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2023
Exports $183MWorld Rnk 5 / 174
Flag Rnk 278 / 1216
2023
Destination $8.72M Netherlands
2022 - 2023
FASTEST GROWING MARKET $8.72MVietnam
2023
PRODUCT COMPLEXITY IN Scrap Plastic-0.57Rnk 725 / 1025
2023
Imports $66.7MWorld Rnk 15 / 180
Flag Rnk 671 / 1214
2023
Origin $10.5M Ireland
2022 - 2023
FASTEST GROWING ORIGIN $10.5MIreland
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $183M in Scrap Plastic, making it the 5th largest exporter of Scrap Plastic in the world. At the same year, Scrap Plastic was the 278th most exported product in United Kingdom. The main destination of Scrap Plastic exports from United Kingdom are: Netherlands ($35.7M), Turkey ($33.7M), Germany ($16.1M), Vietnam ($14.6M), and Italy ($14.1M).

The fastest growing export markets for Scrap Plastic of United Kingdom between 2022 and 2023 were Vietnam ($8.72M), Malaysia ($8.36M), and Sweden ($3.67M).

Imports In 2023, United Kingdom imported $66.7M in Scrap Plastic, becoming the 15th largest importer of Scrap Plastic in the world. At the same year, Scrap Plastic was the 671st most imported product in United Kingdom. United Kingdom imports Scrap Plastic primarily from: Ireland ($19.6M), Netherlands ($16.4M), Germany ($8.68M), Belgium ($8.17M), and Israel ($2.07M).

The fastest growing import markets in Scrap Plastic for United Kingdom between 2022 and 2023 were Ireland ($10.5M), Israel ($2M), and Uganda ($1.34M).

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Scrap Plastic exports accounted up to £11.6M and imports accounted up to £3.7M, resulting in a positive trade balance of £7.94M. Between December 2023 and December 2024 the exports of United Kingdom's   Scrap Plastic have increased by £522k (4.7%) from £11.1M to £11.6M, while imports increased by £1.27M (52%) from £2.44M to £3.7M.

Destinations In December 2024, Scrap Plastic were exported mostly to Turkey (£4.59M), Netherlands (£1.49M), Germany (£683k), Spain (£589k), and France (£550k), and were imported mostly from Ireland (£1.65M), Netherlands (£490k), Belgium (£350k), Germany (£349k), and Israel (£264k).

Growth In December 2024, the increase in Scrap Plastic's year-by-year exports was explained primarily by an increase in exports to Turkey (£1.31M or 90.4%), Italy (£308k or 70.3%), and Malaysia (£247k or 260%). In December 2024, the increase in Scrap Plastic's year-by-year imports was explained primarily by an increase in imports from Israel (£154k or 340%), Netherlands (£82.7k or 9.71%), and United States (£68.9k or 84%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£522k(4.7%)
IMPORT GROWTH (December 2023 - December 2024)£1.27M(52%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Turkey£4.59M

This section shows Scrap Plastic'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 Scrap Plastic over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$183M
IMPORTS (2023)$66.7M
NET TRADE (2023)$117M

In 2023, United Kingdom exported $183M in Scrap Plastic. The main destinations of United Kingdom exports on Scrap Plastic were Netherlands ($35.7M), Turkey ($33.7M), Germany ($16.1M), Vietnam ($14.6M), and Italy ($14.1M).

In 2023, United Kingdom imported $66.7M in Scrap Plastic, mainly from Ireland ($19.6M), Netherlands ($16.4M), Germany ($8.68M), Belgium ($8.17M), and Israel ($2.07M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Plastic EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Vietnam$8.72M (148%)
Malaysia$8.36M (188%)
Sweden$3.67M (12.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Plastic BY United Kingdom WERE (2022 - 2023):
Netherlands-$25.3M (-41.5%)
Spain-$10.8M (-60.1%)
Ireland-$8.15M (-68.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Scrap Plastic were:
Germany $325M
United States $292M
Japan $266M
In 2023, United Kingdom's main importing competitors in Scrap Plastic were:
United States $296M
Netherlands $266M
Malaysia $252M

Explore Visualizations

Trade Value of Scrap Plastic by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.53M
TOP IMPORT POTENTIALGermany+ $3.25M

Scrap Plastic’s highest export potential is Germany. With an export gap of $5.53M.   Scrap Plastic’s highest import potential is Germany with an import gap of $3.25M.

See methodology.

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