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2022
Exports $51.9MWorld Rnk 14 / 197
Flag Rnk 537 / 1216
2022
Destination $2.06M Ireland
2021 - 2022
FASTEST GROWING MARKET $2.06MNetherlands
2022
PRODUCT COMPLEXITY IN Party Decorations-0.73Rnk 764 / 1025
2022
Imports $624MWorld Rnk 2 / 221
Flag Rnk 204 / 1214
2022
Origin $2.74M China
2021 - 2022
FASTEST GROWING ORIGIN $2.74MIndonesia
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $51.9M in Party Decorations, making it the 14th largest exporter of Party Decorations in the world. At the same year, Party Decorations was the 537th most exported product in United Kingdom. The main destination of Party Decorations exports from United Kingdom are: Ireland ($16.5M), Netherlands ($4.58M), United States ($4.53M), Germany ($3.38M), and France ($2.99M).

The fastest growing export markets for Party Decorations of United Kingdom between 2021 and 2022 were Netherlands ($2.06M), United States ($2.05M), and Hong Kong ($1.54M).

Imports In 2022, United Kingdom imported $624M in Party Decorations, becoming the 2nd largest importer of Party Decorations in the world. At the same year, Party Decorations was the 204th most imported product in United Kingdom. United Kingdom imports Party Decorations primarily from: China ($567M), United States ($9.15M), India ($8.86M), Netherlands ($5.65M), and Indonesia ($4.61M).

The fastest growing import markets in Party Decorations for United Kingdom between 2021 and 2022 were Indonesia ($2.74M), India ($2.61M), and Poland ($942k).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Party Decorations from United Kingdom to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Party Decorations exports accounted up to £6.52M and imports accounted up to £100M, resulting in a negative trade balance of £93.7M. Between October 2023 and October 2024 the exports of United Kingdom's   Party Decorations have decreased by £-198k (-2.95%) from £6.72M to £6.52M, while imports increased by £39.2M (64.3%) from £61M to £100M.

Destinations In October 2024, Party Decorations were exported mostly to Ireland (£2.56M), France (£513k), United States (£470k), Canada (£376k), and Hong Kong (£252k), and were imported mostly from China (£84M), Netherlands (£3.26M), Italy (£2.5M), India (£1.75M), and Vietnam (£1.32M).

Growth In October 2024, the decrease in Party Decorations's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-92.3k or -33.9%), Italy (£-50.7k or -50.4%), and Ireland (£-24.3k or -7.63%). In October 2024, the increase in Party Decorations's year-by-year imports was explained primarily by an increase in imports from India (£253k or 211%), Thailand (£62.7k or 299%), and Ireland (£29k or 263%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£-198k(-2.95%)
IMPORT GROWTH (October 2023 - October 2024)£39.2M(64.3%)
MAIN EXPORTER (October 2024)Liverpool£1.29M
MAIN DESTINATION (October 2024)Ireland£2.56M

This section shows Party Decorations'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 Party Decorations over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$51.9M
IMPORTS (2022)$624M
NET TRADE (2022)-$572M

In 2022, United Kingdom exported $51.9M in Party Decorations. The main destinations of United Kingdom exports on Party Decorations were Ireland ($16.5M), Netherlands ($4.58M), United States ($4.53M), Germany ($3.38M), and France ($2.99M).

In 2022, United Kingdom imported $624M in Party Decorations, mainly from China ($567M), United States ($9.15M), India ($8.86M), Netherlands ($5.65M), and Indonesia ($4.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Party Decorations EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Netherlands$2.06M (81.4%)
United States$2.05M (83%)
Hong Kong$1.54M (482%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Party Decorations BY United Kingdom WERE (2021 - 2022):
Australia-$978k (-51.3%)
Belgium-$372k (-24.5%)
Portugal-$148k (-35.4%)
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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 Party Decorations were:
China $11.7B
Netherlands $304M
United States $168M
In 2022, United Kingdom's main importing competitors in Party Decorations were:
United States $7.33B
Canada $568M

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Trade Value of Party Decorations by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.57M
TOP IMPORT POTENTIALIndia+ $4.8M

Party Decorations’s highest export potential is United States. With an export gap of $5.57M.   Party Decorations’s highest import potential is India with an import gap of $4.8M.

See methodology.

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