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2023
Exports $3.14BWorld Rnk 8 / 223
Flag Rnk 20 / 1216
2023
Destination $53.5M United States
2022 - 2023
FASTEST GROWING MARKET $53.5MUnited States
2023
PRODUCT COMPLEXITY IN Valves1.34Rnk 71 / 1025
2023
Imports $3.66BWorld Rnk 7 / 226
Flag Rnk 29 / 1214
2023
Origin $112M United States
2022 - 2023
FASTEST GROWING ORIGIN $112MUnited States
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $3.14B in Valves, making it the 8th largest exporter of Valves in the world. At the same year, Valves was the 20th most exported product in United Kingdom. The main destination of Valves exports from United Kingdom are: United States ($486M), Germany ($247M), China ($229M), Norway ($153M), and France ($138M).

The fastest growing export markets for Valves of United Kingdom between 2022 and 2023 were United States ($53.5M), Saudi Arabia ($32.8M), and United Arab Emirates ($28.8M).

Imports In 2023, United Kingdom imported $3.66B in Valves, becoming the 7th largest importer of Valves in the world. At the same year, Valves was the 29th most imported product in United Kingdom. United Kingdom imports Valves primarily from: United States ($798M), China ($644M), Germany ($527M), Italy ($440M), and France ($223M).

The fastest growing import markets in Valves for United Kingdom between 2022 and 2023 were United States ($112M), France ($41.4M), and Poland ($15.5M).

COMPANIES In 2024, leading companies such as Parker (40) and Danfoss (2) were at the forefront of shipping Valves from United Kingdom to the United States.

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Valves exports accounted up to £284M and imports accounted up to £244M, resulting in a positive trade balance of £40M. Between December 2023 and December 2024 the exports of United Kingdom's   Valves have increased by £37.9M (15.4%) from £246M to £284M, while imports increased by £13.3M (5.78%) from £231M to £244M.

Destinations In December 2024, Valves were exported mostly to Norway (£62.2M), United States (£39.8M), Germany (£18.4M), France (£12.9M), and Egypt (£12.6M), and were imported mostly from Germany (£45.6M), China (£38.4M), United States (£35M), Italy (£25.7M), and France (£19.7M).

Growth In December 2024, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to Ghana (£5.1M or 806%), China (£4.1M or 43.6%), and France (£3.53M or 30.6%). In December 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from United States (£19.4M or 46%), Egypt (£11.6M or 90.7k%), and France (£2.48M or 18.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£37.9M(15.4%)
IMPORT GROWTH (December 2023 - December 2024)£13.3M(5.78%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Norway£62.2M

This section shows Valves'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 Valves over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.14B
IMPORTS (2023)$3.66B
NET TRADE (2023)-$516M

In 2023, United Kingdom exported $3.14B in Valves. The main destinations of United Kingdom exports on Valves were United States ($486M), Germany ($247M), China ($229M), Norway ($153M), and France ($138M).

In 2023, United Kingdom imported $3.66B in Valves, mainly from United States ($798M), China ($644M), Germany ($527M), Italy ($440M), and France ($223M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
United States$53.5M (12.4%)
Saudi Arabia$32.8M (60.6%)
United Arab Emirates$28.8M (35.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY United Kingdom WERE (2022 - 2023):
South Korea-$53.8M (-51.8%)
China-$47.2M (-17.1%)
Australia-$32.5M (-31.7%)
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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 Valves were:
China $20.5B
Germany $14.7B
United States $13.6B
In 2023, United Kingdom's main importing competitors in Valves were:
United States $16.7B
China $8B
Germany $7.83B

Explore Visualizations

Trade Value of Valves by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $173M
TOP IMPORT POTENTIALChina+ $188M

Valves’s highest export potential is United States. With an export gap of $173M.   Valves’s highest import potential is China with an import gap of $188M.

See methodology.

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