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Pricing

2022
Exports $1.97MWorld Rnk 24 / 110
Flag Rnk 1056 / 1216
2022
Destination $69.2k Ireland
2021 - 2022
FASTEST GROWING MARKET $69.2kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Time Switches0.78Rnk 256 / 1025
2022
Imports $12.8MWorld Rnk 11 / 198
Flag Rnk 980 / 1214
2022
Origin $345k China
2021 - 2022
FASTEST GROWING ORIGIN $345kFrance
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $1.97M in Time Switches, making it the 24th largest exporter of Time Switches in the world. At the same year, Time Switches was the 1056th most exported product in United Kingdom. The main destination of Time Switches exports from United Kingdom are: Ireland ($807k), Saudi Arabia ($396k), Germany ($98.4k), United States ($86k), and United Kingdom ($70.5k).

The fastest growing export markets for Time Switches of United Kingdom between 2021 and 2022 were United Kingdom ($69.2k), Romania ($45.7k), and China ($39.3k).

Imports In 2022, United Kingdom imported $12.8M in Time Switches, becoming the 11th largest importer of Time Switches in the world. At the same year, Time Switches was the 980th most imported product in United Kingdom. United Kingdom imports Time Switches primarily from: China ($3.57M), Mexico ($1.55M), Germany ($1.44M), Italy ($1.37M), and France ($1.09M).

The fastest growing import markets in Time Switches for United Kingdom between 2021 and 2022 were France ($345k), Indonesia ($273k), and China ($272k).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Time Switches exports accounted up to £109k and imports accounted up to £866k, resulting in a negative trade balance of £757k. Between September 2023 and September 2024 the exports of United Kingdom's   Time Switches have increased by £13.9k (14.7%) from £94.7k to £109k, while imports increased by £351k (68.2%) from £515k to £866k.

Destinations In September 2024, Time Switches were exported mostly to Ireland (£80.6k), Spain (£8.04k), Hong Kong (£5.41k), United States (£4.42k), and France (£3.61k), and were imported mostly from China (£240k), Spain (£173k), Italy (£106k), Ireland (£69.4k), and United States (£54.6k).

Growth In September 2024, the increase in Time Switches's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia (£61.4k or 90.1%), Germany (£3.23k or 243%), and United Arab Emirates (£435 or 34.8%). In September 2024, the increase in Time Switches's year-by-year imports was explained primarily by an increase in imports from Hong Kong (£53.6k or 691%), Italy (£40.6k or 59.1%), and Spain (£15.6k or 68.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£13.9k(14.7%)
IMPORT GROWTH (September 2023 - September 2024)£351k(68.2%)
MAIN EXPORTER (September 2024)Holyhead£91.1k
MAIN DESTINATION (September 2024)Ireland£80.6k

This section shows Time Switches'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 Time Switches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.97M
IMPORTS (2022)$12.8M
NET TRADE (2022)-$10.8M

In 2022, United Kingdom exported $1.97M in Time Switches. The main destinations of United Kingdom exports on Time Switches were Ireland ($807k), Saudi Arabia ($396k), Germany ($98.4k), United States ($86k), and United Kingdom ($70.5k).

In 2022, United Kingdom imported $12.8M in Time Switches, mainly from China ($3.57M), Mexico ($1.55M), Germany ($1.44M), Italy ($1.37M), and France ($1.09M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Time Switches EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$69.2k (5.31k%)
Romania$45.7k (497%)
China$39.3k (189%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Switches BY United Kingdom WERE (2021 - 2022):
Ireland-$333k (-29.2%)
Italy-$69.7k (-85.5%)
Australia-$51.4k (-88.8%)
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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 Time Switches were:
China $165M
Mexico $92M
France $43.8M
In 2022, United Kingdom's main importing competitors in Time Switches were:
United States $107M
France $42M
Germany $25.1M

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Trade Value of Time Switches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $128k
TOP IMPORT POTENTIALChina+ $630k

Time Switches’s highest export potential is United States. With an export gap of $128k.   Time Switches’s highest import potential is China with an import gap of $630k.

See methodology.

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