Opto-Electric Instrument Parts in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $107M in Opto-Electric Instrument Parts, making it the 6th largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 395th most exported product in United Kingdom. The main destination of Opto-Electric Instrument Parts exports from United Kingdom are: United States ($20.5M), Germany ($10.2M), Netherlands ($9.83M), France ($5.39M), and Lithuania ($5.2M).

The fastest growing export markets for Opto-Electric Instrument Parts of United Kingdom between 2021 and 2022 were Romania ($2.57M), Germany ($1.34M), and United Kingdom ($1.32M).

Imports In 2022, United Kingdom imported $88.8M in Opto-Electric Instrument Parts, becoming the 9th largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 617th most imported product in United Kingdom. United Kingdom imports Opto-Electric Instrument Parts primarily from: United States ($16.8M), Germany ($16.5M), Netherlands ($7.51M), Romania ($5.56M), and China ($5.49M).

The fastest growing import markets in Opto-Electric Instrument Parts for United Kingdom between 2021 and 2022 were United States ($7.87M), Romania ($2.81M), and Belgium ($2.19M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Opto-Electric Instrument Parts from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Opto-Electric Instrument Parts exports accounted up to £6.38M and imports accounted up to £4.87M, resulting in a positive trade balance of £1.52M. Between January 2023 and January 2024 the exports of United Kingdom's Opto-Electric Instrument Parts have increased by £1.01M (18.8%) from £5.37M to £6.38M, while imports decreased by £-777k (-13.8%) from £5.64M to £4.87M.

Destinations In January 2024, Opto-Electric Instrument Parts were exported mostly to United States (£1.03M), Netherlands (£862k), Germany (£632k), Lithuania (£548k), and Spain (£413k), and were imported mostly from United States (£843k), Germany (£766k), Norway (£497k), Netherlands (£438k), and United Arab Emirates (£308k).

Growth In January 2024, the increase in Opto-Electric Instrument Parts's year-by-year exports was explained primarily by an increase in exports to Netherlands (£190k or 35.3%), Italy (£172k or 404%), and Denmark (£149k or 115%). In January 2024, the decrease in Opto-Electric Instrument Parts's year-by-year imports was explained primarily by a decrease in imports from Romania (£-277k or -43.1%), China (£-176k or -41.4%), and Singapore (£-115k or -90.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£1.01M(18.8%)

IMPORT GROWTH (January 2023 - January 2024)£-777k(-13.8%)

MAIN EXPORTER (January 2024)East Midlands Airport£1.88M

MAIN DESTINATION (January 2024)United States£1.03M

This section shows Opto-Electric Instrument 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 Opto-Electric Instrument Parts over time.

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