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2022
Exports $813MWorld Rnk 8 / 193
Flag Rnk 91 / 1216
falsefalse United States
2022
PRODUCT COMPLEXITY IN Electric Generating Sets0.31Rnk 443 / 1025
2022
Imports $1.02BWorld Rnk 3 / 221
Flag Rnk 127 / 1214
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $813M in Electric Generating Sets, making it the 8th largest exporter of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 91st most exported product in United Kingdom. The main destination of Electric Generating Sets exports from United Kingdom are: United States ($79.1M), Ireland ($61.2M), Saudi Arabia ($39.1M), United Arab Emirates ($38.3M), and Netherlands ($32M).

Imports In 2022, United Kingdom imported $1.02B in Electric Generating Sets, becoming the 3rd largest importer of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 127th most imported product in United Kingdom. United Kingdom imports Electric Generating Sets primarily from: Germany ($345M), Denmark ($155M), China ($103M), Spain ($72M), and United States ($56.3M).

The fastest growing import markets in Electric Generating Sets for United Kingdom between 2021 and 2022 were China ($49.2M), Italy ($23.4M), and India ($16.1M).

COMPANIES In 2023, leading companies such as CNH Industrial (11), J.C. Bamford (2), and Amazon (1) were at the forefront of shipping Electric Generating Sets from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Electric Generating Sets exports accounted up to £68.7M and imports accounted up to £86.3M, resulting in a negative trade balance of £17.6M. Between June 2023 and June 2024 the exports of United Kingdom's   Electric Generating Sets have increased by £11.9M (21%) from £56.8M to £68.7M, while imports decreased by £-6.4M (-6.9%) from £92.7M to £86.3M.

Destinations In June 2024, Electric Generating Sets were exported mostly to Ireland (£12.1M), United States (£10.4M), Saudi Arabia (£5.95M), Netherlands (£5.68M), and France (£3.42M), and were imported mostly from Germany (£36.4M), France (£14.2M), United States (£7.06M), China (£4.35M), and Italy (£4.27M).

Growth In June 2024, the increase in Electric Generating Sets's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia (£5M or 414%), United States (£3.4M or 176%), and Turkey (£2M or 199%). In June 2024, the decrease in Electric Generating Sets's year-by-year imports was explained primarily by a decrease in imports from Germany (£-7.33M or -63.8%), Spain (£-3.44M or -77.8%), and Finland (£-183k or -35.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£11.9M(21%)
IMPORT GROWTH (June 2023 - June 2024)£-6.4M(-6.9%)
MAIN EXPORTER (June 2024)Dover Eurotunnel£16.3M
MAIN DESTINATION (June 2024)Ireland£12.1M

This section shows Electric Generating Sets'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 Electric Generating Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$813M
IMPORTS (2022)$1.02B
NET TRADE (2022)-$208M

In 2022, United Kingdom exported $813M in Electric Generating Sets. The main destinations of United Kingdom exports on Electric Generating Sets were United States ($79.1M), Ireland ($61.2M), Saudi Arabia ($39.1M), United Arab Emirates ($38.3M), and Netherlands ($32M).

In 2022, United Kingdom imported $1.02B in Electric Generating Sets, mainly from Germany ($345M), Denmark ($155M), China ($103M), Spain ($72M), and United States ($56.3M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
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Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, United Kingdom's main exporting competitors in Electric Generating Sets were:
China $8.15B
Germany $2.85B
United States $2.11B
In 2022, United Kingdom's main importing competitors in Electric Generating Sets were:
United States $2.63B
Canada $1.37B

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Trade Value of Electric Generating Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $28.9M
TOP IMPORT POTENTIALChina+ $52.9M

Electric Generating Sets’s highest export potential is United States. With an export gap of $28.9M.   Electric Generating Sets’s highest import potential is China with an import gap of $52.9M.

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