Insect Resins in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $10.1M in Insect Resins, making it the 21st largest exporter of Insect Resins in the world. At the same year, Insect Resins was the 849th most exported product in United Kingdom. The main destination of Insect Resins exports from United Kingdom are: United States ($1.24M), Ireland ($927k), France ($839k), Denmark ($676k), and Singapore ($552k).

The fastest growing export markets for Insect Resins of United Kingdom between 2021 and 2022 were Ireland ($853k), Singapore ($477k), and France ($359k).

Imports In 2022, United Kingdom imported $29.2M in Insect Resins, becoming the 7th largest importer of Insect Resins in the world. At the same year, Insect Resins was the 850th most imported product in United Kingdom. United Kingdom imports Insect Resins primarily from: Sudan ($10.7M), France ($6.3M), India ($2.57M), Germany ($1.88M), and Iran ($1.4M).

The fastest growing import markets in Insect Resins for United Kingdom between 2021 and 2022 were Sudan ($1.76M), Iran ($1.27M), and France ($699k).

COMPANIES In 2023, leading companies such as GIVAUDAN FRAGRANCES CORPORATION (2) were at the forefront of shipping Insect Resins from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Insect Resins exports accounted up to £683k and imports accounted up to £1.75M, resulting in a negative trade balance of £1.07M. Between February 2023 and February 2024 the exports of United Kingdom's Insect Resins have increased by £60.2k (9.67%) from £623k to £683k, while imports decreased by £-380k (-17.8%) from £2.13M to £1.75M.

Destinations In February 2024, Insect Resins were exported mostly to France (£166k), Switzerland (£79.1k), United States (£74.4k), Australia (£63.4k), and India (£53.5k), and were imported mostly from France (£688k), Sudan (£550k), India (£283k), Germany (£76.2k), and Netherlands (£70.1k).

Growth In February 2024, the increase in Insect Resins's year-by-year exports was explained primarily by an increase in exports to Germany (£199k or 21.5k%), France (£47.2k or 340%), and Ireland (£11.8k or 455%). In February 2024, the decrease in Insect Resins's year-by-year imports was explained primarily by a decrease in imports from United States (£-77.9k or -60.5%), Belgium (£-40.2k or -48.3%), and Germany (£-35.3k or -80.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£60.2k(9.67%)

IMPORT GROWTH (February 2023 - February 2024)£-380k(-17.8%)

MAIN EXPORTER (February 2024)Dover Eurotunnel£384k

MAIN DESTINATION (February 2024)France£166k

This section shows Insect Resins'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 Insect Resins over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$10.1M

IMPORTS (2022)$29.2M

NET TRADE (2022)-$19.1M

In 2022, United Kingdom exported $10.1M in Insect Resins. The main destinations of United Kingdom exports on Insect Resins were United States ($1.24M), Ireland ($927k), France ($839k), Denmark ($676k), and Singapore ($552k).

In 2022, United Kingdom imported $29.2M in Insect Resins, mainly from Sudan ($10.7M), France ($6.3M), India ($2.57M), Germany ($1.88M), and Iran ($1.4M).

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