Iron or steel articles in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $6.12B in Iron or steel articles, making it the 18th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 13th most exported product in United Kingdom. The main destination of Iron or steel articles exports from United Kingdom are: Ireland ($593M), United States ($592M), Germany ($589M), France ($448M), and Netherlands ($347M).

The fastest growing export markets for Iron or steel articles of United Kingdom between 2021 and 2022 were United Kingdom ($75.7M), United States ($45.1M), and Turkey ($38.4M).

Imports In 2022, United Kingdom imported $11B in Iron or steel articles, becoming the 6th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 12th most imported product in United Kingdom. United Kingdom imports Iron or steel articles primarily from: China ($2.44B), Germany ($1.28B), Italy ($745M), Turkey ($712M), and United States ($483M).

The fastest growing import markets in Iron or steel articles for United Kingdom between 2021 and 2022 were Italy ($90.2M), United Kingdom ($75.7M), and United States ($59.4M).

COMPANIES In 2023, leading companies such as SIGMA CORPORATION (728), AMAZON SERVICES LLC (696), and PARKER EUROPE OCEAN (54) were at the forefront of shipping Iron or steel articles from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Iron or steel articles exports accounted up to £430M and imports accounted up to £690M, resulting in a negative trade balance of £260M. Between January 2023 and January 2024 the exports of United Kingdom's Iron or steel articles have increased by £10.3M (2.46%) from £420M to £430M, while imports increased by £16.7M (2.48%) from £673M to £690M.

Destinations In January 2024, Iron or steel articles were exported mostly to Ireland (£44.5M), Germany (£39.7M), United States (£38.8M), Belgium (£38M), and France (£28.1M), and were imported mostly from China (£144M), Germany (£65.7M), Turkey (£55.9M), United Arab Emirates (£54.6M), and Italy (£42.3M).

Growth In January 2024, the increase in Iron or steel articles's year-by-year exports was explained primarily by an increase in exports to Germany (£22.7M or 88%), Ireland (£16.6M or 54.9%), and France (£14.3M or 87.9%). In January 2024, the increase in Iron or steel articles's year-by-year imports was explained primarily by an increase in imports from Denmark (£28.6M or 391%), Italy (£10.6M or 31.4%), and Japan (£9.39M or 127%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£10.3M(2.46%)

IMPORT GROWTH (January 2023 - January 2024)£16.7M(2.48%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£96.7M

MAIN DESTINATION (January 2024)Ireland£44.5M

This section shows Iron or steel articles'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 or steel articles over time.

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