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2023
Exports $11.6MWorld Rnk 12 / 187
Flag Rnk 808 / 1216
2023
Destination $414k Ireland
2022 - 2023
FASTEST GROWING MARKET $414kChina
2023
PRODUCT COMPLEXITY IN Tool Sets1.14Rnk 126 / 1025
2023
Imports $35.6MWorld Rnk 7 / 219
Flag Rnk 814 / 1214
2023
Origin $427k China
2022 - 2023
FASTEST GROWING ORIGIN $427kSpain
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $11.6M in Tool Sets, making it the 12th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 808th most exported product in United Kingdom. The main destination of Tool Sets exports from United Kingdom are: Ireland ($1.18M), Sweden ($1.06M), Netherlands ($1.03M), Germany ($977k), and France ($829k).

The fastest growing export markets for Tool Sets of United Kingdom between 2022 and 2023 were China ($414k), France ($308k), and Egypt ($289k).

Imports In 2023, United Kingdom imported $35.6M in Tool Sets, becoming the 7th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 814th most imported product in United Kingdom. United Kingdom imports Tool Sets primarily from: China ($14.3M), Chinese Taipei ($8.39M), Germany ($4.94M), United States ($2.67M), and Ireland ($899k).

The fastest growing import markets in Tool Sets for United Kingdom between 2022 and 2023 were Spain ($427k), Germany ($202k), and Italy ($165k).

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Tool Sets exports accounted up to £1.76M and imports accounted up to £2.38M, resulting in a negative trade balance of £623k. Between December 2023 and December 2024 the exports of United Kingdom's   Tool Sets have increased by £468k (36.2%) from £1.29M to £1.76M, while imports increased by £379k (18.9%) from £2M to £2.38M.

Destinations In December 2024, Tool Sets were exported mostly to United States (£552k), Special Categories (£209k), Ireland (£159k), France (£149k), and United Arab Emirates (£123k), and were imported mostly from China (£888k), Germany (£411k), Chinese Taipei (£353k), United States (£266k), and France (£107k).

Growth In December 2024, the increase in Tool Sets's year-by-year exports was explained primarily by an increase in exports to Germany (£144k or 120%), United States (£86.5k or 164%), and France (£61.6k or 136%). In December 2024, the increase in Tool Sets's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei (£130k or 258%), Romania (£72.7k or 2.12k%), and Ireland (£65.3k or 87.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£468k(36.2%)
IMPORT GROWTH (December 2023 - December 2024)£379k(18.9%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States£552k

This section shows Tool Sets'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 Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.6M
IMPORTS (2023)$35.6M
NET TRADE (2023)-$24M

In 2023, United Kingdom exported $11.6M in Tool Sets. The main destinations of United Kingdom exports on Tool Sets were Ireland ($1.18M), Sweden ($1.06M), Netherlands ($1.03M), Germany ($977k), and France ($829k).

In 2023, United Kingdom imported $35.6M in Tool Sets, mainly from China ($14.3M), Chinese Taipei ($8.39M), Germany ($4.94M), United States ($2.67M), and Ireland ($899k).

Explore Visualizations

Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
China$414k (167%)
France$308k (59.1%)
Egypt$289k (6.7k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY United Kingdom WERE (2022 - 2023):
United States-$1.83M (-90.9%)
Norway-$211k (-72.7%)
Spain-$205k (-62.6%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Tool Sets were:
China $606M
Chinese Taipei $158M
Germany $147M
In 2023, United Kingdom's main importing competitors in Tool Sets were:
Germany $114M
Russia $114M
France $93.7M

Explore Visualizations

Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $521k
TOP IMPORT POTENTIALGermany+ $1.25M

Tool Sets’s highest export potential is Germany. With an export gap of $521k.   Tool Sets’s highest import potential is Germany with an import gap of $1.25M.

See methodology.

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