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2022
Exports $20.7MWorld Rnk 30 / 124
Flag Rnk 732 / 1216
2022
Destination $2.18M Germany
2021 - 2022
FASTEST GROWING MARKET $2.18MGermany
2022
PRODUCT COMPLEXITY IN Large Flat-Rolled Iron0.61Rnk 318 / 1025
2022
Imports $74.9MWorld Rnk 25 / 201
Flag Rnk 660 / 1214
2022
Origin $5.81M Germany
2021 - 2022
FASTEST GROWING ORIGIN $5.81MUzbekistan
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $20.7M in Large Flat-Rolled Iron, making it the 30th largest exporter of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 732nd most exported product in United Kingdom. The main destination of Large Flat-Rolled Iron exports from United Kingdom are: Germany ($5.03M), Sweden ($5.03M), Ireland ($3.01M), France ($911k), and Spain ($898k).

The fastest growing export markets for Large Flat-Rolled Iron of United Kingdom between 2021 and 2022 were Germany ($2.18M), Sweden ($1.95M), and Ireland ($687k).

Imports In 2022, United Kingdom imported $74.9M in Large Flat-Rolled Iron, becoming the 25th largest importer of Large Flat-Rolled Iron in the world. At the same year, Large Flat-Rolled Iron was the 660th most imported product in United Kingdom. United Kingdom imports Large Flat-Rolled Iron primarily from: Germany ($22.4M), Italy ($6.71M), Austria ($6.06M), Uzbekistan ($5.81M), and Switzerland ($5.75M).

The fastest growing import markets in Large Flat-Rolled Iron for United Kingdom between 2021 and 2022 were Uzbekistan ($5.81M), Turkey ($3.66M), and Switzerland ($2.25M).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Large Flat-Rolled Iron exports accounted up to £385k and imports accounted up to £5.06M, resulting in a negative trade balance of £4.67M. Between June 2023 and June 2024 the exports of United Kingdom's   Large Flat-Rolled Iron have decreased by £-314k (-44.9%) from £699k to £385k, while imports increased by £1.5M (42.1%) from £3.56M to £5.06M.

Destinations In June 2024, Large Flat-Rolled Iron were exported mostly to Ireland (£141k), Poland (£62.8k), Ecuador (£59.8k), Netherlands (£18.9k), and Austria (£17.9k), and were imported mostly from Austria (£1.29M), Germany (£1.16M), France (£355k), Czechia (£344k), and Switzerland (£329k).

Growth In June 2024, the decrease in Large Flat-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Sweden (£-452k or -89.6%), Poland (£-44.4k or -63.6%), and United States (£-35.7k or -63.5%). In June 2024, the increase in Large Flat-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from Turkey (£468k or 59.5%), Austria (£322k or 311%), and United States (£56k or 388%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£-314k(-44.9%)
IMPORT GROWTH (June 2023 - June 2024)£1.5M(42.1%)
MAIN EXPORTER (June 2024)London Heathrow Airport£243k
MAIN DESTINATION (June 2024)Ireland£141k

This section shows Large Flat-Rolled Iron'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 Large Flat-Rolled Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.7M
IMPORTS (2022)$74.9M
NET TRADE (2022)-$54.2M

In 2022, United Kingdom exported $20.7M in Large Flat-Rolled Iron. The main destinations of United Kingdom exports on Large Flat-Rolled Iron were Germany ($5.03M), Sweden ($5.03M), Ireland ($3.01M), France ($911k), and Spain ($898k).

In 2022, United Kingdom imported $74.9M in Large Flat-Rolled Iron, mainly from Germany ($22.4M), Italy ($6.71M), Austria ($6.06M), Uzbekistan ($5.81M), and Switzerland ($5.75M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Iron EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Germany$2.18M (76.2%)
Sweden$1.95M (63.3%)
Ireland$687k (29.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Iron BY United Kingdom WERE (2021 - 2022):
Spain-$959k (-51.6%)
Portugal-$648k (-88.3%)
India-$582k (-96%)
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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 Large Flat-Rolled Iron were:
Germany $1.46B
Italy $674M
China $504M
In 2022, United Kingdom's main importing competitors in Large Flat-Rolled Iron were:
Germany $640M
France $459M
United States $418M

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Trade Value of Large Flat-Rolled Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.38M
TOP IMPORT POTENTIALGermany+ $7.41M

Large Flat-Rolled Iron’s highest export potential is Germany. With an export gap of $2.38M.   Large Flat-Rolled Iron’s highest import potential is Germany with an import gap of $7.41M.

See methodology.

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