Hops in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $10.2M in Hops, making it the 9th largest exporter of Hops in the world. At the same year, Hops was the 848th most exported product in United Kingdom. The main destination of Hops exports from United Kingdom are: United States ($1.38M), Russia ($983k), Canada ($868k), Kyrgyzstan ($848k), and Sweden ($753k).

The fastest growing export markets for Hops of United Kingdom between 2021 and 2022 were United States ($943k), Kyrgyzstan ($848k), and Poland ($579k).

Imports In 2022, United Kingdom imported $78.3M in Hops, becoming the 2nd largest importer of Hops in the world. At the same year, Hops was the 647th most imported product in United Kingdom. United Kingdom imports Hops primarily from: United States ($44.2M), Germany ($20.9M), Canada ($3.71M), Czechia ($2.14M), and New Zealand ($2.07M).

The fastest growing import markets in Hops for United Kingdom between 2021 and 2022 were United States ($15.2M), Canada ($3.71M), and Germany ($3.09M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Hops from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Hops exports accounted up to £413k and imports accounted up to £6.79M, resulting in a negative trade balance of £6.38M. Between June 2023 and June 2024 the exports of United Kingdom's Hops have decreased by £-77.1k (-15.7%) from £491k to £413k, while imports increased by £2.06M (43.5%) from £4.73M to £6.79M.

Destinations In June 2024, Hops were exported mostly to Belarus (£223k), Russia (£94.5k), Kyrgyzstan (£34.6k), Norway (£28.6k), and Israel (£8.71k), and were imported mostly from United States (£2M), Belgium (£1.55M), Germany (£995k), Czechia (£932k), and New Zealand (£741k).

Growth In June 2024, the decrease in Hops's year-by-year exports was explained primarily by a decrease in exports to Norway (£-46.6k or -98.1%), France (£-12.9k or -82.1%), and Lithuania (£-9.02k or -51.6%). In June 2024, the increase in Hops's year-by-year imports was explained primarily by an increase in imports from Belgium (£389k or 30.5%), United States (£385k or 31.3%), and Poland (£77.7k or 66.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)£-77.1k(-15.7%)

IMPORT GROWTH (June 2023 - June 2024)£2.06M(43.5%)

MAIN EXPORTER (June 2024)Dover Eurotunnel£739k

MAIN DESTINATION (June 2024)Belarus£223k

This section shows Hops'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 Hops over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$10.2M

IMPORTS (2022)$78.3M

NET TRADE (2022)-$68.2M

In 2022, United Kingdom exported $10.2M in Hops. The main destinations of United Kingdom exports on Hops were United States ($1.38M), Russia ($983k), Canada ($868k), Kyrgyzstan ($848k), and Sweden ($753k).

In 2022, United Kingdom imported $78.3M in Hops, mainly from United States ($44.2M), Germany ($20.9M), Canada ($3.71M), Czechia ($2.14M), and New Zealand ($2.07M).

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