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Pricing

2022
Exports $60.6MWorld Rnk 12 / 78
Flag Rnk 495 / 1216
2022
Destination $8.23M Spain
2021 - 2022
FASTEST GROWING MARKET $8.23MBelgium
2022
PRODUCT COMPLEXITY IN Tanks and Armored vehicles-0.46Rnk 688 / 1025
2022
Imports $59.6MWorld Rnk 20 / 130
Flag Rnk 703 / 1214
2022
Origin $2.04M Spain
2021 - 2022
FASTEST GROWING ORIGIN $2.04MIsrael
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $60.6M in Tanks and Armored vehicles, making it the 12th largest exporter of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 495th most exported product in United Kingdom. The main destination of Tanks and Armored vehicles exports from United Kingdom are: Spain ($26.6M), Belgium ($12.6M), United States ($6.96M), Latvia ($3.38M), and Indonesia ($1.8M).

The fastest growing export markets for Tanks and Armored vehicles of United Kingdom between 2021 and 2022 were Belgium ($8.23M), Indonesia ($960k), and Canada ($936k).

Imports In 2022, United Kingdom imported $59.6M in Tanks and Armored vehicles, becoming the 20th largest importer of Tanks and Armored vehicles in the world. At the same year, Tanks and Armored vehicles was the 703rd most imported product in United Kingdom. United Kingdom imports Tanks and Armored vehicles primarily from: Spain ($46.3M), United States ($5.02M), Belgium ($2.7M), Denmark ($2.08M), and Israel ($2.04M).

The fastest growing import markets in Tanks and Armored vehicles for United Kingdom between 2021 and 2022 were Israel ($2.04M), South Korea ($464k), and Netherlands ($453k).

COMPANIES In 2023, leading companies such as Red Bull (2) were at the forefront of shipping Tanks and Armored vehicles from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Tanks and Armored vehicles exports accounted up to £12.4M and imports accounted up to £37.4M, resulting in a negative trade balance of £25M. Between June 2023 and June 2024 the exports of United Kingdom's   Tanks and Armored vehicles have increased by £3.61M (41.1%) from £8.78M to £12.4M, while imports increased by £25.9M (224%) from £11.5M to £37.4M.

Destinations In June 2024, Tanks and Armored vehicles were exported mostly to Rest of the world (£12.4M), and were imported mostly from Rest of the world (£37.4M).

Growth In June 2024, the increase in Tanks and Armored vehicles's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Tanks and Armored vehicles's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£3.61M(41.1%)
IMPORT GROWTH (June 2023 - June 2024)£25.9M(224%)
MAIN EXPORTER (June 2024)
MAIN DESTINATION (June 2024)Rest of the world£12.4M

This section shows Tanks and Armored vehicles'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 Tanks and Armored vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$60.6M
IMPORTS (2022)$59.6M
NET TRADE (2022)$1.08M

In 2022, United Kingdom exported $60.6M in Tanks and Armored vehicles. The main destinations of United Kingdom exports on Tanks and Armored vehicles were Spain ($26.6M), Belgium ($12.6M), United States ($6.96M), Latvia ($3.38M), and Indonesia ($1.8M).

In 2022, United Kingdom imported $59.6M in Tanks and Armored vehicles, mainly from Spain ($46.3M), United States ($5.02M), Belgium ($2.7M), Denmark ($2.08M), and Israel ($2.04M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tanks and Armored vehicles EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Belgium$8.23M (188%)
Indonesia$960k (115%)
Canada$936k (255%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tanks and Armored vehicles BY United Kingdom WERE (2021 - 2022):
Norway-$11.8M (-94.8%)
Spain-$3.78M (-12.4%)
United States-$1.27M (-15.4%)
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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 Tanks and Armored vehicles were:
United States $954M
Canada $954M
Germany $377M
In 2022, United Kingdom's main importing competitors in Tanks and Armored vehicles were:
Saudi Arabia $674M
United States $379M
Kuwait $304M

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Trade Value of Tanks and Armored vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.65M
TOP IMPORT POTENTIALUnited States+ $2.78M

Tanks and Armored vehicles’s highest export potential is United States. With an export gap of $2.65M.   Tanks and Armored vehicles’s highest import potential is United States with an import gap of $2.78M.

See methodology.

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