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2023
Exports $28.5MWorld Rnk 3 / 108
Flag Rnk 645 / 1216
2023
Destination $1.56M United States
2022 - 2023
FASTEST GROWING MARKET $1.56MSaudi Arabia
2023
Imports $20.8MWorld Rnk 4 / 161
Flag Rnk 902 / 1214
2023
Origin $2.23M United States
2022 - 2023
FASTEST GROWING ORIGIN $2.23MUnited States
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $28.5M in Parachutes, making it the 3rd largest exporter of Parachutes in the world. At the same year, Parachutes was the 645th most exported product in United Kingdom. The main destination of Parachutes exports from United Kingdom are: United States ($11.3M), Germany ($2.54M), Saudi Arabia ($2.01M), Romania ($1.7M), and Australia ($1.41M).

The fastest growing export markets for Parachutes of United Kingdom between 2022 and 2023 were Saudi Arabia ($1.56M), Romania ($1.08M), and Norway ($1.03M).

Imports In 2023, United Kingdom imported $20.8M in Parachutes, becoming the 4th largest importer of Parachutes in the world. At the same year, Parachutes was the 902nd most imported product in United Kingdom. United Kingdom imports Parachutes primarily from: United States ($7.85M), Germany ($2.53M), Romania ($2.3M), France ($2.11M), and Vietnam ($1.63M).

The fastest growing import markets in Parachutes for United Kingdom between 2022 and 2023 were United States ($2.23M), Germany ($1.07M), and Romania ($759k).

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Parachutes exports accounted up to £4.87M and imports accounted up to £1.86M, resulting in a positive trade balance of £3.01M. Between December 2023 and December 2024 the exports of United Kingdom's   Parachutes have increased by £3.33M (216%) from £1.54M to £4.87M, while imports increased by £639k (52.3%) from £1.22M to £1.86M.

Destinations In December 2024, Parachutes were exported mostly to United States (£885k), Chinese Taipei (£681k), Italy (£480k), Sweden (£464k), and France (£414k), and were imported mostly from United States (£1.32M), Germany (£235k), France (£89.6k), Romania (£85.6k), and Vietnam (£38.6k).

Growth In December 2024, the increase in Parachutes's year-by-year exports was explained primarily by an increase in exports to United Arab Emirates (£84.7k or 1.31k%), Malaysia (£55.3k or 171%), and India (£18.1k or 499%). In December 2024, the increase in Parachutes's year-by-year imports was explained primarily by an increase in imports from United States (£106k or 24.5%), Romania (£68.6k or 188%), and Germany (£51.6k or 80.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£3.33M(216%)
IMPORT GROWTH (December 2023 - December 2024)£639k(52.3%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States£885k

This section shows Parachutes'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 Parachutes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$28.5M
IMPORTS (2023)$20.8M
NET TRADE (2023)$7.71M

In 2023, United Kingdom exported $28.5M in Parachutes. The main destinations of United Kingdom exports on Parachutes were United States ($11.3M), Germany ($2.54M), Saudi Arabia ($2.01M), Romania ($1.7M), and Australia ($1.41M).

In 2023, United Kingdom imported $20.8M in Parachutes, mainly from United States ($7.85M), Germany ($2.53M), Romania ($2.3M), France ($2.11M), and Vietnam ($1.63M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Parachutes EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Saudi Arabia$1.56M (345%)
Romania$1.08M (175%)
Norway$1.03M (470%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Parachutes BY United Kingdom WERE (2022 - 2023):
France-$1.19M (-60.2%)
Italy-$725k (-75.1%)
South Africa-$560k (-83.2%)
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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 Parachutes were:
United States $99.7M
Vietnam $41.1M
In 2023, United Kingdom's main importing competitors in Parachutes were:
United States $64.2M
France $36.9M
Germany $26.3M

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Trade Value of Parachutes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $689k
TOP IMPORT POTENTIALFrance+ $377k

Parachutes’s highest export potential is Germany. With an export gap of $689k.   Parachutes’s highest import potential is France with an import gap of $377k.

See methodology.

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