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2022
Exports $120MWorld Rnk 12 / 123
Flag Rnk 367 / 1216
2022
Destination $5.49M Ireland
2021 - 2022
FASTEST GROWING MARKET $5.49MGermany
2022
PRODUCT COMPLEXITY IN Petroleum Resins1.53Rnk 46 / 1025
2022
Imports $207MWorld Rnk 13 / 197
Flag Rnk 441 / 1214
2022
Origin $18M Germany
2021 - 2022
FASTEST GROWING ORIGIN $18MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $120M in Petroleum Resins, making it the 12th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 367th most exported product in United Kingdom. The main destination of Petroleum Resins exports from United Kingdom are: Ireland ($44.8M), Japan ($13M), Netherlands ($13M), Germany ($9.49M), and Belgium ($5.35M).

The fastest growing export markets for Petroleum Resins of United Kingdom between 2021 and 2022 were Germany ($5.49M), Japan ($3.17M), and Belgium ($2.77M).

Imports In 2022, United Kingdom imported $207M in Petroleum Resins, becoming the 13th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 441st most imported product in United Kingdom. United Kingdom imports Petroleum Resins primarily from: Germany ($48.3M), China ($35.4M), Japan ($26.9M), United States ($21.9M), and France ($20M).

The fastest growing import markets in Petroleum Resins for United Kingdom between 2021 and 2022 were China ($18M), Japan ($12.8M), and United States ($6.78M).

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Petroleum Resins exports accounted up to £5.96M and imports accounted up to £12.3M, resulting in a negative trade balance of £6.31M. Between October 2023 and October 2024 the exports of United Kingdom's   Petroleum Resins have increased by £1.17M (24.3%) from £4.79M to £5.96M, while imports increased by £2.99M (32.3%) from £9.27M to £12.3M.

Destinations In October 2024, Petroleum Resins were exported mostly to France (£1.56M), Germany (£1.3M), Norway (£487k), Denmark (£394k), and Ireland (£381k), and were imported mostly from Germany (£2.02M), Japan (£1.5M), Belgium (£1.18M), China (£1.17M), and Sweden (£1.17M).

Growth In October 2024, the increase in Petroleum Resins's year-by-year exports was explained primarily by an increase in exports to Japan (£1.09M or 136%), Germany (£995k or 649%), and Italy (£462k or 431%). In October 2024, the increase in Petroleum Resins's year-by-year imports was explained primarily by an increase in imports from Sweden (£1.44M or 137k%), Japan (£870k or 114%), and Belgium (£305k or 40.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£1.17M(24.3%)
IMPORT GROWTH (October 2023 - October 2024)£2.99M(32.3%)
MAIN EXPORTER (October 2024)Dover Eurotunnel£3.13M
MAIN DESTINATION (October 2024)France£1.56M

This section shows Petroleum Resins'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 Petroleum Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$120M
IMPORTS (2022)$207M
NET TRADE (2022)-$87M

In 2022, United Kingdom exported $120M in Petroleum Resins. The main destinations of United Kingdom exports on Petroleum Resins were Ireland ($44.8M), Japan ($13M), Netherlands ($13M), Germany ($9.49M), and Belgium ($5.35M).

In 2022, United Kingdom imported $207M in Petroleum Resins, mainly from Germany ($48.3M), China ($35.4M), Japan ($26.9M), United States ($21.9M), and France ($20M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Germany$5.49M (137%)
Japan$3.17M (32.1%)
Belgium$2.77M (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY United Kingdom WERE (2021 - 2022):
United States-$21.8M (-85.6%)
Netherlands-$4.52M (-25.9%)
Ireland-$2.9M (-6.07%)
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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 Petroleum Resins were:
United States $1.31B
China $1.28B
Germany $1.24B
In 2022, United Kingdom's main importing competitors in Petroleum Resins were:
China $901M
United States $662M
Germany $510M

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.47M
TOP IMPORT POTENTIALChina+ $8.72M

Petroleum Resins’s highest export potential is United States. With an export gap of $5.47M.   Petroleum Resins’s highest import potential is China with an import gap of $8.72M.

See methodology.

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