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2022
Exports $4.71MWorld Rnk 32 / 89
Flag Rnk 963 / 1216
2022
Destination $3.19M Portugal
2021 - 2022
FASTEST GROWING MARKET $3.19MPortugal
2022
PRODUCT COMPLEXITY IN Iron Reductions-1.54Rnk 951 / 1025
2022
Imports $1.36MWorld Rnk 52 / 144
Flag Rnk 1158 / 1214
2022
Origin $268k Japan
2021 - 2022
FASTEST GROWING ORIGIN $268kUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $4.71M in Iron Reductions, making it the 32nd largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 963rd most exported product in United Kingdom. The main destination of Iron Reductions exports from United Kingdom are: Portugal ($3.19M), Ireland ($546k), United States ($282k), Germany ($134k), and India ($113k).

The fastest growing export markets for Iron Reductions of United Kingdom between 2021 and 2022 were Portugal ($3.19M), Ireland ($486k), and Germany ($116k).

Imports In 2022, United Kingdom imported $1.36M in Iron Reductions, becoming the 52nd largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 1158th most imported product in United Kingdom. United Kingdom imports Iron Reductions primarily from: Japan ($758k), United States ($279k), China ($145k), Norway ($90.7k), and Ireland ($24.7k).

The fastest growing import markets in Iron Reductions for United Kingdom between 2021 and 2022 were United States ($268k), China ($63.3k), and Italy ($15.5k).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Iron Reductions exports accounted up to £344k and imports accounted up to £172k, resulting in a positive trade balance of £172k. Between June 2023 and June 2024 the exports of United Kingdom's   Iron Reductions have increased by £294k (580%) from £50.6k to £344k, while imports decreased by £-16.5k (-8.75%) from £188k to £172k.

Destinations In June 2024, Iron Reductions were exported mostly to Finland (£250k), United States (£45.4k), Ireland (£17.4k), Netherlands (£11k), and Norway (£9.75k), and were imported mostly from .

Growth In June 2024, the increase in Iron Reductions's year-by-year exports was explained primarily by an increase in exports to . In May 2024, the decrease in Iron Reductions's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£294k(580%)
IMPORT GROWTH (April 2023 - May 2024)£-16.5k(-8.75%)
MAIN EXPORTER (June 2024)Immingham£276k
MAIN DESTINATION (June 2024)Finland£250k

This section shows Iron Reductions'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 Iron Reductions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.71M
IMPORTS (2022)$1.36M
NET TRADE (2022)$3.35M

In 2022, United Kingdom exported $4.71M in Iron Reductions. The main destinations of United Kingdom exports on Iron Reductions were Portugal ($3.19M), Ireland ($546k), United States ($282k), Germany ($134k), and India ($113k).

In 2022, United Kingdom imported $1.36M in Iron Reductions, mainly from Japan ($758k), United States ($279k), China ($145k), Norway ($90.7k), and Ireland ($24.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Portugal$3.19M (1%)
Ireland$486k (810%)
Germany$116k (641%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY United Kingdom WERE (2021 - 2022):
Spain-$7.39M (-99.9%)
Belgium-$2.65M (-100%)
Norway-$2.47M (-98.9%)
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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 Iron Reductions were:
Russia $1.26B
Trinidad and Tobago $872M
Qatar $625M
In 2022, United Kingdom's main importing competitors in Iron Reductions were:
United States $885M
Kuwait $767M
Italy $415M

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $494k
TOP IMPORT POTENTIALUnited States+ $301k

Iron Reductions’s highest export potential is United States. With an export gap of $494k.   Iron Reductions’s highest import potential is United States with an import gap of $301k.

See methodology.

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