Hot-Rolled Iron in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $478M in Hot-Rolled Iron, making it the 31st largest exporter of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 150th most exported product in United Kingdom. The main destination of Hot-Rolled Iron exports from United Kingdom are: Turkey ($118M), Spain ($74.1M), Netherlands ($70.8M), Ireland ($61.8M), and France ($30.6M).

The fastest growing export markets for Hot-Rolled Iron of United Kingdom between 2021 and 2022 were Turkey ($90.7M), Netherlands ($17.3M), and Italy ($12.8M).

Imports In 2022, United Kingdom imported $836M in Hot-Rolled Iron, becoming the 26th largest importer of Hot-Rolled Iron in the world. At the same year, Hot-Rolled Iron was the 156th most imported product in United Kingdom. United Kingdom imports Hot-Rolled Iron primarily from: Belgium ($150M), Netherlands ($143M), Germany ($123M), Sweden ($64.5M), and India ($63.1M).

The fastest growing import markets in Hot-Rolled Iron for United Kingdom between 2021 and 2022 were Belgium ($86.4M), Netherlands ($49M), and Germany ($28.9M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Hot-Rolled Iron from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Hot-Rolled Iron exports accounted up to £17.5M and imports accounted up to £74.6M, resulting in a negative trade balance of £57.1M. Between January 2023 and January 2024 the exports of United Kingdom's Hot-Rolled Iron have decreased by £-18M (-50.7%) from £35.5M to £17.5M, while imports increased by £40.1M (116%) from £34.5M to £74.6M.

Destinations In January 2024, Hot-Rolled Iron were exported mostly to Ireland (£6.11M), Spain (£3.42M), Netherlands (£3.17M), France (£1.29M), and Turkey (£1.18M), and were imported mostly from India (£11.2M), South Korea (£10.2M), Germany (£9.4M), Netherlands (£8M), and Belgium (£7.83M).

Growth In January 2024, the decrease in Hot-Rolled Iron's year-by-year exports was explained primarily by a decrease in exports to Turkey (£-35.6M or -69.1%), Spain (£-932k or -39.1%), and Ireland (£-552k or -7.53%). In January 2024, the increase in Hot-Rolled Iron's year-by-year imports was explained primarily by an increase in imports from Sweden (£2.37M or 80.9%), Finland (£1.66M or 94.1%), and France (£542k or 98.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-18M(-50.7%)

IMPORT GROWTH (January 2023 - January 2024)£40.1M(116%)

MAIN EXPORTER (January 2024)Newport- Gwent£6.55M

MAIN DESTINATION (January 2024)Ireland£6.11M

This section shows Hot-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 Hot-Rolled Iron over time.

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