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2022
Exports $24.9MWorld Rnk 13 / 134
Flag Rnk 699 / 1216
2022
Destination $1.4M Chinese Taipei
2021 - 2022
FASTEST GROWING MARKET $1.4MNigeria
2022
PRODUCT COMPLEXITY IN Photo Lab Equipment2.12Rnk 3 / 1025
2022
Imports $18.8MWorld Rnk 11 / 203
Flag Rnk 924 / 1214
2022
Origin $402k China
2021 - 2022
FASTEST GROWING ORIGIN $402kIndonesia
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $24.9M in Photo Lab Equipment, making it the 13th largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 699th most exported product in United Kingdom. The main destination of Photo Lab Equipment exports from United Kingdom are: Chinese Taipei ($13.3M), United States ($1.74M), India ($1.62M), Nigeria ($1.44M), and South Korea ($636k).

The fastest growing export markets for Photo Lab Equipment of United Kingdom between 2021 and 2022 were Nigeria ($1.4M), Qatar ($445k), and Cote d'Ivoire ($160k).

Imports In 2022, United Kingdom imported $18.8M in Photo Lab Equipment, becoming the 11th largest importer of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 924th most imported product in United Kingdom. United Kingdom imports Photo Lab Equipment primarily from: China ($4.36M), Germany ($2.79M), Netherlands ($1.63M), Chinese Taipei ($1.51M), and Italy ($1.48M).

The fastest growing import markets in Photo Lab Equipment for United Kingdom between 2021 and 2022 were Indonesia ($402k), Poland ($346k), and Australia ($202k).

COMPANIES In 2023, leading companies such as Amazon (2) were at the forefront of shipping Photo Lab Equipment from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Photo Lab Equipment exports accounted up to £387k and imports accounted up to £918k, resulting in a negative trade balance of £531k. Between June 2023 and June 2024 the exports of United Kingdom's   Photo Lab Equipment have decreased by £-160k (-29.2%) from £547k to £387k, while imports increased by £2.61k (0.29%) from £916k to £918k.

Destinations In June 2024, Photo Lab Equipment were exported mostly to Germany (£113k), United States (£53.9k), Ireland (£46.8k), France (£25.4k), and Hong Kong (£25.2k), and were imported mostly from China (£215k), Italy (£172k), Netherlands (£133k), United States (£107k), and Germany (£96.5k).

Growth In June 2024, the decrease in Photo Lab Equipment's year-by-year exports was explained primarily by a decrease in exports to Netherlands (£-51.2k or -76%), Sweden (£-12.8k or -80.6%), and Japan (£-11k or -65.2%). In June 2024, the increase in Photo Lab Equipment's year-by-year imports was explained primarily by an increase in imports from China (£305k or 194%), Netherlands (£212k or 140%), and Germany (£92.1k or 228%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-160k(-29.2%)
IMPORT GROWTH (June 2023 - June 2024)£2.61k(0.29%)
MAIN EXPORTER (June 2024)London Heathrow Airport£387k
MAIN DESTINATION (June 2024)Germany£113k

This section shows Photo Lab Equipment'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 Photo Lab Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.9M
IMPORTS (2022)$18.8M
NET TRADE (2022)$6.02M

In 2022, United Kingdom exported $24.9M in Photo Lab Equipment. The main destinations of United Kingdom exports on Photo Lab Equipment were Chinese Taipei ($13.3M), United States ($1.74M), India ($1.62M), Nigeria ($1.44M), and South Korea ($636k).

In 2022, United Kingdom imported $18.8M in Photo Lab Equipment, mainly from China ($4.36M), Germany ($2.79M), Netherlands ($1.63M), Chinese Taipei ($1.51M), and Italy ($1.48M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Photo Lab Equipment EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Nigeria$1.4M (3.7k%)
Qatar$445k (2.03k%)
Cote d'Ivoire$160k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photo Lab Equipment BY United Kingdom WERE (2021 - 2022):
China-$195M (-99.9%)
Germany-$70.6M (-99.1%)
United States-$52.9M (-96.8%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Photo Lab Equipment were:
Netherlands $7.53B
Singapore $2.56B
Chinese Taipei $2.26B
In 2022, United Kingdom's main importing competitors in Photo Lab Equipment were:
Chinese Taipei $14.6B
China $819M
Singapore $559M

Explore Visualizations

Trade Value of Photo Lab Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $456k
TOP IMPORT POTENTIALChina+ $718k

Photo Lab Equipment’s highest export potential is United States. With an export gap of $456k.   Photo Lab Equipment’s highest import potential is China with an import gap of $718k.

See methodology.

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