26M (26.7%)
Saudi Arabia$17.4M (151%)
United Arab Emirates$15.7M (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY United Kingdom WERE (2021 - 2022):
Germany-$30.5M (-23.2%)
Russia-$7.12M (-81%)
China-$4.52M (-9.26%)
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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 Iron Fasteners were:
China $12B
Germany $7.11B
Chinese Taipei $6.56B
In 2022, United Kingdom's main importing competitors in Iron Fasteners were:
United States $7.91B
Germany $4.86B
Mexico $2.97B

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $49.9M
TOP IMPORT POTENTIALGermany+ $75.1M

Iron Fasteners’s highest export potential is United States. With an export gap of $49.9M.   Iron Fasteners’s highest import potential is Germany with an import gap of $75.1M.

See methodology.

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