2023
Exports
$44.4MWorld Rnk 29 / 130
Flag Rnk 548 / 1216
2023
PRODUCT COMPLEXITY IN Large Flat-Rolled Stainless Steel
1.06Rnk 156 / 1025
2023
Imports
$501MWorld Rnk 19 / 208
Flag Rnk 242 / 1214
2023
ECONOMIC COMPLEXITY of United Kingdom
1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $44.4M in Large Flat-Rolled Stainless Steel, making it the 29th largest exporter of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 548th most exported product in United Kingdom. The main destination of Large Flat-Rolled Stainless Steel exports from United Kingdom are: Ireland ($9.65M), Germany ($6.1M), Spain ($4.07M), United States ($3.14M), and Canada ($2.7M).

The fastest growing export markets for Large Flat-Rolled Stainless Steel of United Kingdom between 2022 and 2023 were Spain ($1.86M), Belgium ($861k), and Egypt ($744k).

Imports In 2023, United Kingdom imported $501M in Large Flat-Rolled Stainless Steel, becoming the 19th largest importer of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 242nd most imported product in United Kingdom. United Kingdom imports Large Flat-Rolled Stainless Steel primarily from: Finland ($116M), Spain ($83.6M), Sweden ($51.9M), Germany ($46.6M), and Belgium ($44.7M).

The fastest growing import markets in Large Flat-Rolled Stainless Steel for United Kingdom between 2022 and 2023 were Finland ($14.2M), Germany ($11.9M), and Italy ($6.26M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£-106k(-3.74%)
IMPORT GROWTH (December 2023 - December 2024)£-5.96M(-26.7%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Ireland£549k

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 (2023)$44.4M
IMPORTS (2023)$501M
NET TRADE (2023)-$457M

In 2023, United Kingdom exported $44.4M in Large Flat-Rolled Stainless Steel. The main destinations of United Kingdom exports on Large Flat-Rolled Stainless Steel were Ireland ($9.65M), Germany ($6.1M), Spain ($4.07M), United States ($3.14M), and Canada ($2.7M).

In 2023, United Kingdom imported $501M in Large Flat-Rolled Stainless Steel, mainly from Finland ($116M), Spain ($83.6M), Sweden ($51.9M), Germany ($46.6M), and Belgium ($44.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Stainless Steel EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Spain$1.86M (84%)
Belgium$861k (123%)
Egypt$744k (112%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Stainless Steel BY United Kingdom WERE (2022 - 2023):
Ireland-$7.57M (-44%)
Germany-$3.37M (-35.6%)
United States-$828k (-20.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Large Flat-Rolled Stainless Steel were:
China $5.32B
Finland $3.29B
In 2023, United Kingdom's main importing competitors in Large Flat-Rolled Stainless Steel were:
Germany $3.72B
Italy $3.07B
China $2.59B

Explore Visualizations

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.

See methodology.

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