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Pricing

2023
Exports $52.7MWorld Rnk 30 / 152
Flag Rnk 502 / 1216
2023
Destination $6.5M Brazil
2022 - 2023
FASTEST GROWING MARKET $6.5MBrazil
2023
PRODUCT COMPLEXITY IN Iron Wire-0.29Rnk 643 / 1025
2023
Imports $190MWorld Rnk 10 / 215
Flag Rnk 442 / 1214
2023
Origin $6.29M Spain
2022 - 2023
FASTEST GROWING ORIGIN $6.29MAustria
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $52.7M in Iron Wire, making it the 30th largest exporter of Iron Wire in the world. At the same year, Iron Wire was the 502nd most exported product in United Kingdom. The main destination of Iron Wire exports from United Kingdom are: Brazil ($31.5M), United States ($4.3M), Denmark ($3.34M), Ireland ($2.82M), and Slovakia ($2.68M).

The fastest growing export markets for Iron Wire of United Kingdom between 2022 and 2023 were Brazil ($6.5M), Czechia ($716k), and Slovakia ($605k).

Imports In 2023, United Kingdom imported $190M in Iron Wire, becoming the 10th largest importer of Iron Wire in the world. At the same year, Iron Wire was the 442nd most imported product in United Kingdom. United Kingdom imports Iron Wire primarily from: Spain ($24.2M), China ($16.4M), Czechia ($13.2M), United States ($12.7M), and Luxembourg ($12.6M).

The fastest growing import markets in Iron Wire for United Kingdom between 2022 and 2023 were Austria ($6.29M), India ($5.38M), and Belgium ($2.7M).

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Iron Wire exports accounted up to £1.31M and imports accounted up to £7.93M, resulting in a negative trade balance of £6.62M. Between December 2023 and December 2024 the exports of United Kingdom's   Iron Wire have decreased by £-862k (-39.8%) from £2.17M to £1.31M, while imports decreased by £-297k (-3.61%) from £8.22M to £7.93M.

Destinations In December 2024, Iron Wire were exported mostly to Brazil (£416k), United States (£324k), Canada (£156k), Ireland (£99.6k), and Denmark (£63k), and were imported mostly from Spain (£1.33M), Netherlands (£1.25M), Austria (£922k), China (£722k), and Germany (£664k).

Growth In December 2024, the decrease in Iron Wire's year-by-year exports was explained primarily by a decrease in exports to Brazil (£-1.02M or -50.5%), Germany (£-403k or -76.6%), and Ireland (£-148k or -59.9%). In December 2024, the decrease in Iron Wire's year-by-year imports was explained primarily by a decrease in imports from Spain (£-877k or -46%), China (£-696k or -57.3%), and Germany (£-692k or -50.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£-862k(-39.8%)
IMPORT GROWTH (December 2023 - December 2024)£-297k(-3.61%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Brazil£416k

This section shows Iron Wire'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 Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$52.7M
IMPORTS (2023)$190M
NET TRADE (2023)-$137M

In 2023, United Kingdom exported $52.7M in Iron Wire. The main destinations of United Kingdom exports on Iron Wire were Brazil ($31.5M), United States ($4.3M), Denmark ($3.34M), Ireland ($2.82M), and Slovakia ($2.68M).

In 2023, United Kingdom imported $190M in Iron Wire, mainly from Spain ($24.2M), China ($16.4M), Czechia ($13.2M), United States ($12.7M), and Luxembourg ($12.6M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Wire EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Brazil$6.5M (26.1%)
Czechia$716k (1.1k%)
Slovakia$605k (29.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Wire BY United Kingdom WERE (2022 - 2023):
France-$1.61M (-89.8%)
Netherlands-$1.53M (-59.5%)
Germany-$707k (-41.7%)
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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 Wire were:
China $1.86B
Italy $581M
Germany $489M
In 2023, United Kingdom's main importing competitors in Iron Wire were:
United States $667M
Germany $461M
France $380M

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Trade Value of Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.16M
TOP IMPORT POTENTIALChina+ $16.6M

Iron Wire’s highest export potential is Germany. With an export gap of $3.16M.   Iron Wire’s highest import potential is China with an import gap of $16.6M.

See methodology.

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