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2022
Exports $30.3MWorld Rnk 22 / 147
Flag Rnk 652 / 1216
2022
Destination $4.83M Bangladesh
2021 - 2022
FASTEST GROWING MARKET $4.83MVietnam
2022
PRODUCT COMPLEXITY IN Steam Boilers0.25Rnk 469 / 1025
2022
Imports $83.7MWorld Rnk 16 / 208
Flag Rnk 629 / 1214
2022
Origin $24.9M Spain
2021 - 2022
FASTEST GROWING ORIGIN $24.9MSpain
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $30.3M in Steam Boilers, making it the 22nd largest exporter of Steam Boilers in the world. At the same year, Steam Boilers was the 652nd most exported product in United Kingdom. The main destination of Steam Boilers exports from United Kingdom are: Bangladesh ($6M), Vietnam ($4.87M), Ireland ($3.13M), Netherlands ($1.25M), and Hong Kong ($1.17M).

The fastest growing export markets for Steam Boilers of United Kingdom between 2021 and 2022 were Vietnam ($4.83M), Bangladesh ($2.38M), and Ireland ($1.68M).

Imports In 2022, United Kingdom imported $83.7M in Steam Boilers, becoming the 16th largest importer of Steam Boilers in the world. At the same year, Steam Boilers was the 629th most imported product in United Kingdom. United Kingdom imports Steam Boilers primarily from: Spain ($28.4M), India ($7.14M), Germany ($6.9M), Vietnam ($4.99M), and Italy ($4.77M).

The fastest growing import markets in Steam Boilers for United Kingdom between 2021 and 2022 were Spain ($24.9M), Vietnam ($4.99M), and Poland ($3.57M).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (2) and Amazon (1) were at the forefront of shipping Steam Boilers from United Kingdom to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Steam Boilers exports accounted up to £1.23M and imports accounted up to £57.3M, resulting in a negative trade balance of £56M. Between October 2023 and October 2024 the exports of United Kingdom's   Steam Boilers have decreased by £-263k (-17.6%) from £1.49M to £1.23M, while imports increased by £53.3M (1.34k%) from £3.98M to £57.3M.

Destinations In October 2024, Steam Boilers were exported mostly to Bangladesh (£280k), Ireland (£151k), Australia (£143k), Saudi Arabia (£116k), and Hong Kong (£76k), and were imported mostly from France (£51.8M), Belgium (£1.23M), Poland (£986k), Spain (£684k), and Italy (£678k).

Growth In October 2024, the decrease in Steam Boilers's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-7.24k or -23.3%), Germany (£-3.56k or -15.8%), and Oman (£-3.3k or -61.5%). In October 2024, the increase in Steam Boilers's year-by-year imports was explained primarily by an increase in imports from Germany (£1.48M or 1.11k%), France (£817k or 1.04k%), and Poland (£184k or 890%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£-263k(-17.6%)
IMPORT GROWTH (October 2023 - October 2024)£53.3M(1.34k%)
MAIN EXPORTER (October 2024)Tyne£560k
MAIN DESTINATION (October 2024)Bangladesh£280k

This section shows Steam Boilers'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 Steam Boilers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$30.3M
IMPORTS (2022)$83.7M
NET TRADE (2022)-$53.4M

In 2022, United Kingdom exported $30.3M in Steam Boilers. The main destinations of United Kingdom exports on Steam Boilers were Bangladesh ($6M), Vietnam ($4.87M), Ireland ($3.13M), Netherlands ($1.25M), and Hong Kong ($1.17M).

In 2022, United Kingdom imported $83.7M in Steam Boilers, mainly from Spain ($28.4M), India ($7.14M), Germany ($6.9M), Vietnam ($4.99M), and Italy ($4.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steam Boilers EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Vietnam$4.83M (11.3k%)
Bangladesh$2.38M (66%)
Ireland$1.68M (116%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Boilers BY United Kingdom WERE (2021 - 2022):
Norway-$4.15M (-99.9%)
France-$2.46M (-89%)
Israel-$1.75M (-88.7%)
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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 Steam Boilers were:
China $1.29B
South Korea $429M
Finland $232M
In 2022, United Kingdom's main importing competitors in Steam Boilers were:
Indonesia $427M
Brazil $261M
Bangladesh $218M

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Trade Value of Steam Boilers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $669k
TOP IMPORT POTENTIALChina+ $4.08M

Steam Boilers’s highest export potential is Germany. With an export gap of $669k.   Steam Boilers’s highest import potential is China with an import gap of $4.08M.

See methodology.

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