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Port in undefined

2023
Economic
Complexity 0.32Rank 18 of 37
Jan 2024
Country
Destination | Origin France | Belgium £38.4M  | £378M

About

Overview This page contains the latest international trade data for London. In January 2024 London was the number 25 in total exports and the number 7 in total imports in N/A.

Exports In 2023, undefined's London exported £2.46B, making it the 25th largest exporter out of the 123 exporters in undefined. In 2023 the top exports of London were Ferrous waste or scrap, nes (£205M), Diesel or semi-diesel non chargeable Cars (£97.8M), Helicopters of an unladen weight >... (£69.5M), Spark-ignition chargeable Cars (£59M), and Infant foods of cereals, flour, starch... (£54.9M).

Imports In 2023, undefined's London imported £25B, making it the 7th largest importer out of the 123 importers in undefined. In 2023 top imports of London were Light petroleum distillates nes (£3.94B), Micro Cars (£1.99B), Diesel Trucks < 5 tonnes (£1.33B), Small Sized Cars (£1.12B), and Petroleum spirit for motor vehicles (£852M).

Economic Complexity In 2023, the highest complexity exports of London according to the product complexity index (PCI) are N/A. PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 London exported N/A207M and imported N/A2.34B, resulting in a negative trade balance of N/A2.14B. Between January 2023 and January 2024 the exports of London have increased by $38.2M (22.6%) from N/A169M to N/A207M, while imports increased by N/A662M (39.3%) from N/A1.68B to N/A2.34B.

Trade In January 2024, the top exports of London were Commodities not elsewhere specified (£36.6M), Planes, Helicopters, and/or Spacecraft (£25.5M), Scrap Iron (£17.5M), Cars (£16.9M), and Medical Instruments (£6.04M). In January 2024 the top imports of London were Refined Petroleum (£648M), Cars (£250M), Delivery Trucks (£117M), Motor vehicles; parts and accessories (8701... (£47.4M), and Wine (£45.9M).

Destinations In January 2024, London exported mostly to France (£38.4M), Brazil (£29.1M), Belgium (£23.9M), Germany (£14.6M), and United States (£14.4M), and imported mostly from N/A.

Growth In January 2024, the increase in London's year-by-year exports was explained primarily by an increase in exports to Singapore (£25.3M or 58.1k%), India (£8.49M or 23.4k%), and United States (£6.34M or 131%), and product exports increase in Gas Turbines (£22.8M or 1.05k%), Packaged Medicaments (£5.93M or 4.75k%), and Motor vehicles; parts and accessories (8701... (£4.08M or 178%). In January 2024, the increase in London's year-by-year imports was explained primarily by an increase in imports from N/A, and product imports increase in Cars (£51M or 18.8%), Tractors (£31M or 678%), and Motor vehicles; parts and accessories (8701... (£19.1M or 52%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2023 - January 2024)£38.2M(22.6%)
IMPORT GROWTH (January 2023 - January 2024)£662M(39.3%)

This section shows exports and imports data at subnational level for London. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of London over time.

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Historical Data

Yearly Exports

Color
Top Destination (2023)N/AN/A
Top Product (2023)Ferrous waste or scrap, nes£205M

In 2023 the top export destinations of London were N/A.

In 2023 the top exports of London were Ferrous waste or scrap, nes (£205M), Diesel or semi-diesel non chargeable Cars (£97.8M), Helicopters of an unladen weight >... (£69.5M), Spark-ignition chargeable Cars (£59M), and Infant foods of cereals, flour, starch... (£54.9M).

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Yearly Imports

Color
Top Origin (2023)N/AN/A
Top Import (2023)Light petroleum distillates nes£3.94B

In 2023 the top import origins of London were N/A.

In 2023 the top imports of London were Light petroleum distillates nes (£3.94B), Micro Cars (£1.99B), Diesel Trucks < 5 tonnes (£1.33B), Small Sized Cars (£1.12B), and Petroleum spirit for motor vehicles (£852M).

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Economic Complexity

Economic Complexity of London

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Economic Complexity (2023)0.32

London ranks 18th out of the 123 N/A in undefined according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were London already has a comparative advantage, are led by Laboratory Reagents (0.27), Micro-Organism Culture Preparations (0.27), Nickel Bars (0.27), Non-optical Microscopes (0.27), and Compasses (0.27).

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Most Complex Products by PCI

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Oats (70.99), Scrap Iron (39.95), Prepared Cereals (38.72), Metalworking Transfer Machines (35.61), and Raw Lead (35.10).

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Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since London is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

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Relatedness Space

This network shows the products most related to the production structure of  London. These are products that tend to be co-exported with the products that London exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.

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