Industrial Fatty Acids, Oils and Alcohols in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $2.08B in Industrial Fatty Acids, Oils and Alcohols, making it the 12th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 31st most exported product in United Kingdom. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from United Kingdom are: Netherlands ($654M), Germany ($129M), Belgium ($121M), United States ($110M), and Ireland ($88.6M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of United Kingdom between 2021 and 2022 were Italy ($50.2M), Hungary ($29.6M), and Saudi Arabia ($18.9M).

Imports In 2022, United Kingdom imported $3.73B in Industrial Fatty Acids, Oils and Alcohols, becoming the 9th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 25th most imported product in United Kingdom. United Kingdom imports Industrial Fatty Acids, Oils and Alcohols primarily from: China ($1.62B), Netherlands ($590M), Ireland ($293M), Germany ($286M), and France ($191M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for United Kingdom between 2021 and 2022 were China ($1.35B), Malaysia ($74.1M), and Chinese Taipei ($31.5M).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (4) and Amazon (1) were at the forefront of shipping Industrial Fatty Acids, Oils and Alcohols from United Kingdom to the United States.

Latest Trends

June 2024

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Overview In June 2024 United Kingdom's Industrial Fatty Acids, Oils and Alcohols exports accounted up to £1.42M and imports accounted up to £20.8M, resulting in a negative trade balance of £19.4M. Between June 2023 and June 2024 the exports of United Kingdom's Industrial Fatty Acids, Oils and Alcohols have increased by £265k (23%) from £1.15M to £1.42M, while imports increased by £1.2M (6.14%) from £19.6M to £20.8M.

Destinations In June 2024, Industrial Fatty Acids, Oils and Alcohols were exported mostly to Netherlands (£550k), France (£178k), Ireland (£170k), Spain (£109k), and United States (£75.1k), and were imported mostly from Netherlands (£6.66M), Germany (£4.31M), Belgium (£2.07M), Italy (£1.42M), and Papua New Guinea (£1.26M).

Growth In June 2024, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year exports was explained primarily by an increase in exports to Switzerland (£205k or 1.56k%), Ireland (£57.3k or 53.4%), and United Arab Emirates (£46.8k or 790%). In June 2024, the increase in Industrial Fatty Acids, Oils and Alcohols's year-by-year imports was explained primarily by an increase in imports from Germany (£2.55M or 43.4%), Netherlands (£2.46M or 16.1%), and France (£840k or 96.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)£265k(23%)

IMPORT GROWTH (June 2023 - June 2024)£1.2M(6.14%)

MAIN DESTINATION (June 2024)Netherlands£550k

This section shows Industrial Fatty Acids, Oils and Alcohols'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 Industrial Fatty Acids, Oils and Alcohols over time.

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