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Pricing

2022
Exports $2.07MWorld Rnk 42 / 92
Flag Rnk 1049 / 1216
2022
Destination $994k Germany
2021 - 2022
FASTEST GROWING MARKET $994kGermany
2022
PRODUCT COMPLEXITY IN Pig Iron-1.18Rnk 876 / 1025
2022
Imports $29.1MWorld Rnk 22 / 141
Flag Rnk 851 / 1214
2022
Origin $7.52M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $7.52MBrazil
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $2.07M in Pig Iron, making it the 42nd largest exporter of Pig Iron in the world. At the same year, Pig Iron was the 1049th most exported product in United Kingdom. The main destination of Pig Iron exports from United Kingdom are: Germany ($1.08M), France ($209k), Norway ($188k), Ireland ($143k), and Belgium ($97k).

The fastest growing export markets for Pig Iron of United Kingdom between 2021 and 2022 were Germany ($994k), France ($102k), and Belgium ($96.7k).

Imports In 2022, United Kingdom imported $29.1M in Pig Iron, becoming the 22nd largest importer of Pig Iron in the world. At the same year, Pig Iron was the 851st most imported product in United Kingdom. United Kingdom imports Pig Iron primarily from: Brazil ($11.4M), South Africa ($6.29M), Netherlands ($3.73M), Russia ($2.83M), and Canada ($1.85M).

The fastest growing import markets in Pig Iron for United Kingdom between 2021 and 2022 were Brazil ($7.52M), Russia ($2.83M), and Canada ($1.85M).

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Pig Iron exports accounted up to £81.1k and imports accounted up to £91.6k, resulting in a negative trade balance of £10.5k. Between June 2023 and June 2024 the exports of United Kingdom's   Pig Iron have increased by £26.8k (49.4%) from £54.3k to £81.1k, while imports decreased by £-68.9k (-42.9%) from £160k to £91.6k.

Destinations In June 2024, Pig Iron were exported mostly to United States (£79.6k) and South Korea (£1.55k), and were imported mostly from South Korea (£26.2k), Belgium (£23.4k), France (£13.4k), Netherlands (£12k), and Germany (£7.1k).

Growth In June 2024, the increase in Pig Iron's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the decrease in Pig Iron'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)£26.8k(49.4%)
IMPORT GROWTH (June 2023 - June 2024)£-68.9k(-42.9%)
MAIN EXPORTER (June 2024)Immingham£8.11M
MAIN DESTINATION (June 2024)United States£79.6k

This section shows Pig 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 Pig Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.07M
IMPORTS (2022)$29.1M
NET TRADE (2022)-$27M

In 2022, United Kingdom exported $2.07M in Pig Iron. The main destinations of United Kingdom exports on Pig Iron were Germany ($1.08M), France ($209k), Norway ($188k), Ireland ($143k), and Belgium ($97k).

In 2022, United Kingdom imported $29.1M in Pig Iron, mainly from Brazil ($11.4M), South Africa ($6.29M), Netherlands ($3.73M), Russia ($2.83M), and Canada ($1.85M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pig Iron EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Germany$994k (1.16k%)
France$102k (95.9%)
Belgium$96.7k (37.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pig Iron BY United Kingdom WERE (2021 - 2022):
Egypt-$702k (-100%)
India-$337k (-77.7%)
Norway-$288k (-60.5%)
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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 Pig Iron were:
Brazil $2.3B
Russia $1.78B
Ukraine $668M
In 2022, United Kingdom's main importing competitors in Pig Iron were:
United States $2.87B
Italy $705M
Turkey $666M

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Trade Value of Pig Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $219k
TOP IMPORT POTENTIALBrazil+ $3.44M

Pig Iron’s highest export potential is Germany. With an export gap of $219k.   Pig Iron’s highest import potential is Brazil with an import gap of $3.44M.

See methodology.

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