Soups and Broths in United Kingdom | The Observatory of Economic Complexity

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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 GIVAUDAN FRAGRANCES CORPORATION (1) and GOLDEN STATE FC LLC (1) were at the forefront of shipping Soups and Broths from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Soups and Broths exports accounted up to £4.13M and imports accounted up to £12.6M, resulting in a negative trade balance of £8.51M. Between February 2023 and February 2024 the exports of United Kingdom's Soups and Broths have decreased by £-408k (-9%) from £4.53M to £4.13M, while imports decreased by £-761k (-5.68%) from £13.4M to £12.6M.

Destinations In February 2024, Soups and Broths were exported mostly to Nigeria (£1.06M), Ireland (£645k), Ghana (£484k), France (£394k), and Germany (£275k), and were imported mostly from Italy (£2.32M), France (£1.98M), Belgium (£1.53M), Netherlands (£1.44M), and Spain (£1.09M).

Growth In February 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 February 2024, the decrease in Soups and Broths's year-by-year imports was explained primarily by a decrease in imports from Spain (£-449k or -25.7%), Portugal (£-427k or -28.6%), and Hungary (£-400k or -99.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-408k(-9%)

IMPORT GROWTH (February 2023 - February 2024)£-761k(-5.68%)

MAIN EXPORTER (February 2024)London Gateway£1.01M

MAIN DESTINATION (February 2024)Nigeria£1.06M

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

Trade Value

Growth

Growth (%)

Year

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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