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2023
Exports $7.46MWorld Rnk 11 / 123
Flag Rnk 889 / 1216
2023
Destination $518k Japan
2022 - 2023
FASTEST GROWING MARKET $518kFrance
2023
PRODUCT COMPLEXITY IN Wood Barrels0.26Rnk 474 / 1025
2023
Imports $277MWorld Rnk 2 / 184
Flag Rnk 366 / 1214
2023
Origin $59.4M United States
2022 - 2023
FASTEST GROWING ORIGIN $59.4MUnited States
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $7.46M in Wood Barrels, making it the 11th largest exporter of Wood Barrels in the world. At the same year, Wood Barrels was the 889th most exported product in United Kingdom. The main destination of Wood Barrels exports from United Kingdom are: Japan ($3.14M), Ireland ($835k), France ($683k), Spain ($652k), and Netherlands ($317k).

The fastest growing export markets for Wood Barrels of United Kingdom between 2022 and 2023 were France ($518k), Japan ($446k), and Barbados ($178k).

Imports In 2023, United Kingdom imported $277M in Wood Barrels, becoming the 2nd largest importer of Wood Barrels in the world. At the same year, Wood Barrels was the 366th most imported product in United Kingdom. United Kingdom imports Wood Barrels primarily from: United States ($154M), Spain ($98.9M), France ($13.2M), Portugal ($4.24M), and Mexico ($2.45M).

The fastest growing import markets in Wood Barrels for United Kingdom between 2022 and 2023 were United States ($59.4M), Spain ($10.3M), and Mexico ($2.4M).

COMPANIES In 2024, leading companies such as J.C. Bamford (1) were at the forefront of shipping Wood Barrels from United Kingdom to the United States.

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Wood Barrels exports accounted up to £997k and imports accounted up to £18.2M, resulting in a negative trade balance of £17.2M. Between December 2023 and December 2024 the exports of United Kingdom's   Wood Barrels have increased by £384k (62.7%) from £613k to £997k, while imports decreased by £-7.39M (-28.9%) from £25.6M to £18.2M.

Destinations In December 2024, Wood Barrels were exported mostly to Ireland (£460k), Japan (£363k), Spain (£48.2k), Netherlands (£40.7k), and Denmark (£29.6k), and were imported mostly from United States (£12M), Spain (£5.11M), France (£575k), Ireland (£148k), and Portugal (£94k).

Growth In December 2024, the increase in Wood Barrels's year-by-year exports was explained primarily by an increase in exports to Spain (£63k or 86.7%), France (£40.2k or 149%), and Poland (£10.4k or 469%). In December 2024, the decrease in Wood Barrels's year-by-year imports was explained primarily by a decrease in imports from Portugal (£-279k or -65.9%), France (£-69.8k or -4.84%), and Bulgaria (£-13.3k or -76.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£384k(62.7%)
IMPORT GROWTH (December 2023 - December 2024)£-7.39M(-28.9%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Ireland£460k

This section shows Wood Barrels'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 Wood Barrels over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.46M
IMPORTS (2023)$277M
NET TRADE (2023)-$270M

In 2023, United Kingdom exported $7.46M in Wood Barrels. The main destinations of United Kingdom exports on Wood Barrels were Japan ($3.14M), Ireland ($835k), France ($683k), Spain ($652k), and Netherlands ($317k).

In 2023, United Kingdom imported $277M in Wood Barrels, mainly from United States ($154M), Spain ($98.9M), France ($13.2M), Portugal ($4.24M), and Mexico ($2.45M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Barrels EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
France$518k (314%)
Japan$446k (16.5%)
Barbados$178k (259%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Barrels BY United Kingdom WERE (2022 - 2023):
Spain-$131k (-16.7%)
Germany-$112k (-42.9%)
Mexico-$108k (-98.8%)
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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 Wood Barrels were:
France $532M
United States $423M
Spain $167M
In 2023, United Kingdom's main importing competitors in Wood Barrels were:
United States $311M
Spain $84.7M

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Trade Value of Wood Barrels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $400k
TOP IMPORT POTENTIALFrance+ $6.38M

Wood Barrels’s highest export potential is United States. With an export gap of $400k.   Wood Barrels’s highest import potential is France with an import gap of $6.38M.

See methodology.

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