Iron Ore in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $717k in Iron Ore, making it the 73rd largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 1137th most exported product in United Kingdom. The main destination of Iron Ore exports from United Kingdom are: Ireland ($185k), Czechia ($105k), Spain ($76.1k), China ($73k), and Portugal ($66.3k).

The fastest growing export markets for Iron Ore of United Kingdom between 2021 and 2022 were Ireland ($149k), Czechia ($48.3k), and Israel ($13.6k).

Imports In 2022, United Kingdom imported $673M in Iron Ore, becoming the 23rd largest importer of Iron Ore in the world. At the same year, Iron Ore was the 193rd most imported product in United Kingdom. United Kingdom imports Iron Ore primarily from: Canada ($175M), Sweden ($153M), South Africa ($53.7M), Norway ($42.3M), and Brazil ($41.1M).

The fastest growing import markets in Iron Ore for United Kingdom between 2021 and 2022 were India ($38.9M), Australia ($29M), and Liberia ($17.9M).

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Iron Ore exports accounted up to £53.3k and imports accounted up to £41.5M, resulting in a negative trade balance of £41.4M. Between February 2023 and February 2024 the exports of United Kingdom's Iron Ore have increased by £12.3k (30.1%) from £41k to £53.3k, while imports decreased by £-5.69M (-12.1%) from £47.2M to £41.5M.

Destinations In February 2024, Iron Ore were exported mostly to France (£18.8k), Czechia (£9.89k), Australia (£7.84k), Ukraine (£6.54k), and China (£4.73k), and were imported mostly from United States (£14.4M), Norway (£9.57M), Canada (£7.34M), Brazil (£4.89M), and Liberia (£4.4M).

Growth In February 2024, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to Ireland (£23.8k or 1.21k%), Czechia (£4.45k or 275%), and China (£2.18k or 135%). In February 2024, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£12.3k(30.1%)

IMPORT GROWTH (February 2023 - February 2024)£-5.69M(-12.1%)

MAIN EXPORTER (February 2024)Dover Eurotunnel£35.2k

MAIN DESTINATION (February 2024)France£18.8k

This section shows Iron Ore'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 Iron Ore over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$717k

IMPORTS (2022)$673M

NET TRADE (2022)-$673M

In 2022, United Kingdom exported $717k in Iron Ore. The main destinations of United Kingdom exports on Iron Ore were Ireland ($185k), Czechia ($105k), Spain ($76.1k), China ($73k), and Portugal ($66.3k).

In 2022, United Kingdom imported $673M in Iron Ore, mainly from Canada ($175M), Sweden ($153M), South Africa ($53.7M), Norway ($42.3M), and Brazil ($41.1M).

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