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2022
Exports $8.14MWorld Rnk 29 / 194
Flag Rnk 885 / 1216
2022
Destination $475k United States
2021 - 2022
FASTEST GROWING MARKET $475kUnited States
2022
PRODUCT COMPLEXITY IN Wood Ornaments-0.4Rnk 674 / 1025
2022
Imports $95.8MWorld Rnk 6 / 217
Flag Rnk 600 / 1214
2022
Origin $887k China
2021 - 2022
FASTEST GROWING ORIGIN $887kIndonesia
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $8.14M in Wood Ornaments, making it the 29th largest exporter of Wood Ornaments in the world. At the same year, Wood Ornaments was the 885th most exported product in United Kingdom. The main destination of Wood Ornaments exports from United Kingdom are: United States ($1.53M), Ireland ($1.24M), France ($902k), Germany ($668k), and Netherlands ($370k).

The fastest growing export markets for Wood Ornaments of United Kingdom between 2021 and 2022 were United States ($475k), Japan ($212k), and Nigeria ($79.6k).

Imports In 2022, United Kingdom imported $95.8M in Wood Ornaments, becoming the 6th largest importer of Wood Ornaments in the world. At the same year, Wood Ornaments was the 600th most imported product in United Kingdom. United Kingdom imports Wood Ornaments primarily from: China ($66.4M), Indonesia ($4.66M), Poland ($2.83M), Germany ($2.81M), and France ($1.96M).

The fastest growing import markets in Wood Ornaments for United Kingdom between 2021 and 2022 were Indonesia ($887k), Portugal ($507k), and Spain ($456k).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Wood Ornaments from United Kingdom to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Wood Ornaments exports accounted up to £947k and imports accounted up to £5.82M, resulting in a negative trade balance of £4.87M. Between September 2023 and September 2024 the exports of United Kingdom's   Wood Ornaments have increased by £89.9k (10.5%) from £857k to £947k, while imports increased by £631k (12.2%) from £5.19M to £5.82M.

Destinations In September 2024, Wood Ornaments were exported mostly to France (£286k), Canada (£118k), United States (£96k), Germany (£89.2k), and Ireland (£80.6k), and were imported mostly from China (£3.62M), Poland (£336k), Indonesia (£265k), India (£167k), and Netherlands (£162k).

Growth In September 2024, the increase in Wood Ornaments's year-by-year exports was explained primarily by an increase in exports to Germany (£119k or 699%), France (£28.6k or 160%), and Ireland (£28.2k or 57.5%). In September 2024, the increase in Wood Ornaments's year-by-year imports was explained primarily by an increase in imports from Spain (£209k or 13.9k%), United States (£158k or 368%), and Hong Kong (£122k or 319%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£89.9k(10.5%)
IMPORT GROWTH (September 2023 - September 2024)£631k(12.2%)
MAIN EXPORTER (September 2024)Dover Eurotunnel£487k
MAIN DESTINATION (September 2024)France£286k

This section shows Wood Ornaments'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 Ornaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.14M
IMPORTS (2022)$95.8M
NET TRADE (2022)-$87.7M

In 2022, United Kingdom exported $8.14M in Wood Ornaments. The main destinations of United Kingdom exports on Wood Ornaments were United States ($1.53M), Ireland ($1.24M), France ($902k), Germany ($668k), and Netherlands ($370k).

In 2022, United Kingdom imported $95.8M in Wood Ornaments, mainly from China ($66.4M), Indonesia ($4.66M), Poland ($2.83M), Germany ($2.81M), and France ($1.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Ornaments EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$475k (45%)
Japan$212k (390%)
Nigeria$79.6k (1.56k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Ornaments BY United Kingdom WERE (2021 - 2022):
Germany-$636k (-48.8%)
France-$352k (-28.1%)
Netherlands-$208k (-35.9%)
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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 Wood Ornaments were:
China $1.65B
Germany $83.5M
Indonesia $77.4M
In 2022, United Kingdom's main importing competitors in Wood Ornaments were:
United States $984M
Germany $226M
France $134M

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Trade Value of Wood Ornaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.14M
TOP IMPORT POTENTIALIndia+ $1.6M

Wood Ornaments’s highest export potential is United States. With an export gap of $1.14M.   Wood Ornaments’s highest import potential is India with an import gap of $1.6M.

See methodology.

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