Interchangeable Tool Parts in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $333M in Interchangeable Tool Parts, making it the 15th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 191st most exported product in United Kingdom. The main destination of Interchangeable Tool Parts exports from United Kingdom are: United States ($51.7M), Germany ($50.4M), Ireland ($24.9M), Netherlands ($17M), and France ($13.3M).

The fastest growing export markets for Interchangeable Tool Parts of United Kingdom between 2021 and 2022 were Ireland ($6.81M), United States ($6.17M), and United Kingdom ($4.84M).

Imports In 2022, United Kingdom imported $559M in Interchangeable Tool Parts, becoming the 9th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 234th most imported product in United Kingdom. United Kingdom imports Interchangeable Tool Parts primarily from: Germany ($157M), China ($141M), United States ($61M), Ireland ($18M), and Netherlands ($17.7M).

The fastest growing import markets in Interchangeable Tool Parts for United Kingdom between 2021 and 2022 were Ireland ($13.9M), United States ($5.5M), and United Kingdom ($4.84M).

COMPANIES In 2023, leading companies such as DOLE FRESH FRUIT COMPANY (1.1k) were at the forefront of shipping Interchangeable Tool Parts from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Interchangeable Tool Parts exports accounted up to £19.2M and imports accounted up to £36.6M, resulting in a negative trade balance of £17.4M. Between January 2023 and January 2024 the exports of United Kingdom's Interchangeable Tool Parts have decreased by £-255k (-1.31%) from £19.5M to £19.2M, while imports increased by £2.05M (5.93%) from £34.6M to £36.6M.

Destinations In January 2024, Interchangeable Tool Parts were exported mostly to Germany (£3.2M), United States (£2.89M), Netherlands (£1.29M), Ireland (£1.23M), and Italy (£1.07M), and were imported mostly from Germany (£8.95M), China (£6.44M), United States (£4.45M), Ireland (£2.94M), and Netherlands (£2.41M).

Growth In January 2024, the decrease in Interchangeable Tool Parts's year-by-year exports was explained primarily by a decrease in exports to Germany (£-8.36M or -80.9%), Chile (£-214k or -65.7%), and Czechia (£-201k or -76.2%). In January 2024, the increase in Interchangeable Tool Parts's year-by-year imports was explained primarily by an increase in imports from Netherlands (£1.72M or 92.7%), Malaysia (£400k or 754%), and Italy (£231k or 32.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-255k(-1.31%)

IMPORT GROWTH (January 2023 - January 2024)£2.05M(5.93%)

MAIN EXPORTER (January 2024)East Midlands Airport£7.76M

MAIN DESTINATION (January 2024)Germany£3.2M

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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