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2022
Exports $7.67MWorld Rnk 20 / 158
Flag Rnk 898 / 1216
2022
Destination $608k Ireland
2021 - 2022
FASTEST GROWING MARKET $608kSaudi Arabia
2022
PRODUCT COMPLEXITY IN Pastes and Waxes1Rnk 171 / 1025
2022
Imports $40MWorld Rnk 6 / 209
Flag Rnk 788 / 1214
2022
Origin $2.3M China
2021 - 2022
FASTEST GROWING ORIGIN $2.3MRomania
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $7.67M in Pastes and Waxes, making it the 20th largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 898th most exported product in United Kingdom. The main destination of Pastes and Waxes exports from United Kingdom are: Ireland ($1.79M), Saudi Arabia ($645k), Netherlands ($524k), France ($396k), and Germany ($272k).

The fastest growing export markets for Pastes and Waxes of United Kingdom between 2021 and 2022 were Saudi Arabia ($608k), Malaysia ($130k), and Italy ($107k).

Imports In 2022, United Kingdom imported $40M in Pastes and Waxes, becoming the 6th largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 788th most imported product in United Kingdom. United Kingdom imports Pastes and Waxes primarily from: China ($14.1M), Germany ($9.45M), United States ($4.01M), Italy ($3.5M), and Romania ($2.3M).

The fastest growing import markets in Pastes and Waxes for United Kingdom between 2021 and 2022 were Romania ($2.3M), Italy ($448k), and China ($371k).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Pastes and Waxes exports accounted up to £531k and imports accounted up to £2.12M, resulting in a negative trade balance of £1.59M. Between June 2023 and June 2024 the exports of United Kingdom's   Pastes and Waxes have increased by £129k (32.2%) from £402k to £531k, while imports decreased by £-380k (-15.2%) from £2.5M to £2.12M.

Destinations In June 2024, Pastes and Waxes were exported mostly to Netherlands (£83.7k), Poland (£70.7k), Germany (£46.4k), Malaysia (£45.3k), and Australia (£42.2k), and were imported mostly from China (£995k), Germany (£428k), Netherlands (£187k), Italy (£140k), and France (£61.5k).

Growth In June 2024, the increase in Pastes and Waxes's year-by-year exports was explained primarily by an increase in exports to South Africa (£34.9k or 1.04k%), Netherlands (£31.5k or 113%), and Germany (£17.6k or 1.99k%). In June 2024, the decrease in Pastes and Waxes's year-by-year imports was explained primarily by a decrease in imports from Germany (£-417k or -60.3%), Italy (£-57.5k or -27.3%), and Greece (£-28.5k or -92.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£129k(32.2%)
IMPORT GROWTH (June 2023 - June 2024)£-380k(-15.2%)
MAIN EXPORTER (June 2024)Dover Eurotunnel£313k
MAIN DESTINATION (June 2024)Netherlands£83.7k

This section shows Pastes and Waxes'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 Pastes and Waxes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.67M
IMPORTS (2022)$40M
NET TRADE (2022)-$32.4M

In 2022, United Kingdom exported $7.67M in Pastes and Waxes. The main destinations of United Kingdom exports on Pastes and Waxes were Ireland ($1.79M), Saudi Arabia ($645k), Netherlands ($524k), France ($396k), and Germany ($272k).

In 2022, United Kingdom imported $40M in Pastes and Waxes, mainly from China ($14.1M), Germany ($9.45M), United States ($4.01M), Italy ($3.5M), and Romania ($2.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Saudi Arabia$608k (1.65k%)
Malaysia$130k (101%)
Italy$107k (75.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY United Kingdom WERE (2021 - 2022):
Ireland-$1.24M (-40.9%)
United States-$423k (-62.9%)
Germany-$400k (-59.5%)
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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 Pastes and Waxes were:
China $529M
Germany $254M
Italy $125M
In 2022, United Kingdom's main importing competitors in Pastes and Waxes were:
United States $285M
Germany $91.8M
Netherlands $49.6M

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $379k
TOP IMPORT POTENTIALChina+ $1.66M

Pastes and Waxes’s highest export potential is United States. With an export gap of $379k.   Pastes and Waxes’s highest import potential is China with an import gap of $1.66M.

See methodology.

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