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2022
Exports $19.1MWorld Rnk 41 / 109
Flag Rnk 743 / 1216
2022
Destination $13.7M Malaysia
2021 - 2022
FASTEST GROWING MARKET $13.7MMalaysia
2022
PRODUCT COMPLEXITY IN Precious Metal Ore-1.71Rnk 973 / 1025
2022
Imports $660MWorld Rnk 5 / 109
Flag Rnk 198 / 1214
2022
Origin $310M South Africa
2021 - 2022
FASTEST GROWING ORIGIN $310MSouth Africa
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $19.1M in Precious Metal Ore, making it the 41st largest exporter of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 743rd most exported product in United Kingdom. The main destination of Precious Metal Ore exports from United Kingdom are: Malaysia ($15M), Singapore ($3.53M), Poland ($325k), United States ($90.4k), and Latvia ($25k).

The fastest growing export markets for Precious Metal Ore of United Kingdom between 2021 and 2022 were Malaysia ($13.7M), Singapore ($3.53M), and Poland ($325k).

Imports In 2022, United Kingdom imported $660M in Precious Metal Ore, becoming the 5th largest importer of Precious Metal Ore in the world. At the same year, Precious Metal Ore was the 198th most imported product in United Kingdom. United Kingdom imports Precious Metal Ore primarily from: South Africa ($565M), Germany ($39.6M), Finland ($30.2M), Greece ($9.73M), and Sweden ($9M).

The fastest growing import markets in Precious Metal Ore for United Kingdom between 2021 and 2022 were South Africa ($310M), Finland ($12.3M), and Greece ($9.73M).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Precious Metal Ore exports accounted up to £35.2k and imports accounted up to £42.3M, resulting in a negative trade balance of £42.2M. Between May 2023 and June 2024 the exports of United Kingdom's   Precious Metal Ore have decreased by £-553k (-94%) from £588k to £35.2k, while imports decreased by £-36.2M (-46.1%) from £78.5M to £42.3M.

Destinations In June 2024, Precious Metal Ore were exported mostly to Mongolia (£25.1k) and Italy (£10.1k), and were imported mostly from South Africa (£28.9M), Germany (£13M), and Sweden (£330k).

Growth In June 2024, the decrease in Precious Metal Ore's year-by-year exports was explained primarily by a decrease in exports to Malaysia (£-116k or -12.1%). In June 2024, the decrease in Precious Metal Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - June 2024)£-553k(-94%)
IMPORT GROWTH (June 2023 - June 2024)£-36.2M(-46.1%)
MAIN EXPORTER (June 2024)Grangemouth£39.4k
MAIN DESTINATION (June 2024)Mongolia£25.1k

This section shows Precious Metal Ore'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 Precious Metal Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.1M
IMPORTS (2022)$660M
NET TRADE (2022)-$641M

In 2022, United Kingdom exported $19.1M in Precious Metal Ore. The main destinations of United Kingdom exports on Precious Metal Ore were Malaysia ($15M), Singapore ($3.53M), Poland ($325k), United States ($90.4k), and Latvia ($25k).

In 2022, United Kingdom imported $660M in Precious Metal Ore, mainly from South Africa ($565M), Germany ($39.6M), Finland ($30.2M), Greece ($9.73M), and Sweden ($9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Ore EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Malaysia$13.7M (1.02k%)
Singapore$3.53M (1%)
Poland$325k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Ore BY United Kingdom WERE (2021 - 2022):
Hong Kong-$82.8k (-100%)
Canada-$34k (-100%)
France-$24.6k (-82.5%)
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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 Precious Metal Ore were:
South Africa $1.97B
Australia $1.56B
Mexico $1.25B
In 2022, United Kingdom's main importing competitors in Precious Metal Ore were:
China $5.16B
Germany $2.75B
South Korea $783M

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Trade Value of Precious Metal Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $135k
TOP IMPORT POTENTIALSweden+ $2.61M

Precious Metal Ore’s highest export potential is United States. With an export gap of $135k.   Precious Metal Ore’s highest import potential is Sweden with an import gap of $2.61M.

See methodology.

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