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2022
Exports $112MWorld Rnk 7 / 175
Flag Rnk 386 / 1216
2022
Destination $3.52M United States
2021 - 2022
FASTEST GROWING MARKET $3.52MBelgium
2022
PRODUCT COMPLEXITY IN Sound Recording Equipment0.32Rnk 439 / 1025
2022
Imports $238MWorld Rnk 4 / 209
Flag Rnk 409 / 1214
2022
Origin $108M China
2021 - 2022
FASTEST GROWING ORIGIN $108MChina
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $112M in Sound Recording Equipment, making it the 7th largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 386th most exported product in United Kingdom. The main destination of Sound Recording Equipment exports from United Kingdom are: United States ($20.8M), Germany ($8.51M), France ($8.13M), Ireland ($6.71M), and Belgium ($5.8M).

The fastest growing export markets for Sound Recording Equipment of United Kingdom between 2021 and 2022 were Belgium ($3.52M), Ireland ($3.14M), and United Kingdom ($2.52M).

Imports In 2022, United Kingdom imported $238M in Sound Recording Equipment, becoming the 4th largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 409th most imported product in United Kingdom. United Kingdom imports Sound Recording Equipment primarily from: China ($140M), Vietnam ($29M), Germany ($16.7M), United States ($8.29M), and Malaysia ($7.39M).

The fastest growing import markets in Sound Recording Equipment for United Kingdom between 2021 and 2022 were China ($108M), Vietnam ($23.5M), and Germany ($11.4M).

COMPANIES In 2023, leading companies such as Amazon (7) and J.C. Bamford (1) were at the forefront of shipping Sound Recording Equipment from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Sound Recording Equipment exports accounted up to £8.3M and imports accounted up to £15.2M, resulting in a negative trade balance of £6.88M. Between June 2023 and June 2024 the exports of United Kingdom's   Sound Recording Equipment have increased by £1.46M (21.4%) from £6.84M to £8.3M, while imports increased by £2.58M (20.5%) from £12.6M to £15.2M.

Destinations In June 2024, Sound Recording Equipment were exported mostly to United States (£1.67M), Brazil (£913k), Ireland (£675k), Belgium (£491k), and France (£452k), and were imported mostly from China (£4.62M), Netherlands (£3.37M), Vietnam (£1.48M), Malaysia (£1.29M), and United States (£1.12M).

Growth In June 2024, the increase in Sound Recording Equipment's year-by-year exports was explained primarily by an increase in exports to Slovakia (£371k or 39.6k%), Germany (£148k or 47.1%), and Belgium (£138k or 59.5%). In June 2024, the increase in Sound Recording Equipment's year-by-year imports was explained primarily by an increase in imports from Vietnam (£1.63M or 434%), United States (£136k or 24.6%), and Australia (£113k or 359%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£1.46M(21.4%)
IMPORT GROWTH (June 2023 - June 2024)£2.58M(20.5%)
MAIN EXPORTER (June 2024)London Heathrow Airport£2.38M
MAIN DESTINATION (June 2024)United States£1.67M

This section shows Sound Recording 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 Sound Recording Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$112M
IMPORTS (2022)$238M
NET TRADE (2022)-$126M

In 2022, United Kingdom exported $112M in Sound Recording Equipment. The main destinations of United Kingdom exports on Sound Recording Equipment were United States ($20.8M), Germany ($8.51M), France ($8.13M), Ireland ($6.71M), and Belgium ($5.8M).

In 2022, United Kingdom imported $238M in Sound Recording Equipment, mainly from China ($140M), Vietnam ($29M), Germany ($16.7M), United States ($8.29M), and Malaysia ($7.39M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Belgium$3.52M (155%)
Ireland$3.14M (87.8%)
United Kingdom$2.52M (403%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY United Kingdom WERE (2021 - 2022):
Russia-$811k (-63.7%)
Italy-$460k (-14.3%)
Switzerland-$391k (-19.9%)
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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 Sound Recording Equipment were:
China $2.17B
Netherlands $332M
Vietnam $211M
In 2022, United Kingdom's main importing competitors in Sound Recording Equipment were:
United States $1.01B
Germany $425M
Netherlands $324M

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Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.61M
TOP IMPORT POTENTIALChina+ $7.33M

Sound Recording Equipment’s highest export potential is United States. With an export gap of $5.61M.   Sound Recording Equipment’s highest import potential is China with an import gap of $7.33M.

See methodology.

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