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2023
Exports $22.1MWorld Rnk 30 / 136
Flag Rnk 694 / 1216
2023
Destination $878k Bangladesh
2022 - 2023
FASTEST GROWING MARKET $878kNigeria
2023
PRODUCT COMPLEXITY IN Steam Boilers0.38Rnk 422 / 1025
2023
Imports $108MWorld Rnk 11 / 212
Flag Rnk 575 / 1214
2023
Origin $20.4M China
2022 - 2023
FASTEST GROWING ORIGIN $20.4MChina
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $22.1M in Steam Boilers, making it the 30th largest exporter of Steam Boilers in the world. At the same year, Steam Boilers was the 694th most exported product in United Kingdom. The main destination of Steam Boilers exports from United Kingdom are: Bangladesh ($4.67M), Ireland ($3.4M), Nigeria ($974k), France ($969k), and Qatar ($942k).

The fastest growing export markets for Steam Boilers of United Kingdom between 2022 and 2023 were Nigeria ($878k), France ($695k), and Saudi Arabia ($522k).

Imports In 2023, United Kingdom imported $108M in Steam Boilers, becoming the 11th largest importer of Steam Boilers in the world. At the same year, Steam Boilers was the 575th most imported product in United Kingdom. United Kingdom imports Steam Boilers primarily from: China ($23.9M), Germany ($18.7M), Poland ($18.1M), Portugal ($9.59M), and Italy ($4.82M).

The fastest growing import markets in Steam Boilers for United Kingdom between 2022 and 2023 were China ($20.4M), Poland ($14.5M), and Germany ($10M).

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

November 2024

About

Overview In November 2024 United Kingdom's Steam Boilers exports accounted up to £2.48M and imports accounted up to £4.13M, resulting in a negative trade balance of £1.65M. Between November 2023 and November 2024 the exports of United Kingdom's   Steam Boilers have increased by £1.21M (95.1%) from £1.27M to £2.48M, while imports decreased by £-2.27M (-35.5%) from £6.41M to £4.13M.

Destinations In November 2024, Steam Boilers were exported mostly to Netherlands (£1.5M), Bangladesh (£335k), Egypt (£213k), Australia (£197k), and Saudi Arabia (£34.2k), and were imported mostly from Germany (£1.73M), France (£578k), Italy (£413k), Netherlands (£327k), and China (£300k).

Growth In November 2024, the increase in Steam Boilers's year-by-year exports was explained primarily by an increase in exports to Bangladesh (£184k or 48.1%), Turkey (£178k or 9.42k%), and Ireland (£111k or 85.9%). In November 2024, the decrease in Steam Boilers's year-by-year imports was explained primarily by a decrease in imports from Italy (£-260k or -48.4%), Ireland (£-81.5k or -81.3%), and Spain (£-49.7k or -51.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£1.21M(95.1%)
IMPORT GROWTH (November 2023 - November 2024)£-2.27M(-35.5%)
MAIN EXPORTER (November 2024)Tyne£1.05M
MAIN DESTINATION (November 2024)Netherlands£1.5M

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 (2023)$22.1M
IMPORTS (2023)$108M
NET TRADE (2023)-$85.9M

In 2023, United Kingdom exported $22.1M in Steam Boilers. The main destinations of United Kingdom exports on Steam Boilers were Bangladesh ($4.67M), Ireland ($3.4M), Nigeria ($974k), France ($969k), and Qatar ($942k).

In 2023, United Kingdom imported $108M in Steam Boilers, mainly from China ($23.9M), Germany ($18.7M), Poland ($18.1M), Portugal ($9.59M), and Italy ($4.82M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Steam Boilers EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Nigeria$878k (907%)
France$695k (254%)
Saudi Arabia$522k (148%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Boilers BY United Kingdom WERE (2022 - 2023):
Vietnam-$4.95M (-99.7%)
Bangladesh-$1.33M (-22.2%)
Hong Kong-$1.08M (-92.7%)
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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 Steam Boilers were:
China $1.65B
South Korea $371M
Germany $261M
In 2023, United Kingdom's main importing competitors in Steam Boilers were:
Indonesia $648M
United States $217M
Japan $191M

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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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