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2018
Exports $131MWorld Rnk 22 / 151
Flag Rnk 340 / 1216
2018
Destination $5.18M France
2022 - 2023
FASTEST GROWING MARKET $5.18MChina
2023
PRODUCT COMPLEXITY IN Locomotive Parts0.82Rnk 247 / 1025
2018
Imports $651MWorld Rnk 6 / 199
Flag Rnk 189 / 1214
2018
Origin $26.6M Germany
2022 - 2023
FASTEST GROWING ORIGIN $26.6MChina
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2018, United Kingdom exported $131M in Locomotive Parts, making it the 22nd largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 340th most exported product in United Kingdom. The main destination of Locomotive Parts exports from United Kingdom are: France ($20.5M), Germany ($12.4M), China ($10.4M), Hong Kong ($8.51M), and Belgium ($6.87M).

The fastest growing export markets for Locomotive Parts of United Kingdom between 2022 and 2023 were China ($5.18M), Belgium ($3.24M), and Hong Kong ($2.78M).

Imports In 2023, United Kingdom imported $651M in Locomotive Parts, becoming the 6th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 189th most imported product in United Kingdom. United Kingdom imports Locomotive Parts primarily from: Germany ($177M), China ($135M), Spain ($98.8M), Italy ($90.3M), and Czechia ($35.8M).

The fastest growing import markets in Locomotive Parts for United Kingdom between 2022 and 2023 were China ($26.6M), Switzerland ($9.26M), and Czechia ($5.44M).

COMPANIES In 2023, leading companies such as Volvo (120) were at the forefront of shipping Locomotive Parts from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Locomotive Parts exports accounted up to £9.91M and imports accounted up to £25.6M, resulting in a negative trade balance of £15.7M. Between November 2023 and November 2024 the exports of United Kingdom's   Locomotive Parts have decreased by £-2.43M (-19.7%) from £12.3M to £9.91M, while imports decreased by £-13.7M (-34.9%) from £39.3M to £25.6M.

Destinations In November 2024, Locomotive Parts were exported mostly to Germany (£1.67M), France (£937k), Belgium (£921k), Poland (£707k), and Hong Kong (£547k), and were imported mostly from Germany (£5.8M), Spain (£4.32M), Austria (£2.98M), Italy (£2.82M), and Czechia (£1.88M).

Growth In November 2024, the decrease in Locomotive Parts's year-by-year exports was explained primarily by a decrease in exports to Canada (£-3.57M or -92.5%), Italy (£-226k or -35.8%), and Egypt (£-168k or -53.3%). In November 2024, the decrease in Locomotive Parts's year-by-year imports was explained primarily by a decrease in imports from Spain (£-1.06M or -22.8%), Hungary (£-920k or -88.8%), and Austria (£-424k or -65.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-2.43M(-19.7%)
IMPORT GROWTH (November 2023 - November 2024)£-13.7M(-34.9%)
MAIN EXPORTER (November 2024)Dover Eurotunnel£16.6M
MAIN DESTINATION (November 2024)Germany£1.67M

This section shows Locomotive Parts'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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$131M
IMPORTS (2023)$651M
NET TRADE (2023)-$520M

In 2023, United Kingdom exported $131M in Locomotive Parts. The main destinations of United Kingdom exports on Locomotive Parts were France ($20.5M), Germany ($12.4M), China ($10.4M), Hong Kong ($8.51M), and Belgium ($6.87M).

In 2023, United Kingdom imported $651M in Locomotive Parts, mainly from Germany ($177M), China ($135M), Spain ($98.8M), Italy ($90.3M), and Czechia ($35.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
China$5.18M (98.3%)
Belgium$3.24M (89%)
Hong Kong$2.78M (48.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY United Kingdom WERE (2022 - 2023):
Canada-$6.03M (-70.5%)
Italy-$5.07M (-48.3%)
Burma-$2.32M (-77.8%)
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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 Locomotive Parts were:
China $2.09B
Germany $1.94B
United States $1.67B
In 2023, United Kingdom's main importing competitors in Locomotive Parts were:
Germany $1.55B
Mexico $1.27B
United States $1.04B

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $10.3M
TOP IMPORT POTENTIALGermany+ $16.8M

Locomotive Parts’s highest export potential is Germany. With an export gap of $10.3M.   Locomotive Parts’s highest import potential is Germany with an import gap of $16.8M.

See methodology.

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