Flat-Rolled Stainless Steel in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $29M in Flat-Rolled Stainless Steel, making it the 25th largest exporter of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 663rd most exported product in United Kingdom. The main destination of Flat-Rolled Stainless Steel exports from United Kingdom are: Sweden ($4.47M), Canada ($3.09M), Czechia ($2.6M), Germany ($1.72M), and United States ($1.42M).

The fastest growing export markets for Flat-Rolled Stainless Steel of United Kingdom between 2021 and 2022 were Sweden ($1.7M), Czechia ($921k), and Kuwait ($639k).

Imports In 2022, United Kingdom imported $199M in Flat-Rolled Stainless Steel, becoming the 12th largest importer of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 448th most imported product in United Kingdom. United Kingdom imports Flat-Rolled Stainless Steel primarily from: Germany ($56.6M), United States ($22.6M), Sweden ($22.6M), France ($14.7M), and China ($14M).

The fastest growing import markets in Flat-Rolled Stainless Steel for United Kingdom between 2021 and 2022 were United States ($15.8M), China ($9.07M), and Sweden ($7.86M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (232) were at the forefront of shipping Flat-Rolled Stainless Steel from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Flat-Rolled Stainless Steel exports accounted up to £2.89M and imports accounted up to £11.3M, resulting in a negative trade balance of £8.38M. Between January 2023 and January 2024 the exports of United Kingdom's Flat-Rolled Stainless Steel have increased by £1.03M (55.2%) from £1.86M to £2.89M, while imports decreased by £-4.35M (-27.8%) from £15.6M to £11.3M.

Destinations In January 2024, Flat-Rolled Stainless Steel were exported mostly to Brazil (£793k), Germany (£325k), Sweden (£220k), Ireland (£185k), and Italy (£184k), and were imported mostly from Sweden (£3.53M), Germany (£2.78M), Netherlands (£888k), China (£842k), and France (£747k).

Growth In January 2024, the increase in Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by an increase in exports to United States (£216k or 186%), Singapore (£175k or 284%), and Italy (£69.9k or 339%). In January 2024, the decrease in Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by a decrease in imports from Netherlands (£-913k or -56.1%), Finland (£-749k or -74.8%), and Vietnam (£-624k or -63%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£1.03M(55.2%)

IMPORT GROWTH (January 2023 - January 2024)£-4.35M(-27.8%)

MAIN EXPORTER (January 2024)London Gateway£798k

MAIN DESTINATION (January 2024)Brazil£793k

This section shows Flat-Rolled Stainless Steel'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 Flat-Rolled Stainless Steel over time.

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