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2022
Exports $1.86BWorld Rnk 3 / 97
Flag Rnk 40 / 1216
2022
Destination $58.5M North Macedonia
2021 - 2022
FASTEST GROWING MARKET $58.5MCzechia
2022
PRODUCT COMPLEXITY IN Precious Metal Compounds1.09Rnk 139 / 1025
2022
Imports $478MWorld Rnk 10 / 184
Flag Rnk 269 / 1214
2022
Origin $8.17M Germany
2021 - 2022
FASTEST GROWING ORIGIN $8.17MIreland
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $1.86B in Precious Metal Compounds, making it the 3rd largest exporter of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 40th most exported product in United Kingdom. The main destination of Precious Metal Compounds exports from United Kingdom are: North Macedonia ($510M), Malaysia ($274M), Netherlands ($217M), Germany ($189M), and France ($173M).

The fastest growing export markets for Precious Metal Compounds of United Kingdom between 2021 and 2022 were Czechia ($58.5M), China ($54.5M), and France ($49.3M).

Imports In 2022, United Kingdom imported $478M in Precious Metal Compounds, becoming the 10th largest importer of Precious Metal Compounds in the world. At the same year, Precious Metal Compounds was the 269th most imported product in United Kingdom. United Kingdom imports Precious Metal Compounds primarily from: Germany ($418M), Switzerland ($24.8M), United States ($13.2M), Ireland ($9.59M), and Japan ($3.27M).

The fastest growing import markets in Precious Metal Compounds for United Kingdom between 2021 and 2022 were Ireland ($8.17M), United Kingdom ($2.4M), and Norway ($353k).

COMPANIES In 2023, leading companies such as TE Connectivity (9) and Amazon (4) were at the forefront of shipping Precious Metal Compounds from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Precious Metal Compounds exports accounted up to £73.5M and imports accounted up to £4.42M, resulting in a positive trade balance of £69.1M. Between August 2023 and August 2024 the exports of United Kingdom's   Precious Metal Compounds have increased by £27.5M (59.8%) from £46M to £73.5M, while imports decreased by £-2.03M (-31.4%) from £6.45M to £4.42M.

Destinations In August 2024, Precious Metal Compounds were exported mostly to Belgium (£28M), North Macedonia (£14.3M), France (£12.9M), Germany (£10.5M), and Netherlands (£2.55M), and were imported mostly from Ireland (£1.66M), United States (£1.59M), Germany (£586k), Switzerland (£406k), and Colombia (£74.5k).

Growth In August 2024, the increase in Precious Metal Compounds's year-by-year exports was explained primarily by an increase in exports to Germany (£9.83M or 141%), France (£7.32M or 104%), and Malaysia (£3.61M or 27.9%). In August 2024, the decrease in Precious Metal Compounds's year-by-year imports was explained primarily by a decrease in imports from Switzerland (£-2.17M or -95.5%), Germany (£-1.09M or -82.4%), and United States (£-450k or -69.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£27.5M(59.8%)
IMPORT GROWTH (August 2023 - August 2024)£-2.03M(-31.4%)
MAIN EXPORTER (August 2024)Hull£44.7M
MAIN DESTINATION (August 2024)Belgium£28M

This section shows Precious Metal Compounds'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 Precious Metal Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.86B
IMPORTS (2022)$478M
NET TRADE (2022)$1.38B

In 2022, United Kingdom exported $1.86B in Precious Metal Compounds. The main destinations of United Kingdom exports on Precious Metal Compounds were North Macedonia ($510M), Malaysia ($274M), Netherlands ($217M), Germany ($189M), and France ($173M).

In 2022, United Kingdom imported $478M in Precious Metal Compounds, mainly from Germany ($418M), Switzerland ($24.8M), United States ($13.2M), Ireland ($9.59M), and Japan ($3.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Compounds EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Czechia$58.5M (626%)
China$54.5M (315%)
France$49.3M (39.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Compounds BY United Kingdom WERE (2021 - 2022):
Netherlands-$243M (-52.8%)
India-$71.9M (-93.9%)
North Macedonia-$55.1M (-9.75%)
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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 Precious Metal Compounds were:
Germany $3.18B
Japan $2.65B
In 2022, United Kingdom's main importing competitors in Precious Metal Compounds were:
India $1.47B
Czechia $1.07B
Germany $845M

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Trade Value of Precious Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $14.9M
TOP IMPORT POTENTIALGermany+ $9.86M

Precious Metal Compounds’s highest export potential is China. With an export gap of $14.9M.   Precious Metal Compounds’s highest import potential is Germany with an import gap of $9.86M.

See methodology.

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