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2022
Exports $50.3MWorld Rnk 2 / 74
Flag Rnk 546 / 1216
2022
Destination $5.61M Netherlands
2021 - 2022
FASTEST GROWING MARKET $5.61MGermany
2022
Imports $29.8MWorld Rnk 3 / 156
Flag Rnk 845 / 1214
2022
Origin $1.81M China
2021 - 2022
FASTEST GROWING ORIGIN $1.81MSeychelles
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $50.3M in Wool Grease, making it the 2nd largest exporter of Wool Grease in the world. At the same year, Wool Grease was the 546th most exported product in United Kingdom. The main destination of Wool Grease exports from United Kingdom are: Netherlands ($12.3M), Germany ($8.87M), United States ($8.29M), Poland ($3.42M), and Japan ($2.42M).

The fastest growing export markets for Wool Grease of United Kingdom between 2021 and 2022 were Germany ($5.61M), United States ($4.08M), and Netherlands ($3.7M).

Imports In 2022, United Kingdom imported $29.8M in Wool Grease, becoming the 3rd largest importer of Wool Grease in the world. At the same year, Wool Grease was the 845th most imported product in United Kingdom. United Kingdom imports Wool Grease primarily from: China ($13.6M), New Zealand ($3.81M), Seychelles ($3.15M), Italy ($1.82M), and Japan ($1.46M).

The fastest growing import markets in Wool Grease for United Kingdom between 2021 and 2022 were Seychelles ($1.81M), India ($913k), and Japan ($384k).

Latest Trends

July 2024

About

Overview In July 2024 United Kingdom's Wool Grease exports accounted up to £1.17M and imports accounted up to £968k, resulting in a positive trade balance of £203k. Between July 2023 and July 2024 the exports of United Kingdom's   Wool Grease have decreased by £-103k (-8.07%) from £1.27M to £1.17M, while imports decreased by £-795k (-45.1%) from £1.76M to £968k.

Destinations In July 2024, Wool Grease were exported mostly to Germany (£438k), Poland (£159k), Japan (£158k), Canada (£83.1k), and United States (£77.2k), and were imported mostly from China (£396k), New Zealand (£333k), Bulgaria (£104k), United States (£41.3k), and India (£38.8k).

Growth In July 2024, the decrease in Wool Grease's year-by-year exports was explained primarily by a decrease in exports to United States (£-178k or -32.7%), Italy (£-142k or -80.1%), and Germany (£-117k or -40.4%). In July 2024, the decrease in Wool Grease's year-by-year imports was explained primarily by a decrease in imports from New Zealand (£-113k or -31.9%) and India (£-47.1k or -39.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)£-103k(-8.07%)
IMPORT GROWTH (July 2023 - July 2024)£-795k(-45.1%)
MAIN EXPORTER (July 2024)Immingham£1.36M
MAIN DESTINATION (July 2024)Germany£438k

This section shows Wool Grease'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 Wool Grease over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$50.3M
IMPORTS (2022)$29.8M
NET TRADE (2022)$20.4M

In 2022, United Kingdom exported $50.3M in Wool Grease. The main destinations of United Kingdom exports on Wool Grease were Netherlands ($12.3M), Germany ($8.87M), United States ($8.29M), Poland ($3.42M), and Japan ($2.42M).

In 2022, United Kingdom imported $29.8M in Wool Grease, mainly from China ($13.6M), New Zealand ($3.81M), Seychelles ($3.15M), Italy ($1.82M), and Japan ($1.46M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool Grease EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Germany$5.61M (172%)
United States$4.08M (96.8%)
Netherlands$3.7M (43.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool Grease BY United Kingdom WERE (2021 - 2022):
United Kingdom-$694k (-61%)
Ireland-$260k (-15.8%)
India-$242k (-23.3%)
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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 Wool Grease were:
China $76M
Japan $25.8M
In 2022, United Kingdom's main importing competitors in Wool Grease were:
Germany $47.9M
United States $35.1M

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Trade Value of Wool Grease by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $289k
TOP IMPORT POTENTIALBelgium+ $330k

Wool Grease’s highest export potential is India. With an export gap of $289k.   Wool Grease’s highest import potential is Belgium with an import gap of $330k.

See methodology.

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