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2023
Exports $161MWorld Rnk 12 / 145
Flag Rnk 306 / 1216
2023
Destination $6.38M Germany
2022 - 2023
FASTEST GROWING MARKET $6.38MFrance
2023
PRODUCT COMPLEXITY IN Other Stainless Steel Bars1.41Rnk 62 / 1025
2023
Imports $335MWorld Rnk 4 / 217
Flag Rnk 331 / 1214
2023
Origin $16.9M Spain
2022 - 2023
FASTEST GROWING ORIGIN $16.9MChinese Taipei
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $161M in Other Stainless Steel Bars, making it the 12th largest exporter of Other Stainless Steel Bars in the world. At the same year, Other Stainless Steel Bars was the 306th most exported product in United Kingdom. The main destination of Other Stainless Steel Bars exports from United Kingdom are: Germany ($25M), Italy ($19.3M), France ($17.5M), Ireland ($16.4M), and United States ($10.3M).

The fastest growing export markets for Other Stainless Steel Bars of United Kingdom between 2022 and 2023 were France ($6.38M), Italy ($6.07M), and United States ($3.75M).

Imports In 2023, United Kingdom imported $335M in Other Stainless Steel Bars, becoming the 4th largest importer of Other Stainless Steel Bars in the world. At the same year, Other Stainless Steel Bars was the 331st most imported product in United Kingdom. United Kingdom imports Other Stainless Steel Bars primarily from: Spain ($63.5M), Italy ($55.7M), Germany ($47.1M), Austria ($33.4M), and Chinese Taipei ($27.4M).

The fastest growing import markets in Other Stainless Steel Bars for United Kingdom between 2022 and 2023 were Chinese Taipei ($16.9M), United States ($10.4M), and Germany ($9.57M).

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Other Stainless Steel Bars exports accounted up to £11.9M and imports accounted up to £13.6M, resulting in a negative trade balance of £1.65M. Between December 2023 and December 2024 the exports of United Kingdom's   Other Stainless Steel Bars have increased by £1.58M (15.3%) from £10.4M to £11.9M, while imports decreased by £-2.74M (-16.8%) from £16.3M to £13.6M.

Destinations In December 2024, Other Stainless Steel Bars were exported mostly to France (£2.88M), Poland (£1.21M), Italy (£1.1M), Ireland (£1.04M), and India (£824k), and were imported mostly from Germany (£2.12M), Italy (£2.08M), Spain (£2.04M), United States (£1.33M), and Austria (£1.13M).

Growth In December 2024, the increase in Other Stainless Steel Bars's year-by-year exports was explained primarily by an increase in exports to Italy (£673k or 60.7%), India (£265k or 52.2%), and Hungary (£111k or 241%). In December 2024, the decrease in Other Stainless Steel Bars's year-by-year imports was explained primarily by a decrease in imports from Belgium (£-1.66M or -92.7%), Germany (£-1.32M or -41.2%), and Sweden (£-578k or -23.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£1.58M(15.3%)
IMPORT GROWTH (December 2023 - December 2024)£-2.74M(-16.8%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)France£2.88M

This section shows Other Stainless Steel Bars'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 Stainless Steel Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$161M
IMPORTS (2023)$335M
NET TRADE (2023)-$174M

In 2023, United Kingdom exported $161M in Other Stainless Steel Bars. The main destinations of United Kingdom exports on Other Stainless Steel Bars were Germany ($25M), Italy ($19.3M), France ($17.5M), Ireland ($16.4M), and United States ($10.3M).

In 2023, United Kingdom imported $335M in Other Stainless Steel Bars, mainly from Spain ($63.5M), Italy ($55.7M), Germany ($47.1M), Austria ($33.4M), and Chinese Taipei ($27.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Stainless Steel Bars EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
France$6.38M (57.5%)
Italy$6.07M (46%)
United States$3.75M (57.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Stainless Steel Bars BY United Kingdom WERE (2022 - 2023):
Germany-$21.6M (-46.3%)
Portugal-$6.14M (-53%)
Sweden-$5.73M (-67.1%)
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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 Other Stainless Steel Bars were:
Italy $1.41B
India $1.21B
Germany $925M
In 2023, United Kingdom's main importing competitors in Other Stainless Steel Bars were:
Germany $1.21B
United States $861M
Italy $473M

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Trade Value of Other Stainless Steel Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $10.2M
TOP IMPORT POTENTIALIndia+ $12.3M

Other Stainless Steel Bars’s highest export potential is Germany. With an export gap of $10.2M.   Other Stainless Steel Bars’s highest import potential is India with an import gap of $12.3M.

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