Iron Nails in United Kingdom | The Observatory of Economic Complexity

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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

February 2024

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Overview In February 2024 United Kingdom's Iron Nails exports accounted up to £815k and imports accounted up to £6.83M, resulting in a negative trade balance of £6.02M. Between February 2023 and February 2024 the exports of United Kingdom's Iron Nails have decreased by £-395k (-32.7%) from £1.21M to £815k, while imports decreased by £-1.61M (-19.1%) from £8.45M to £6.83M.

Destinations In February 2024, Iron Nails were exported mostly to Ireland (£474k), Netherlands (£49.7k), Argentina (£49.3k), France (£48.9k), and Germany (£39.7k), and were imported mostly from China (£2.38M), Denmark (£1.11M), Netherlands (£585k), Austria (£473k), and India (£404k).

Growth In February 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 February 2024, the decrease in Iron Nails's year-by-year imports was explained primarily by a decrease in imports from China (£-4.05M or -65.2%), Denmark (£-297k or -17.7%), and Lithuania (£-236k or -43.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-395k(-32.7%)

IMPORT GROWTH (February 2023 - February 2024)£-1.61M(-19.1%)

MAIN EXPORTER (February 2024)Holyhead£401k

MAIN DESTINATION (February 2024)Ireland£474k

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

Trade Value

Growth

Growth (%)

Year

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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