Tool Plates in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $40.9M in Tool Plates, making it the 20th largest exporter of Tool Plates in the world. At the same year, Tool Plates was the 595th most exported product in United Kingdom. The main destination of Tool Plates exports from United Kingdom are: China ($9.5M), Germany ($6.82M), Italy ($4.84M), United States ($2.86M), and France ($2.64M).

The fastest growing export markets for Tool Plates of United Kingdom between 2021 and 2022 were Turkey ($1.12M), China ($793k), and South Korea ($526k).

Imports In 2022, United Kingdom imported $81.3M in Tool Plates, becoming the 22nd largest importer of Tool Plates in the world. At the same year, Tool Plates was the 635th most imported product in United Kingdom. United Kingdom imports Tool Plates primarily from: Germany ($30.6M), United States ($9.47M), Israel ($8.71M), Netherlands ($5.78M), and Japan ($3.93M).

The fastest growing import markets in Tool Plates for United Kingdom between 2021 and 2022 were Israel ($8.2M), Netherlands ($2.51M), and Japan ($2.26M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Tool Plates from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Tool Plates exports accounted up to £2M and imports accounted up to £6.95M, resulting in a negative trade balance of £4.95M. Between January 2023 and January 2024 the exports of United Kingdom's Tool Plates have decreased by £-606k (-23.2%) from £2.61M to £2M, while imports decreased by £-723k (-9.42%) from £7.68M to £6.95M.

Destinations In January 2024, Tool Plates were exported mostly to Germany (£426k), China (£393k), Italy (£266k), Turkey (£202k), and United States (£154k), and were imported mostly from Netherlands (£2.45M), Germany (£1.77M), Belgium (£1.17M), United States (£588k), and Taiwan (£183k).

Growth In January 2024, the decrease in Tool Plates's year-by-year exports was explained primarily by a decrease in exports to Ireland (£-60.7k or -55.7%), Belgium (£-36.7k or -90.7%), and India (£-21.4k or -66.1%). In January 2024, the decrease in Tool Plates's year-by-year imports was explained primarily by a decrease in imports from China (£-131k or -56.2%), Luxembourg (£-32k or -45%), and Portugal (£-12k or -82.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-606k(-23.2%)

IMPORT GROWTH (January 2023 - January 2024)£-723k(-9.42%)

MAIN EXPORTER (January 2024)Dover Eurotunnel£774k

MAIN DESTINATION (January 2024)Germany£426k

This section shows Tool Plates'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 Tool Plates over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$40.9M

IMPORTS (2022)$81.3M

NET TRADE (2022)-$40.4M

In 2022, United Kingdom exported $40.9M in Tool Plates. The main destinations of United Kingdom exports on Tool Plates were China ($9.5M), Germany ($6.82M), Italy ($4.84M), United States ($2.86M), and France ($2.64M).

In 2022, United Kingdom imported $81.3M in Tool Plates, mainly from Germany ($30.6M), United States ($9.47M), Israel ($8.71M), Netherlands ($5.78M), and Japan ($3.93M).

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