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2022
Exports $2.17MWorld Rnk 24 / 112
Flag Rnk 1047 / 1216
2022
Destination $308k Poland
2021 - 2022
FASTEST GROWING MARKET $308kQatar
2022
PRODUCT COMPLEXITY IN Soapstone-0.16Rnk 602 / 1025
2022
Imports $21MWorld Rnk 15 / 195
Flag Rnk 907 / 1214
2022
Origin $2.13M France
2021 - 2022
FASTEST GROWING ORIGIN $2.13MFrance
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $2.17M in Soapstone, making it the 24th largest exporter of Soapstone in the world. At the same year, Soapstone was the 1047th most exported product in United Kingdom. The main destination of Soapstone exports from United Kingdom are: Poland ($321k), Qatar ($308k), Ireland ($301k), Italy ($221k), and Hong Kong ($216k).

The fastest growing export markets for Soapstone of United Kingdom between 2021 and 2022 were Qatar ($308k), Netherlands ($67.5k), and Hong Kong ($52.7k).

Imports In 2022, United Kingdom imported $21M in Soapstone, becoming the 15th largest importer of Soapstone in the world. At the same year, Soapstone was the 907th most imported product in United Kingdom. United Kingdom imports Soapstone primarily from: France ($5.52M), Netherlands ($5.22M), Italy ($3.79M), China ($2.35M), and Finland ($1.63M).

The fastest growing import markets in Soapstone for United Kingdom between 2021 and 2022 were France ($2.13M), China ($1.22M), and Italy ($513k).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Soapstone exports accounted up to £58.3k and imports accounted up to £1.42M, resulting in a negative trade balance of £1.36M. Between June 2023 and June 2024 the exports of United Kingdom's   Soapstone have decreased by £-90k (-60.7%) from £148k to £58.3k, while imports decreased by £-341k (-19.3%) from £1.76M to £1.42M.

Destinations In June 2024, Soapstone were exported mostly to Netherlands (£30.1k), Ireland (£11k), Belgium (£5.85k), Poland (£4.91k), and United States (£3.37k), and were imported mostly from Netherlands (£471k), France (£393k), Italy (£278k), China (£134k), and India (£53.4k).

Growth In June 2024, the decrease in Soapstone's year-by-year exports was explained primarily by a decrease in exports to Germany (£-2.15k or -45.2%). In June 2024, the decrease in Soapstone's year-by-year imports was explained primarily by a decrease in imports from France (£-115k or -29.4%), India (£-60.9k or -76.5%), and China (£-26.6k or -30.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-90k(-60.7%)
IMPORT GROWTH (June 2023 - June 2024)£-341k(-19.3%)
MAIN EXPORTER (June 2024)Dover£60.5k
MAIN DESTINATION (June 2024)Netherlands£30.1k

This section shows Soapstone'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 Soapstone over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.17M
IMPORTS (2022)$21M
NET TRADE (2022)-$18.9M

In 2022, United Kingdom exported $2.17M in Soapstone. The main destinations of United Kingdom exports on Soapstone were Poland ($321k), Qatar ($308k), Ireland ($301k), Italy ($221k), and Hong Kong ($216k).

In 2022, United Kingdom imported $21M in Soapstone, mainly from France ($5.52M), Netherlands ($5.22M), Italy ($3.79M), China ($2.35M), and Finland ($1.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soapstone EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Qatar$308k (1%)
Netherlands$67.5k (55.3%)
Hong Kong$52.7k (32.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soapstone BY United Kingdom WERE (2021 - 2022):
India-$390k (-99.5%)
United States-$328k (-85.5%)
France-$106k (-64.8%)
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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 Soapstone were:
China $195M
United States $116M
Pakistan $113M
In 2022, United Kingdom's main importing competitors in Soapstone were:
Germany $124M
United States $123M
Japan $83.6M

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Trade Value of Soapstone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $157k
TOP IMPORT POTENTIALChina+ $1.06M

Soapstone’s highest export potential is Germany. With an export gap of $157k.   Soapstone’s highest import potential is China with an import gap of $1.06M.

See methodology.

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