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2022
Exports $939MWorld Rnk 17 / 216
Flag Rnk 85 / 1216
2022
Destination $41.2M United States
2021 - 2022
FASTEST GROWING MARKET $41.2MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Electric Motors0.76Rnk 259 / 1025
2022
Imports $1.49BWorld Rnk 13 / 226
Flag Rnk 91 / 1214
2022
Origin $79.2M Germany
2021 - 2022
FASTEST GROWING ORIGIN $79.2MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $939M in Electric Motors, making it the 17th largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 85th most exported product in United Kingdom. The main destination of Electric Motors exports from United Kingdom are: United States ($161M), Germany ($120M), United Kingdom ($74.6M), France ($54.5M), and Italy ($43.5M).

The fastest growing export markets for Electric Motors of United Kingdom between 2021 and 2022 were United Kingdom ($41.2M), United States ($22M), and South Korea ($19.8M).

Imports In 2022, United Kingdom imported $1.49B in Electric Motors, becoming the 13th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 91st most imported product in United Kingdom. United Kingdom imports Electric Motors primarily from: Germany ($255M), United States ($254M), China ($247M), Switzerland ($75.3M), and United Kingdom ($74.6M).

The fastest growing import markets in Electric Motors for United Kingdom between 2021 and 2022 were United States ($79.2M), United Kingdom ($41.2M), and China ($17.2M).

COMPANIES In 2023, leading companies such as Robert Bosch (6), Amazon (3), and Dole Fresh Fruit (2) were at the forefront of shipping Electric Motors from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Electric Motors exports accounted up to £71.1M and imports accounted up to £126M, resulting in a negative trade balance of £55.3M. Between June 2023 and June 2024 the exports of United Kingdom's   Electric Motors have increased by £2.45M (3.57%) from £68.7M to £71.1M, while imports increased by £1.26M (1.01%) from £125M to £126M.

Destinations In June 2024, Electric Motors were exported mostly to United States (£13.4M), Germany (£12.9M), France (£5.67M), Italy (£5.06M), and United Arab Emirates (£3.83M), and were imported mostly from Germany (£24.7M), United States (£18.2M), China (£17.4M), France (£11.2M), and Netherlands (£10.5M).

Growth In June 2024, the increase in Electric Motors's year-by-year exports was explained primarily by an increase in exports to Germany (£4.4M or 94%), France (£3.93M or 114%), and Italy (£2.08M or 152%). In June 2024, the increase in Electric Motors's year-by-year imports was explained primarily by an increase in imports from France (£14.2M or 165%), Singapore (£2.55M or 427%), and Netherlands (£2.39M or 66.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£2.45M(3.57%)
IMPORT GROWTH (June 2023 - June 2024)£1.26M(1.01%)
MAIN EXPORTER (June 2024)London Heathrow Airport£27M
MAIN DESTINATION (June 2024)United States£13.4M

This section shows Electric Motors'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 Electric Motors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$939M
IMPORTS (2022)$1.49B
NET TRADE (2022)-$554M

In 2022, United Kingdom exported $939M in Electric Motors. The main destinations of United Kingdom exports on Electric Motors were United States ($161M), Germany ($120M), United Kingdom ($74.6M), France ($54.5M), and Italy ($43.5M).

In 2022, United Kingdom imported $1.49B in Electric Motors, mainly from Germany ($255M), United States ($254M), China ($247M), Switzerland ($75.3M), and United Kingdom ($74.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$41.2M (123%)
United States$22M (15.9%)
South Korea$19.8M (146%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY United Kingdom WERE (2021 - 2022):
Hungary-$17.3M (-91.3%)
Japan-$5.89M (-30.4%)
China-$5.48M (-33.9%)
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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 Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, United Kingdom's main importing competitors in Electric Motors were:
United States $12.1B
Germany $7.08B
China $4.2B

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $68.1M
TOP IMPORT POTENTIALChina+ $114M

Electric Motors’s highest export potential is United States. With an export gap of $68.1M.   Electric Motors’s highest import potential is China with an import gap of $114M.

See methodology.

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