Machinery Having Individual Functions in United Kingdom | The Observatory of Economic Complexity

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Exports In 2023, United Kingdom exported $2.91B in Machinery Having Individual Functions, making it the 13th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 24th most exported product in United Kingdom. The main destination of Machinery Having Individual Functions exports from United Kingdom are: United States ($510M), China ($362M), Germany ($325M), Netherlands ($151M), and Norway ($119M).

The fastest growing export markets for Machinery Having Individual Functions of United Kingdom between 2022 and 2023 were Singapore ($38.8M), United States ($34.4M), and Saudi Arabia ($27.7M).

Imports In 2023, United Kingdom imported $3.05B in Machinery Having Individual Functions, becoming the 15th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 38th most imported product in United Kingdom. United Kingdom imports Machinery Having Individual Functions primarily from: Germany ($697M), United States ($465M), China ($357M), Italy ($215M), and Netherlands ($174M).

The fastest growing import markets in Machinery Having Individual Functions for United Kingdom between 2022 and 2023 were Germany ($78.8M), Sweden ($54M), and China ($46.6M).

COMPANIES In 2023, leading companies such as Parker (33), Amazon (4), and UPM-Kymmene (1) were at the forefront of shipping Machinery Having Individual Functions from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Machinery Having Individual Functions exports accounted up to £154M and imports accounted up to £191M, resulting in a negative trade balance of £37.9M. Between November 2023 and November 2024 the exports of United Kingdom's Machinery Having Individual Functions have increased by £17.9M (13.2%) from £136M to £154M, while imports decreased by £-6.22M (-3.15%) from £198M to £191M.

Destinations In November 2024, Machinery Having Individual Functions were exported mostly to United States (£30.7M), Germany (£12.4M), France (£8.65M), Netherlands (£8.4M), and Norway (£6.2M), and were imported mostly from Germany (£52.3M), United States (£21.4M), Italy (£15.8M), Netherlands (£13.1M), and China (£12.6M).

Growth In November 2024, the increase in Machinery Having Individual Functions's year-by-year exports was explained primarily by an increase in exports to Sweden (£5.66M or 468%), Italy (£3.42M or 128%), and Netherlands (£2.94M or 64.3%). In November 2024, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from United States (£-4.34M or -28.4%), Switzerland (£-2.76M or -37.8%), and Finland (£-1.68M or -75.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)£17.9M(13.2%)

IMPORT GROWTH (November 2023 - November 2024)£-6.22M(-3.15%)

MAIN EXPORTER (November 2024)London Heathrow Airport£46.9M

MAIN DESTINATION (November 2024)United States£30.7M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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