Valves in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $3.33B in Valves, making it the 7th largest exporter of Valves in the world. At the same year, Valves was the 20th most exported product in United Kingdom. The main destination of Valves exports from United Kingdom are: United States ($446M), China ($304M), Germany ($266M), Norway ($183M), and France ($154M).

The fastest growing export markets for Valves of United Kingdom between 2021 and 2022 were China ($82.9M), United States ($76.6M), and United Kingdom ($66.8M).

Imports In 2022, United Kingdom imported $3.55B in Valves, becoming the 7th largest importer of Valves in the world. At the same year, Valves was the 29th most imported product in United Kingdom. United Kingdom imports Valves primarily from: China ($744M), Germany ($590M), United States ($586M), Italy ($407M), and France ($168M).

The fastest growing import markets in Valves for United Kingdom between 2021 and 2022 were United States ($154M), United Kingdom ($66.8M), and Switzerland ($13.8M).

COMPANIES In 2023, leading companies such as ABB MOTORS AND MECHANICAL INC (68), PARKER EUROPE OCEAN (66), and DANFOSS POWER SOLUTIONS II, LLC (33) were at the forefront of shipping Valves from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Valves exports accounted up to £219M and imports accounted up to £272M, resulting in a negative trade balance of £53.3M. Between January 2023 and January 2024 the exports of United Kingdom's Valves have decreased by £-11M (-4.8%) from £230M to £219M, while imports increased by £30.1M (12.4%) from £242M to £272M.

Destinations In January 2024, Valves were exported mostly to United States (£31.7M), Germany (£20.2M), France (£15.1M), China (£13.5M), and Ireland (£8.93M), and were imported mostly from United States (£61.5M), Germany (£43.5M), China (£36.4M), Italy (£23.4M), and France (£16.1M).

Growth In January 2024, the decrease in Valves's year-by-year exports was explained primarily by a decrease in exports to Norway (£-8.08M or -54.8%), South Africa (£-5.14M or -84.5%), and China (£-2.38M or -20.2%). In January 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from United States (£13.8M or 48.8%), Germany (£10.1M or 30.9%), and Norway (£3M or 252%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-11M(-4.8%)

IMPORT GROWTH (January 2023 - January 2024)£30.1M(12.4%)

MAIN EXPORTER (January 2024)London Heathrow Airport£51.2M

MAIN DESTINATION (January 2024)United States£31.7M

This section shows Valves'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 Valves over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$3.33B

IMPORTS (2022)$3.55B

NET TRADE (2022)-$221M

In 2022, United Kingdom exported $3.33B in Valves. The main destinations of United Kingdom exports on Valves were United States ($446M), China ($304M), Germany ($266M), Norway ($183M), and France ($154M).

In 2022, United Kingdom imported $3.55B in Valves, mainly from China ($744M), Germany ($590M), United States ($586M), Italy ($407M), and France ($168M).

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