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2022
Exports $562MWorld Rnk 5 / 121
Flag Rnk 135 / 1216
2022
Destination $261M United States
2021 - 2022
FASTEST GROWING MARKET $261MUnited States
2022
PRODUCT COMPLEXITY IN Other Precious Metal Products-0.036Rnk 559 / 1025
2022
Imports $133MWorld Rnk 11 / 189
Flag Rnk 533 / 1214
2022
Origin $24.2M United States
2021 - 2022
FASTEST GROWING ORIGIN $24.2MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $562M in Other Precious Metal Products, making it the 5th largest exporter of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 135th most exported product in United Kingdom. The main destination of Other Precious Metal Products exports from United Kingdom are: United States ($295M), Australia ($35.3M), United Kingdom ($32.1M), Poland ($29M), and South Korea ($20.8M).

The fastest growing export markets for Other Precious Metal Products of United Kingdom between 2021 and 2022 were United States ($261M), United Kingdom ($24.2M), and Poland ($10.9M).

Imports In 2022, United Kingdom imported $133M in Other Precious Metal Products, becoming the 11th largest importer of Other Precious Metal Products in the world. At the same year, Other Precious Metal Products was the 533rd most imported product in United Kingdom. United Kingdom imports Other Precious Metal Products primarily from: United States ($48.7M), United Kingdom ($32.1M), Australia ($12.4M), Germany ($11.6M), and Portugal ($5.79M).

The fastest growing import markets in Other Precious Metal Products for United Kingdom between 2021 and 2022 were United Kingdom ($24.2M), United States ($22.4M), and Greece ($3.38M).

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Other Precious Metal Products exports accounted up to £8.74M and imports accounted up to £2.21M, resulting in a positive trade balance of £6.53M. Between August 2023 and August 2024 the exports of United Kingdom's   Other Precious Metal Products have decreased by £-1.72M (-16.5%) from £10.5M to £8.74M, while imports decreased by £-1.26M (-36.4%) from £3.47M to £2.21M.

Destinations In August 2024, Other Precious Metal Products were exported mostly to Chinese Taipei (£1.96M), Portugal (£1.44M), United States (£1.4M), Canada (£1.08M), and Australia (£964k), and were imported mostly from United States (£1.28M), Germany (£635k), Italy (£62.1k), China (£58.4k), and France (£51.3k).

Growth In August 2024, the decrease in Other Precious Metal Products's year-by-year exports was explained primarily by a decrease in exports to Spain (£-35.3k or -91.8%), United Arab Emirates (£-21.3k or -11.7%), and Ireland (£-19k or -82.4%). In August 2024, the decrease in Other Precious Metal Products's year-by-year imports was explained primarily by a decrease in imports from Ireland (£-373k or -52.9%), Italy (£-12.1k or -38.2%), and Hungary (£-10.4k or -60%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-1.72M(-16.5%)
IMPORT GROWTH (August 2023 - August 2024)£-1.26M(-36.4%)
MAIN EXPORTER (August 2024)London Heathrow Airport£17.9M
MAIN DESTINATION (August 2024)Chinese Taipei£1.96M

This section shows Other Precious Metal Products'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 Other Precious Metal Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$562M
IMPORTS (2022)$133M
NET TRADE (2022)$430M

In 2022, United Kingdom exported $562M in Other Precious Metal Products. The main destinations of United Kingdom exports on Other Precious Metal Products were United States ($295M), Australia ($35.3M), United Kingdom ($32.1M), Poland ($29M), and South Korea ($20.8M).

In 2022, United Kingdom imported $133M in Other Precious Metal Products, mainly from United States ($48.7M), United Kingdom ($32.1M), Australia ($12.4M), Germany ($11.6M), and Portugal ($5.79M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Precious Metal Products EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$261M (776%)
United Kingdom$24.2M (303%)
Poland$10.9M (60.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Precious Metal Products BY United Kingdom WERE (2021 - 2022):
South Korea-$13.1M (-38.7%)
Japan-$10.5M (-42%)
Chinese Taipei-$8.77M (-46%)
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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 Other Precious Metal Products were:
Canada $1.78B
United States $1.7B
Germany $911M
In 2022, United Kingdom's main importing competitors in Other Precious Metal Products were:
United States $4.42B
Singapore $789M
Canada $579M

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Trade Value of Other Precious Metal Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $20.7M
TOP IMPORT POTENTIALGermany+ $4.96M

Other Precious Metal Products’s highest export potential is United States. With an export gap of $20.7M.   Other Precious Metal Products’s highest import potential is Germany with an import gap of $4.96M.

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