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2022
Exports $55.5MWorld Rnk 33 / 128
Flag Rnk 518 / 1216
2022
Destination $4.14M Ireland
2021 - 2022
FASTEST GROWING MARKET $4.14MIreland
2022
PRODUCT COMPLEXITY IN Large Flat-Rolled Stainless Steel1.05Rnk 151 / 1025
2022
Imports $588MWorld Rnk 22 / 208
Flag Rnk 219 / 1214
2022
Origin $30M Spain
2021 - 2022
FASTEST GROWING ORIGIN $30MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $55.5M in Large Flat-Rolled Stainless Steel, making it the 33rd largest exporter of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 518th most exported product in United Kingdom. The main destination of Large Flat-Rolled Stainless Steel exports from United Kingdom are: Ireland ($15.5M), Germany ($10.7M), Spain ($3.2M), Canada ($2.63M), and United States ($2.29M).

The fastest growing export markets for Large Flat-Rolled Stainless Steel of United Kingdom between 2021 and 2022 were Ireland ($4.14M), Germany ($2.92M), and United States ($1.41M).

Imports In 2022, United Kingdom imported $588M in Large Flat-Rolled Stainless Steel, becoming the 22nd largest importer of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 219th most imported product in United Kingdom. United Kingdom imports Large Flat-Rolled Stainless Steel primarily from: Spain ($116M), Belgium ($77.5M), Sweden ($67M), China ($62.2M), and Finland ($51.1M).

The fastest growing import markets in Large Flat-Rolled Stainless Steel for United Kingdom between 2021 and 2022 were China ($30M), Finland ($11.1M), and Spain ($9.9M).

COMPANIES In 2023, leading companies such as Amazon (1) and J.C. Bamford (1) were at the forefront of shipping Large Flat-Rolled Stainless Steel from United Kingdom to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Large Flat-Rolled Stainless Steel exports accounted up to £4.62M and imports accounted up to £36.3M, resulting in a negative trade balance of £31.6M. Between September 2023 and September 2024 the exports of United Kingdom's   Large Flat-Rolled Stainless Steel have increased by £2.12M (84.5%) from £2.51M to £4.62M, while imports increased by £3.48M (10.6%) from £32.8M to £36.3M.

Destinations In September 2024, Large Flat-Rolled Stainless Steel were exported mostly to Ireland (£1.02M), Nigeria (£803k), Germany (£600k), Spain (£322k), and Italy (£313k), and were imported mostly from Belgium (£6.91M), Spain (£5.74M), Netherlands (£5.67M), Sweden (£3.89M), and China (£3.53M).

Growth In September 2024, the increase in Large Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by an increase in exports to Spain (£387k or 1.33k%), France (£288k or 291%), and Netherlands (£264k or 146%). In September 2024, the increase in Large Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by an increase in imports from Spain (£3.86M or 74%), Italy (£627k or 344%), and Belgium (£553k or 6.49%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£2.12M(84.5%)
IMPORT GROWTH (September 2023 - September 2024)£3.48M(10.6%)
MAIN EXPORTER (September 2024)Dover Eurotunnel£2.06M
MAIN DESTINATION (September 2024)Ireland£1.02M

This section shows Large Flat-Rolled Stainless Steel'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 Large Flat-Rolled Stainless Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$55.5M
IMPORTS (2022)$588M
NET TRADE (2022)-$532M

In 2022, United Kingdom exported $55.5M in Large Flat-Rolled Stainless Steel. The main destinations of United Kingdom exports on Large Flat-Rolled Stainless Steel were Ireland ($15.5M), Germany ($10.7M), Spain ($3.2M), Canada ($2.63M), and United States ($2.29M).

In 2022, United Kingdom imported $588M in Large Flat-Rolled Stainless Steel, mainly from Spain ($116M), Belgium ($77.5M), Sweden ($67M), China ($62.2M), and Finland ($51.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Stainless Steel EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Ireland$4.14M (36.6%)
Germany$2.92M (37.5%)
United States$1.41M (161%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Stainless Steel BY United Kingdom WERE (2021 - 2022):
Italy-$850k (-33.8%)
France-$727k (-27.7%)
Singapore-$721k (-81.4%)
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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 Large Flat-Rolled Stainless Steel were:
China $8.91B
Indonesia $7.43B
Belgium $3.9B
In 2022, United Kingdom's main importing competitors in Large Flat-Rolled Stainless Steel were:
Germany $4.95B
Italy $4.45B
China $3.42B

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Trade Value of Large Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $9.46M
TOP IMPORT POTENTIALChina+ $41M

Large Flat-Rolled Stainless Steel’s highest export potential is Germany. With an export gap of $9.46M.   Large Flat-Rolled Stainless Steel’s highest import potential is China with an import gap of $41M.

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