2022
Exports
$7.02MWorld Rnk 22 / 80
Flag Rnk 909 / 1216
2022
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds
0.68Rnk 287 / 1025
2022
Imports
$9.78MWorld Rnk 20 / 144
Flag Rnk 1009 / 1214
2022
ECONOMIC COMPLEXITY of United Kingdom
1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $7.02M in Rare-Earth Metal Compounds, making it the 22nd largest exporter of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 909th most exported product in United Kingdom. The main destination of Rare-Earth Metal Compounds exports from United Kingdom are: North Macedonia ($1.79M), Germany ($819k), Egypt ($628k), Australia ($513k), and Singapore ($509k).

The fastest growing export markets for Rare-Earth Metal Compounds of United Kingdom between 2021 and 2022 were North Macedonia ($1.04M), Singapore ($509k), and Australia ($507k).

Imports In 2022, United Kingdom imported $9.78M in Rare-Earth Metal Compounds, becoming the 20th largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 1009th most imported product in United Kingdom. United Kingdom imports Rare-Earth Metal Compounds primarily from: Italy ($5.48M), United States ($807k), China ($720k), Japan ($565k), and Malaysia ($515k).

The fastest growing import markets in Rare-Earth Metal Compounds for United Kingdom between 2021 and 2022 were Vietnam ($164k), South Korea ($99.7k), and Poland ($90.4k).

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£-473k(-85.9%)
IMPORT GROWTH (September 2023 - September 2024)£113k(64.1%)
MAIN EXPORTER (September 2024)Dover£260k
MAIN DESTINATION (September 2024)Germany£34.6k

This section shows Rare-Earth Metal Compounds'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 Rare-Earth Metal Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.02M
IMPORTS (2022)$9.78M
NET TRADE (2022)-$2.76M

In 2022, United Kingdom exported $7.02M in Rare-Earth Metal Compounds. The main destinations of United Kingdom exports on Rare-Earth Metal Compounds were North Macedonia ($1.79M), Germany ($819k), Egypt ($628k), Australia ($513k), and Singapore ($509k).

In 2022, United Kingdom imported $9.78M in Rare-Earth Metal Compounds, mainly from Italy ($5.48M), United States ($807k), China ($720k), Japan ($565k), and Malaysia ($515k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
North Macedonia$1.04M (140%)
Singapore$509k (1%)
Australia$507k (8.63k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY United Kingdom WERE (2021 - 2022):
Egypt-$992k (-61.2%)
United States-$380k (-75.7%)
Russia-$301k (-43.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Rare-Earth Metal Compounds were:
In 2022, United Kingdom's main importing competitors in Rare-Earth Metal Compounds were:
China $1.48B
Japan $488M

Explore Visualizations

Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $534k
TOP IMPORT POTENTIALChina+ $1.05M

Rare-Earth Metal Compounds’s highest export potential is China. With an export gap of $534k.   Rare-Earth Metal Compounds’s highest import potential is China with an import gap of $1.05M.

See methodology.

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