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2023
Exports $40.9MWorld Rnk 9 / 124
Flag Rnk 563 / 1216
2023
Destination $3.79M South Korea
2022 - 2023
FASTEST GROWING MARKET $3.79MSouth Korea
2023
PRODUCT COMPLEXITY IN Tobacco Processing Machines-0.1Rnk 589 / 1025
2023
Imports $12.8MWorld Rnk 30 / 176
Flag Rnk 967 / 1214
2023
Origin $1.75M South Korea
2022 - 2023
FASTEST GROWING ORIGIN $1.75MSouth Africa
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $40.9M in Tobacco Processing Machines, making it the 9th largest exporter of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 563rd most exported product in United Kingdom. The main destination of Tobacco Processing Machines exports from United Kingdom are: South Korea ($5.64M), United States ($4.36M), Saudi Arabia ($3.04M), Indonesia ($2.31M), and South Africa ($2.27M).

The fastest growing export markets for Tobacco Processing Machines of United Kingdom between 2022 and 2023 were South Korea ($3.79M), South Africa ($2.12M), and Belgium ($698k).

Imports In 2023, United Kingdom imported $12.8M in Tobacco Processing Machines, becoming the 30th largest importer of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 967th most imported product in United Kingdom. United Kingdom imports Tobacco Processing Machines primarily from: South Korea ($2.41M), South Africa ($2.41M), Germany ($1.47M), Slovakia ($1.14M), and Czechia ($1.1M).

The fastest growing import markets in Tobacco Processing Machines for United Kingdom between 2022 and 2023 were South Africa ($1.75M), South Korea ($1.71M), and Netherlands ($733k).

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Tobacco Processing Machines exports accounted up to £5.64M and imports accounted up to £1.12M, resulting in a positive trade balance of £4.51M. Between November 2023 and November 2024 the exports of United Kingdom's   Tobacco Processing Machines have increased by £2.06M (57.6%) from £3.58M to £5.64M, while imports increased by £543k (93.4%) from £581k to £1.12M.

Destinations In November 2024, Tobacco Processing Machines were exported mostly to Germany (£1.76M), Japan (£1.37M), United States (£880k), Indonesia (£443k), and United Arab Emirates (£168k), and were imported mostly from Norway (£483k), Switzerland (£284k), China (£94.8k), Germany (£64.3k), and Czechia (£61.5k).

Growth In November 2024, the increase in Tobacco Processing Machines's year-by-year exports was explained primarily by an increase in exports to Germany (£390k or 444%), Vietnam (£132k or 8.21k%), and Greece (£90.5k or 1.27k%). In November 2024, the increase in Tobacco Processing Machines's year-by-year imports was explained primarily by an increase in imports from France (£124k or 1.44k%), South Africa (£38.8k or 2.57k%), and China (£20.3k or 215%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£2.06M(57.6%)
IMPORT GROWTH (November 2023 - November 2024)£543k(93.4%)
MAIN EXPORTER (November 2024)London Heathrow Airport£7.97M
MAIN DESTINATION (November 2024)Germany£1.76M

This section shows Tobacco Processing Machines'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 Tobacco Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$40.9M
IMPORTS (2023)$12.8M
NET TRADE (2023)$28M

In 2023, United Kingdom exported $40.9M in Tobacco Processing Machines. The main destinations of United Kingdom exports on Tobacco Processing Machines were South Korea ($5.64M), United States ($4.36M), Saudi Arabia ($3.04M), Indonesia ($2.31M), and South Africa ($2.27M).

In 2023, United Kingdom imported $12.8M in Tobacco Processing Machines, mainly from South Korea ($2.41M), South Africa ($2.41M), Germany ($1.47M), Slovakia ($1.14M), and Czechia ($1.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tobacco Processing Machines EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
South Korea$3.79M (205%)
South Africa$2.12M (1.43k%)
Belgium$698k (191%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco Processing Machines BY United Kingdom WERE (2022 - 2023):
Netherlands-$1.88M (-65.8%)
United States-$1.23M (-22%)
Egypt-$1.15M (-64.1%)
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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 Tobacco Processing Machines were:
Germany $335M
Italy $306M
Poland $77M
In 2023, United Kingdom's main importing competitors in Tobacco Processing Machines were:
Indonesia $178M
Romania $90.6M
Poland $82.9M

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Trade Value of Tobacco Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.03M
TOP IMPORT POTENTIALGermany+ $768k

Tobacco Processing Machines’s highest export potential is China. With an export gap of $1.03M.   Tobacco Processing Machines’s highest import potential is Germany with an import gap of $768k.

See methodology.

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