Insulated Wire in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $1.48B in Insulated Wire, making it the 25th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 51st most exported product in United Kingdom. The main destination of Insulated Wire exports from United Kingdom are: United States ($169M), Germany ($150M), Ireland ($141M), Netherlands ($102M), and France ($80.2M).

The fastest growing export markets for Insulated Wire of United Kingdom between 2021 and 2022 were Germany ($21.4M), France ($12.1M), and Norway ($12.1M).

Imports In 2022, United Kingdom imported $5.22B in Insulated Wire, becoming the 7th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 18th most imported product in United Kingdom. United Kingdom imports Insulated Wire primarily from: Turkey ($751M), China ($672M), Egypt ($429M), Germany ($388M), and Morocco ($375M).

The fastest growing import markets in Insulated Wire for United Kingdom between 2021 and 2022 were Morocco ($157M), Sweden ($136M), and India ($60.6M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (348) and STARTECH.COM USA LLP (66) were at the forefront of shipping Insulated Wire from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Insulated Wire exports accounted up to £96.2M and imports accounted up to £334M, resulting in a negative trade balance of £238M. Between January 2023 and January 2024 the exports of United Kingdom's Insulated Wire have decreased by £-730k (-0.75%) from £96.9M to £96.2M, while imports decreased by £-21.6M (-6.08%) from £356M to £334M.

Destinations In January 2024, Insulated Wire were exported mostly to United States (£12M), Ireland (£8.9M), Germany (£8.59M), United Arab Emirates (£7.66M), and France (£6.64M), and were imported mostly from Turkey (£49.8M), China (£34.6M), Egypt (£29.6M), Morocco (£29.4M), and United States (£23.8M).

Growth In January 2024, the decrease in Insulated Wire's year-by-year exports was explained primarily by a decrease in exports to China (£-3.09M or -67.2%), Hong Kong (£-1.96M or -41.2%), and South Africa (£-1.85M or -93.3%). In January 2024, the decrease in Insulated Wire's year-by-year imports was explained primarily by a decrease in imports from China (£-9.76M or -21.7%), Hong Kong (£-4.9M or -62.3%), and Belgium (£-3.33M or -68.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-730k(-0.75%)

IMPORT GROWTH (January 2023 - January 2024)£-21.6M(-6.08%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£21.7M

MAIN DESTINATION (January 2024)United States£12M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.48B

IMPORTS (2022)$5.22B

NET TRADE (2022)-$3.74B

In 2022, United Kingdom exported $1.48B in Insulated Wire. The main destinations of United Kingdom exports on Insulated Wire were United States ($169M), Germany ($150M), Ireland ($141M), Netherlands ($102M), and France ($80.2M).

In 2022, United Kingdom imported $5.22B in Insulated Wire, mainly from Turkey ($751M), China ($672M), Egypt ($429M), Germany ($388M), and Morocco ($375M).

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