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2022
Exports $19MWorld Rnk 31 / 171
Flag Rnk 747 / 1216
2022
Destination $3.87M Italy
2021 - 2022
FASTEST GROWING MARKET $3.87MItaly
2022
PRODUCT COMPLEXITY IN Iron Nails-0.5Rnk 699 / 1025
2022
Imports $138MWorld Rnk 4 / 220
Flag Rnk 524 / 1214
2022
Origin $4.12M China
2021 - 2022
FASTEST GROWING ORIGIN $4.12MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $19M in Iron Nails, making it the 31st largest exporter of Iron Nails in the world. At the same year, Iron Nails was the 747th most exported product in United Kingdom. The main destination of Iron Nails exports from United Kingdom are: Italy ($7.67M), Ireland ($5.01M), United States ($1.51M), Germany ($618k), and Netherlands ($521k).

The fastest growing export markets for Iron Nails of United Kingdom between 2021 and 2022 were Italy ($3.87M), United States ($302k), and India ($269k).

Imports In 2022, United Kingdom imported $138M in Iron Nails, becoming the 4th largest importer of Iron Nails in the world. At the same year, Iron Nails was the 524th most imported product in United Kingdom. United Kingdom imports Iron Nails primarily from: China ($56.7M), Denmark ($16.9M), Netherlands ($8.54M), Lithuania ($7.53M), and Germany ($5.67M).

The fastest growing import markets in Iron Nails for United Kingdom between 2021 and 2022 were China ($4.12M), Denmark ($2.56M), and Lithuania ($1.69M).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Iron Nails exports accounted up to £893k and imports accounted up to £7.85M, resulting in a negative trade balance of £6.96M. Between September 2023 and September 2024 the exports of United Kingdom's   Iron Nails have decreased by £-213k (-19.3%) from £1.11M to £893k, while imports increased by £502k (6.84%) from £7.35M to £7.85M.

Destinations In September 2024, Iron Nails were exported mostly to Ireland (£544k), Netherlands (£79.1k), Italy (£66.8k), Cuba (£40.3k), and Germany (£31.1k), and were imported mostly from China (£2.8M), Denmark (£1.13M), Netherlands (£812k), Austria (£556k), and France (£518k).

Growth In September 2024, the decrease in Iron Nails's year-by-year exports was explained primarily by a decrease in exports to Australia (£-24.8k or -80.4%), France (£-20.6k or -60.9%), and Germany (£-11.9k or -53.2%). In September 2024, the increase in Iron Nails's year-by-year imports was explained primarily by an increase in imports from Netherlands (£177k or 30.7%), Canada (£99k or 99.4%), and Chinese Taipei (£90.2k or 62.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£-213k(-19.3%)
IMPORT GROWTH (September 2023 - September 2024)£502k(6.84%)
MAIN EXPORTER (September 2024)Holyhead£622k
MAIN DESTINATION (September 2024)Ireland£544k

This section shows Iron Nails'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 Nails over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19M
IMPORTS (2022)$138M
NET TRADE (2022)-$119M

In 2022, United Kingdom exported $19M in Iron Nails. The main destinations of United Kingdom exports on Iron Nails were Italy ($7.67M), Ireland ($5.01M), United States ($1.51M), Germany ($618k), and Netherlands ($521k).

In 2022, United Kingdom imported $138M in Iron Nails, mainly from China ($56.7M), Denmark ($16.9M), Netherlands ($8.54M), Lithuania ($7.53M), and Germany ($5.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Nails EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Italy$3.87M (102%)
United States$302k (25.1%)
India$269k (542%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Nails BY United Kingdom WERE (2021 - 2022):
Netherlands-$744k (-58.8%)
Brazil-$213k (-52.1%)
China-$100k (-67.8%)
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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 Nails were:
China $2B
Oman $241M
Poland $149M
In 2022, United Kingdom's main importing competitors in Iron Nails were:
United States $1.65B
Canada $173M
Germany $162M

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Trade Value of Iron Nails by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.81M
TOP IMPORT POTENTIALChina+ $2.93M

Iron Nails’s highest export potential is United States. With an export gap of $1.81M.   Iron Nails’s highest import potential is China with an import gap of $2.93M.

See methodology.

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