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2022
Exports $3.33BWorld Rnk 7 / 224
Flag Rnk 20 / 1216
2022
Destination $82.9M United States
2021 - 2022
FASTEST GROWING MARKET $82.9MChina
2022
PRODUCT COMPLEXITY IN Valves1.35Rnk 81 / 1025
2022
Imports $3.55BWorld Rnk 7 / 224
Flag Rnk 29 / 1214
2022
Origin $154M China
2021 - 2022
FASTEST GROWING ORIGIN $154MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $3.33B in Valves, making it the 7th 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 ($446M), China ($304M), Germany ($266M), Norway ($183M), and France ($154M).

The fastest growing export markets for Valves of United Kingdom between 2021 and 2022 were China ($82.9M), United States ($76.6M), and United Kingdom ($66.8M).

Imports In 2022, United Kingdom imported $3.55B 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: China ($744M), Germany ($590M), United States ($586M), Italy ($407M), and France ($168M).

The fastest growing import markets in Valves for United Kingdom between 2021 and 2022 were United States ($154M), United Kingdom ($66.8M), and Switzerland ($13.8M).

COMPANIES In 2023, leading companies such as Parker (66), Danfoss (6), and Amazon (2) were at the forefront of shipping Valves from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Valves exports accounted up to £254M and imports accounted up to £318M, resulting in a negative trade balance of £64.6M. Between June 2023 and June 2024 the exports of United Kingdom's   Valves have decreased by £-3.15M (-1.23%) from £257M to £254M, while imports increased by £50.7M (19%) from £267M to £318M.

Destinations In June 2024, Valves were exported mostly to United States (£49.1M), Germany (£22M), France (£15.4M), China (£12.7M), and Norway (£11.4M), and were imported mostly from Germany (£57.7M), United States (£53.4M), China (£47.1M), Italy (£35.7M), and France (£24.3M).

Growth In June 2024, the decrease in Valves's year-by-year exports was explained primarily by a decrease in exports to Norway (£-8.08M or -54.8%), South Africa (£-5.14M or -84.5%), and China (£-2.38M or -20.2%). In June 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from United States (£13.8M or 48.8%), Germany (£10.1M or 30.9%), and Norway (£3M or 252%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-3.15M(-1.23%)
IMPORT GROWTH (June 2023 - June 2024)£50.7M(19%)
MAIN EXPORTER (June 2024)London Heathrow Airport£65.4M
MAIN DESTINATION (June 2024)United States£49.1M

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 (2022)$3.33B
IMPORTS (2022)$3.55B
NET TRADE (2022)-$221M

In 2022, United Kingdom exported $3.33B in Valves. The main destinations of United Kingdom exports on Valves were United States ($446M), China ($304M), Germany ($266M), Norway ($183M), and France ($154M).

In 2022, United Kingdom imported $3.55B in Valves, mainly from China ($744M), Germany ($590M), United States ($586M), Italy ($407M), and France ($168M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Valves EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
China$82.9M (37.5%)
United States$76.6M (20.7%)
United Kingdom$66.8M (93.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Valves BY United Kingdom WERE (2021 - 2022):
Norway-$60.9M (-25%)
Australia-$52.2M (-36.9%)
Indonesia-$29.1M (-72.1%)
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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 Valves were:
China $22.9B
Germany $14.7B
United States $12.5B
In 2022, United Kingdom's main importing competitors in Valves were:
United States $16.8B
Germany $7.9B
China $7.84B

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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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