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2022
Exports $454kWorld Rnk 23 / 60
Flag Rnk 1160 / 1216
2022
Destination $42.1k Tunisia
2021 - 2022
FASTEST GROWING MARKET $42.1kThailand
2022
Imports $2.93MWorld Rnk 14 / 115
Flag Rnk 1119 / 1214
2022
Origin $617k United States
2021 - 2022
FASTEST GROWING ORIGIN $617kUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $454k in Tall Oil, making it the 23rd largest exporter of Tall Oil in the world. At the same year, Tall Oil was the 1160th most exported product in United Kingdom. The main destination of Tall Oil exports from United Kingdom are: Tunisia ($66k), Germany ($46.1k), Thailand ($42.1k), Spain ($42k), and Mexico ($41.7k).

The fastest growing export markets for Tall Oil of United Kingdom between 2021 and 2022 were Thailand ($42.1k), Mexico ($41.7k), and Denmark ($41.2k).

Imports In 2022, United Kingdom imported $2.93M in Tall Oil, becoming the 14th largest importer of Tall Oil in the world. At the same year, Tall Oil was the 1119th most imported product in United Kingdom. United Kingdom imports Tall Oil primarily from: United States ($687k), Netherlands ($489k), Sweden ($483k), Poland ($400k), and New Zealand ($263k).

The fastest growing import markets in Tall Oil for United Kingdom between 2021 and 2022 were United States ($617k), Poland ($399k), and Netherlands ($273k).

COMPANIES In 2023, leading companies such as Amazon (3) were at the forefront of shipping Tall Oil from United Kingdom to the United States.

Latest Trends

July 2024

About

Overview In July 2024 United Kingdom's Tall Oil exports accounted up to £14.5k and imports accounted up to £67.7k, resulting in a negative trade balance of £53.2k. Between November 2022 and July 2024 the exports of United Kingdom's   Tall Oil have decreased by £-2.18k (-13.1%) from £16.7k to £14.5k, while imports decreased by £-48.8k (-41.9%) from £117k to £67.7k.

Destinations In July 2024, Tall Oil were exported mostly to , and were imported mostly from New Zealand (£67.7k).

Growth In July 2024, the decrease in Tall Oil's year-by-year exports was explained primarily by a decrease in exports to . In August 2024, the decrease in Tall Oil's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-2.86k or -4.21%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - July 2024)£-2.18k(-13.1%)
IMPORT GROWTH (August 2023 - August 2024)£-48.8k(-41.9%)
MAIN EXPORTER (July 2024)London Gateway£8.3k
MAIN DESTINATION (July 2024)

This section shows Tall Oil'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 Tall Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$454k
IMPORTS (2022)$2.93M
NET TRADE (2022)-$2.48M

In 2022, United Kingdom exported $454k in Tall Oil. The main destinations of United Kingdom exports on Tall Oil were Tunisia ($66k), Germany ($46.1k), Thailand ($42.1k), Spain ($42k), and Mexico ($41.7k).

In 2022, United Kingdom imported $2.93M in Tall Oil, mainly from United States ($687k), Netherlands ($489k), Sweden ($483k), Poland ($400k), and New Zealand ($263k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tall Oil EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Thailand$42.1k (1%)
Mexico$41.7k (1%)
Denmark$41.2k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tall Oil BY United Kingdom WERE (2021 - 2022):
Tunisia-$117k (-64%)
Italy-$95.2k (-86.8%)
United States-$57.6k (-100%)
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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 Tall Oil were:
United States $174M
Sweden $56.3M
Finland $32.6M
In 2022, United Kingdom's main importing competitors in Tall Oil were:
Finland $95.8M
Sweden $70.9M
France $43.2M

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Trade Value of Tall Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $41k
TOP IMPORT POTENTIALUnited States+ $192k

Tall Oil’s highest export potential is France. With an export gap of $41k.   Tall Oil’s highest import potential is United States with an import gap of $192k.

See methodology.

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