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2022
Exports $54.8MWorld Rnk 24 / 175
Flag Rnk 521 / 1216
2022
Destination $2.98M Nigeria
2021 - 2022
FASTEST GROWING MARKET $2.98MGhana
2022
PRODUCT COMPLEXITY IN Soups and Broths-0.5Rnk 704 / 1025
2022
Imports $158MWorld Rnk 5 / 223
Flag Rnk 501 / 1214
2022
Origin $9.93M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $9.93MIreland
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $54.8M in Soups and Broths, making it the 24th largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 521st most exported product in United Kingdom. The main destination of Soups and Broths exports from United Kingdom are: Nigeria ($10.3M), Ghana ($9.45M), Ireland ($7.11M), France ($3.98M), and Netherlands ($3.39M).

The fastest growing export markets for Soups and Broths of United Kingdom between 2021 and 2022 were Ghana ($2.98M), Nigeria ($2.79M), and Germany ($1.48M).

Imports In 2022, United Kingdom imported $158M in Soups and Broths, becoming the 5th largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 501st most imported product in United Kingdom. United Kingdom imports Soups and Broths primarily from: Netherlands ($30.9M), Italy ($26.2M), Ireland ($19.8M), Spain ($15.7M), and France ($15.1M).

The fastest growing import markets in Soups and Broths for United Kingdom between 2021 and 2022 were Ireland ($9.93M), Italy ($4.61M), and Spain ($2.86M).

COMPANIES In 2023, leading companies such as Amazon (1) and Givaudan Fragrances (1) were at the forefront of shipping Soups and Broths from United Kingdom to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Soups and Broths exports accounted up to £2.85M and imports accounted up to £15.8M, resulting in a negative trade balance of £13M. Between October 2023 and October 2024 the exports of United Kingdom's   Soups and Broths have decreased by £-2.72M (-48.8%) from £5.57M to £2.85M, while imports increased by £1.06M (7.17%) from £14.8M to £15.8M.

Destinations In October 2024, Soups and Broths were exported mostly to Ireland (£868k), Netherlands (£253k), Ghana (£206k), United States (£196k), and Germany (£189k), and were imported mostly from Belgium (£2.5M), Italy (£2.31M), Ireland (£2.27M), France (£1.74M), and Netherlands (£1.25M).

Growth In October 2024, the decrease in Soups and Broths's year-by-year exports was explained primarily by a decrease in exports to Singapore (£-111k or -44.8%), Hong Kong (£-48.2k or -70.2%), and Netherlands (£-28.4k or -9.72%). In October 2024, the increase in Soups and Broths's year-by-year imports was explained primarily by an increase in imports from Belgium (£1.53M or 2.12k%), Netherlands (£566k or 28.1%), and Germany (£538k or 86.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£-2.72M(-48.8%)
IMPORT GROWTH (October 2023 - October 2024)£1.06M(7.17%)
MAIN EXPORTER (October 2024)London Gateway£1.8M
MAIN DESTINATION (October 2024)Ireland£868k

This section shows Soups and Broths'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 Soups and Broths over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$54.8M
IMPORTS (2022)$158M
NET TRADE (2022)-$103M

In 2022, United Kingdom exported $54.8M in Soups and Broths. The main destinations of United Kingdom exports on Soups and Broths were Nigeria ($10.3M), Ghana ($9.45M), Ireland ($7.11M), France ($3.98M), and Netherlands ($3.39M).

In 2022, United Kingdom imported $158M in Soups and Broths, mainly from Netherlands ($30.9M), Italy ($26.2M), Ireland ($19.8M), Spain ($15.7M), and France ($15.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Ghana$2.98M (46%)
Nigeria$2.79M (37.1%)
Germany$1.48M (623%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY United Kingdom WERE (2021 - 2022):
Ireland-$1.49M (-17.3%)
United Arab Emirates-$1.34M (-49.4%)
Qatar-$583k (-82.1%)
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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 Soups and Broths were:
United States $701M
Germany $209M
Canada $195M
In 2022, United Kingdom's main importing competitors in Soups and Broths were:
United States $398M
Mexico $342M
Canada $302M

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.71M
TOP IMPORT POTENTIALGermany+ $3.56M

Soups and Broths’s highest export potential is France. With an export gap of $1.71M.   Soups and Broths’s highest import potential is Germany with an import gap of $3.56M.

See methodology.

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