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2022
Exports $40.9MWorld Rnk 20 / 142
Flag Rnk 595 / 1216
2022
Destination $1.12M China
2021 - 2022
FASTEST GROWING MARKET $1.12MTurkey
2022
PRODUCT COMPLEXITY IN Tool Plates1.66Rnk 31 / 1025
2022
Imports $81.3MWorld Rnk 22 / 188
Flag Rnk 635 / 1214
2022
Origin $8.2M Germany
2021 - 2022
FASTEST GROWING ORIGIN $8.2MIsrael
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $40.9M in Tool Plates, making it the 20th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 595th most exported product in United Kingdom. The main destination of Tool Plates exports from United Kingdom are: China ($9.5M), Germany ($6.82M), Italy ($4.84M), United States ($2.86M), and France ($2.64M).

The fastest growing export markets for Tool Plates of United Kingdom between 2021 and 2022 were Turkey ($1.12M), China ($793k), and South Korea ($526k).

Imports In 2022, United Kingdom imported $81.3M in Tool Plates, becoming the 22nd largest importer of Tool Plates in the world. At the same year, Tool Plates was the 635th most imported product in United Kingdom. United Kingdom imports Tool Plates primarily from: Germany ($30.6M), United States ($9.47M), Israel ($8.71M), Netherlands ($5.78M), and Japan ($3.93M).

The fastest growing import markets in Tool Plates for United Kingdom between 2021 and 2022 were Israel ($8.2M), Netherlands ($2.51M), and Japan ($2.26M).

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Tool Plates exports accounted up to £719k and imports accounted up to £6.72M, resulting in a negative trade balance of £6M. Between September 2023 and September 2024 the exports of United Kingdom's   Tool Plates have decreased by £-1.03M (-58.9%) from £1.75M to £719k, while imports increased by £221k (3.39%) from £6.5M to £6.72M.

Destinations In September 2024, Tool Plates were exported mostly to Germany (£93.2k), Finland (£87.3k), Singapore (£67.5k), India (£66.8k), and Ireland (£52.2k), and were imported mostly from Netherlands (£2.53M), Germany (£1.62M), Belgium (£1.21M), United States (£465k), and Chinese Taipei (£218k).

Growth In September 2024, the decrease in Tool Plates's year-by-year exports was explained primarily by a decrease in exports to Ireland (£-60.7k or -55.7%), Belgium (£-36.7k or -90.7%), and India (£-21.4k or -66.1%). In September 2024, the increase in Tool Plates's year-by-year imports was explained primarily by an increase in imports from Netherlands (£1.04M or 79%), Germany (£565k or 33.8%), and Chinese Taipei (£153k or 64.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£-1.03M(-58.9%)
IMPORT GROWTH (September 2023 - September 2024)£221k(3.39%)
MAIN EXPORTER (September 2024)Dover Eurotunnel£2.98M
MAIN DESTINATION (September 2024)Germany£93.2k

This section shows Tool Plates'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 Tool Plates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$40.9M
IMPORTS (2022)$81.3M
NET TRADE (2022)-$40.4M

In 2022, United Kingdom exported $40.9M in Tool Plates. The main destinations of United Kingdom exports on Tool Plates were China ($9.5M), Germany ($6.82M), Italy ($4.84M), United States ($2.86M), and France ($2.64M).

In 2022, United Kingdom imported $81.3M in Tool Plates, mainly from Germany ($30.6M), United States ($9.47M), Israel ($8.71M), Netherlands ($5.78M), and Japan ($3.93M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Plates EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Turkey$1.12M (230%)
China$793k (9.1%)
South Korea$526k (468%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Plates BY United Kingdom WERE (2021 - 2022):
United States-$1.64M (-36.5%)
Ireland-$1.18M (-36.3%)
Netherlands-$742k (-36.9%)
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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 Tool Plates were:
Germany $1.21B
Japan $880M
China $698M
In 2022, United Kingdom's main importing competitors in Tool Plates were:
United States $879M
Netherlands $780M
Germany $615M

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Trade Value of Tool Plates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.16M
TOP IMPORT POTENTIALGermany+ $4.42M

Tool Plates’s highest export potential is Germany. With an export gap of $3.16M.   Tool Plates’s highest import potential is Germany with an import gap of $4.42M.

See methodology.

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