Grangemouth

Overview In January 2024 Grangemouth exported £317M and imported £406M, resulting in a negative trade balance of £89M. Between January 2023 and January 2024 the exports of Grangemouth have decreased by $-90.7M (-22.3%) from £408M to £317M, while imports increased by £188M (86.2%) from £218M to £406M.

Trade In January 2024, the top exports of Grangemouth were Refined Petroleum (£100M), Acyclic Hydrocarbons (£37.7M), Petroleum Gas (£26.5M), Coal Tar Oil (£21.1M), and Hard Liquor (£14M). In January 2024 the top imports of Grangemouth were Refined Petroleum (£126M), Crude Petroleum (£105M), Acyclic Hydrocarbons (£22.3M), Carboxyamide Compounds (£11.6M), and Wood Barrels (£10.7M).

Destinations In January 2024, Grangemouth exported mostly to Belgium (£143M), Netherlands (£65.7M), United States (£12.6M), Egypt (£8.76M), and China (£8.49M), and imported mostly from United States (£140M), Netherlands (£132M), China (£24.8M), Norway (£19.9M), and Belgium (£13.5M).

Growth In January 2024, the decrease in Grangemouth's year-by-year exports was explained primarily by an decrease in exports to Belgium (£-26.2M or -26.2%), France (£-21.4M or -83.8%), and Saudi Arabia (£-8.15M or -83.2%), and product exports decrease in Non-fillet Frozen Fish (£-5.36M or -60.1%), Scrap Copper (£-4.99M or -84.1%), and Processed Cereals (£-4.78M or -72.6%). In January 2024, the increase in Grangemouth's year-by-year imports was explained primarily by an increase in imports from Brazil (£5.86M or 529%), United States (£4.79M or 12.7%), and Turkey (£3.32M or 101%), and product imports increase in Biodiesel and mixtures thereof (£7.99M or 163%), Iron Pipes (£4.73M or 432%), and Wood Barrels (£3.87M or 57.7%).