Time Switches in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $1.97M in Time Switches, making it the 24th largest exporter of Time Switches in the world. At the same year, Time Switches was the 1056th most exported product in United Kingdom. The main destination of Time Switches exports from United Kingdom are: Ireland ($807k), Saudi Arabia ($396k), Germany ($98.4k), United States ($86k), and United Kingdom ($70.5k).

The fastest growing export markets for Time Switches of United Kingdom between 2021 and 2022 were United Kingdom ($69.2k), Romania ($45.7k), and China ($39.3k).

Imports In 2022, United Kingdom imported $12.8M in Time Switches, becoming the 11th largest importer of Time Switches in the world. At the same year, Time Switches was the 980th most imported product in United Kingdom. United Kingdom imports Time Switches primarily from: China ($3.57M), Mexico ($1.55M), Germany ($1.44M), Italy ($1.37M), and France ($1.09M).

The fastest growing import markets in Time Switches for United Kingdom between 2021 and 2022 were France ($345k), Indonesia ($273k), and China ($272k).

Latest Trends

February 2024

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Overview In February 2024 United Kingdom's Time Switches exports accounted up to £109k and imports accounted up to £689k, resulting in a negative trade balance of £580k. Between February 2023 and February 2024 the exports of United Kingdom's Time Switches have decreased by £-71.2k (-39.5%) from £180k to £109k, while imports decreased by £-88.8k (-11.4%) from £778k to £689k.

Destinations In February 2024, Time Switches were exported mostly to Ireland (£64.4k), Canada (£13.5k), United States (£7.2k), Germany (£6.75k), and France (£3.83k), and were imported mostly from China (£195k), Spain (£89.2k), Germany (£78.3k), Italy (£71k), and United States (£62.1k).

Growth In February 2024, the decrease in Time Switches's year-by-year exports was explained primarily by a decrease in exports to United States (£-20.5k or -74.4%) and Ireland (£-18.8k or -40.6%). In February 2024, the decrease in Time Switches's year-by-year imports was explained primarily by a decrease in imports from China (£-365k or -67.4%), France (£-43.1k or -60.5%), and Netherlands (£-31.3k or -64%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-71.2k(-39.5%)

IMPORT GROWTH (February 2023 - February 2024)£-88.8k(-11.4%)

MAIN EXPORTER (February 2024)Holyhead£83.1k

MAIN DESTINATION (February 2024)Ireland£64.4k

This section shows Time Switches'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 Time Switches over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.97M

IMPORTS (2022)$12.8M

NET TRADE (2022)-$10.8M

In 2022, United Kingdom exported $1.97M in Time Switches. The main destinations of United Kingdom exports on Time Switches were Ireland ($807k), Saudi Arabia ($396k), Germany ($98.4k), United States ($86k), and United Kingdom ($70.5k).

In 2022, United Kingdom imported $12.8M in Time Switches, mainly from China ($3.57M), Mexico ($1.55M), Germany ($1.44M), Italy ($1.37M), and France ($1.09M).

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