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2022
Exports $1.85BWorld Rnk 10 / 219
Flag Rnk 41 / 1216
2022
Destination $65.5M United States
2021 - 2022
FASTEST GROWING MARKET $65.5MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Electrical Control Boards0.56Rnk 343 / 1025
2022
Imports $2.29BWorld Rnk 5 / 224
Flag Rnk 55 / 1214
2022
Origin $65.5M Germany
2021 - 2022
FASTEST GROWING ORIGIN $65.5MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $1.85B in Electrical Control Boards, making it the 10th largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 41st most exported product in United Kingdom. The main destination of Electrical Control Boards exports from United Kingdom are: United States ($404M), Germany ($192M), United Kingdom ($162M), China ($125M), and Netherlands ($100M).

The fastest growing export markets for Electrical Control Boards of United Kingdom between 2021 and 2022 were United Kingdom ($65.5M), Netherlands ($26.1M), and Germany ($20.2M).

Imports In 2022, United Kingdom imported $2.29B in Electrical Control Boards, becoming the 5th largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 55th most imported product in United Kingdom. United Kingdom imports Electrical Control Boards primarily from: Germany ($449M), United States ($262M), China ($221M), United Kingdom ($162M), and France ($114M).

The fastest growing import markets in Electrical Control Boards for United Kingdom between 2021 and 2022 were United Kingdom ($65.5M), United States ($60.4M), and Mexico ($46.3M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (14) were at the forefront of shipping Electrical Control Boards from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Electrical Control Boards exports accounted up to £150M and imports accounted up to £221M, resulting in a negative trade balance of £70.8M. Between June 2023 and June 2024 the exports of United Kingdom's   Electrical Control Boards have decreased by £-246k (-0.16%) from £150M to £150M, while imports increased by £13.9M (6.71%) from £207M to £221M.

Destinations In June 2024, Electrical Control Boards were exported mostly to United States (£35.8M), Germany (£19M), France (£9.38M), Netherlands (£8.87M), and United Arab Emirates (£6.48M), and were imported mostly from Germany (£44.9M), United States (£37.7M), France (£20.1M), China (£19.8M), and Netherlands (£11.5M).

Growth In June 2024, the decrease in Electrical Control Boards's year-by-year exports was explained primarily by a decrease in exports to Luxembourg (£-1.3M or -95.7%), Saudi Arabia (£-1.3M or -55.6%), and Belgium (£-860k or -36.9%). In June 2024, the increase in Electrical Control Boards's year-by-year imports was explained primarily by an increase in imports from Mexico (£14.1M or 5.63k%), Germany (£11.2M or 35.2%), and United States (£8.98M or 40.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-246k(-0.16%)
IMPORT GROWTH (June 2023 - June 2024)£13.9M(6.71%)
MAIN EXPORTER (June 2024)London Heathrow Airport£51.7M
MAIN DESTINATION (June 2024)United States£35.8M

This section shows Electrical Control Boards'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 Electrical Control Boards over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.85B
IMPORTS (2022)$2.29B
NET TRADE (2022)-$438M

In 2022, United Kingdom exported $1.85B in Electrical Control Boards. The main destinations of United Kingdom exports on Electrical Control Boards were United States ($404M), Germany ($192M), United Kingdom ($162M), China ($125M), and Netherlands ($100M).

In 2022, United Kingdom imported $2.29B in Electrical Control Boards, mainly from Germany ($449M), United States ($262M), China ($221M), United Kingdom ($162M), and France ($114M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$65.5M (68.2%)
Netherlands$26.1M (35.1%)
Germany$20.2M (11.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY United Kingdom WERE (2021 - 2022):
Sweden-$32.7M (-56.2%)
Russia-$20.5M (-93.6%)
Bahrain-$9.62M (-77.9%)
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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 Electrical Control Boards were:
China $14.2B
Germany $11.3B
Mexico $7.12B
In 2022, United Kingdom's main importing competitors in Electrical Control Boards were:
United States $16.6B
Germany $8.76B
China $5.33B

Explore Visualizations

Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $98.6M
TOP IMPORT POTENTIALChina+ $133M

Electrical Control Boards’s highest export potential is United States. With an export gap of $98.6M.   Electrical Control Boards’s highest import potential is China with an import gap of $133M.

See methodology.

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