Labels in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $12.1M in Labels, making it the 14th largest exporter of Labels in the world. At the same year, Labels was the 822nd most exported product in United Kingdom. The main destination of Labels exports from United Kingdom are: France ($1.37M), Tunisia ($1.25M), Portugal ($1.12M), Germany ($677k), and Italy ($640k).

The fastest growing export markets for Labels of United Kingdom between 2021 and 2022 were Italy ($271k), China ($221k), and United States ($169k).

Imports In 2022, United Kingdom imported $15.3M in Labels, becoming the 20th largest importer of Labels in the world. At the same year, Labels was the 955th most imported product in United Kingdom. United Kingdom imports Labels primarily from: China ($3.66M), Turkey ($2.79M), Italy ($2.22M), Hong Kong ($1.12M), and Bulgaria ($761k).

The fastest growing import markets in Labels for United Kingdom between 2021 and 2022 were Hong Kong ($264k), China ($245k), and Italy ($191k).

Latest Trends

June 2024

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Overview In June 2024 United Kingdom's Labels exports accounted up to £925k and imports accounted up to £989k, resulting in a negative trade balance of £64.2k. Between June 2023 and June 2024 the exports of United Kingdom's Labels have increased by £120k (14.9%) from £805k to £925k, while imports decreased by £-111k (-10.1%) from £1.1M to £989k.

Destinations In June 2024, Labels were exported mostly to China (£211k), Morocco (£75.6k), Ireland (£75.4k), Japan (£72k), and France (£53.9k), and were imported mostly from Hong Kong (£139k), China (£131k), Italy (£130k), Bulgaria (£90.8k), and Turkey (£89.7k).

Growth In June 2024, the increase in Labels's year-by-year exports was explained primarily by an increase in exports to France (£118k or 83.4%), Turkey (£23.8k or 331%), and Germany (£22.6k or 74.8%). In June 2024, the decrease in Labels's year-by-year imports was explained primarily by a decrease in imports from Bulgaria (£-53.8k or -56.3%), Germany (£-5.56k or -30.9%), and South Africa (£-279 or -17.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)£120k(14.9%)

IMPORT GROWTH (June 2023 - June 2024)£-111k(-10.1%)

MAIN EXPORTER (June 2024)London Heathrow Airport£6.93M

MAIN DESTINATION (June 2024)China£211k

This section shows Labels'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 Labels over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$12.1M

IMPORTS (2022)$15.3M

NET TRADE (2022)-$3.18M

In 2022, United Kingdom exported $12.1M in Labels. The main destinations of United Kingdom exports on Labels were France ($1.37M), Tunisia ($1.25M), Portugal ($1.12M), Germany ($677k), and Italy ($640k).

In 2022, United Kingdom imported $15.3M in Labels, mainly from China ($3.66M), Turkey ($2.79M), Italy ($2.22M), Hong Kong ($1.12M), and Bulgaria ($761k).

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