2022
Exports
$192MWorld Rnk 12 / 196
Flag Rnk 285 / 1216
2022
PRODUCT COMPLEXITY IN Stranded Iron Wire
0.15Rnk 505 / 1025
2022
Imports
$145MWorld Rnk 18 / 222
Flag Rnk 510 / 1214
2022
ECONOMIC COMPLEXITY of United Kingdom
1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $192M in Stranded Iron Wire, making it the 12th largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 285th most exported product in United Kingdom. The main destination of Stranded Iron Wire exports from United Kingdom are: United States ($32.8M), Norway ($32.3M), France ($17.9M), China ($14.5M), and Germany ($8.29M).

The fastest growing export markets for Stranded Iron Wire of United Kingdom between 2021 and 2022 were United States ($12.2M), China ($9.53M), and Canada ($2.58M).

Imports In 2022, United Kingdom imported $145M in Stranded Iron Wire, becoming the 18th largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 510th most imported product in United Kingdom. United Kingdom imports Stranded Iron Wire primarily from: China ($30.2M), Germany ($17.9M), India ($12.2M), Turkey ($9.9M), and Portugal ($9.5M).

The fastest growing import markets in Stranded Iron Wire for United Kingdom between 2021 and 2022 were China ($17.1M), United States ($3.3M), and India ($3.28M).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-1.83M(-13.2%)
IMPORT GROWTH (June 2023 - June 2024)£-2.69M(-23.6%)
MAIN EXPORTER (June 2024)Immingham£3.33M
MAIN DESTINATION (June 2024)United States£2.76M

This section shows Stranded Iron Wire'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 Stranded Iron Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$192M
IMPORTS (2022)$145M
NET TRADE (2022)$46.2M

In 2022, United Kingdom exported $192M in Stranded Iron Wire. The main destinations of United Kingdom exports on Stranded Iron Wire were United States ($32.8M), Norway ($32.3M), France ($17.9M), China ($14.5M), and Germany ($8.29M).

In 2022, United Kingdom imported $145M in Stranded Iron Wire, mainly from China ($30.2M), Germany ($17.9M), India ($12.2M), Turkey ($9.9M), and Portugal ($9.5M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United States$12.2M (59.2%)
China$9.53M (190%)
Canada$2.58M (56%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY United Kingdom WERE (2021 - 2022):
Netherlands-$5.36M (-49.2%)
Denmark-$4.38M (-66.6%)
Norway-$2.75M (-7.85%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Stranded Iron Wire were:
In 2022, United Kingdom's main importing competitors in Stranded Iron Wire were:

Explore Visualizations

Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.68M
TOP IMPORT POTENTIALChina+ $13M

Stranded Iron Wire’s highest export potential is United States. With an export gap of $8.68M.   Stranded Iron Wire’s highest import potential is China with an import gap of $13M.

See methodology.

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