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Import News
28-04-2024
In 2023, the UK import products worth $791.4 billion from around the world, marking a 3% decrease compared to $816.3 billion in 2022. The UK's imports accounted for 3.1% of the global import total. Gold, automobiles, crude oil, turbo-jet engines, and mobile phones were among the most valuable products imported by the UK in 2023.
From a continental perspective, half (50%) of the UK's total imports in 2023 came from European countries. Asia accounted for 29.6% of the UK's import volume, while 14.9% came from North American suppliers. Smaller proportions originated from Africa (3.1%), Latin America (1.7%), and then Oceania (0.8%), with Australia and New Zealand leading.
Top 10 UK Import Products
According to UK import data, the top 10 imported products accounted for nearly two-thirds (65.1%) of the total value of products purchased from all countries:
1. Machinery, including computers: $97.3 billion (12.3% of total imports)
2. Mineral fuels, including petroleum: $92.1 billion (11.6%)
3. Vehicles: $90 billion (11.4%)
4. Electrical machinery and equipment: $74 billion (9.3%)
5. Gems, precious metals: $63.4 billion (8%)
6. Pharmaceuticals: $27.3 billion (3.4%)
7. Optical, technical, medical apparatus: $23.5 billion (3%)
8. Plastics, plastic products: $19.6 billion (2.5%)
9. Aircraft, spacecraft: $15 billion (1.9%)
10. Organic chemicals: $12.9 billion (1.6%)
From 2022 to 2023, the aircraft and spacecraft category saw the highest growth rate, increasing by 70.7%. The second was automobile imports (up by 22.4%), followed by electrical machinery and equipment (up by 10.8%). The largest decrease was observed in imported mineral fuels, including petroleum, which fell by 32.9% year-on-year due to declines in UK spending on oil and natural gas.
According to Tendata's UK import data, the top 10 specific product imports in the UK for 2023 were:
1.HS Code：90190000000(30.96%, $32.91 Million)：Coffee husks and skins; coffee substitutes containing coffee in any proportion + detailed label not available +
2.HS Code：850760(11.93%, $12.68 Million)：Lithium-ion accumulators (excluding spent)
3.HS Code：260500000000(5.01%, $5.33 Million)：Cobalt ores and concentrates
4.HS Code：720230000000(3.58%, $3.81 Million)：Ferro-silico-manganese
5.HS Code：90111000000(3.49%, $3.71 Million)：Coffee (excl. roasted and decaffeinated) + detailed label not available +
6.HS Code：3102101000(1.8%, $1.91 Million)：Urea, whether or not in aqueous solution, containing > 45% nitrogen in relation to the weight of the dry product (excl. that in pellet or similar forms, or in packages with a gross weight of <= 10 kg)
7.HS Code：5105310000(1.72%, $1.83 Million)：Hair of Kashmir "cashmere" goats, carded or combed
8.HS Code：392690(1.5%, $1.59 Million)：Articles of plastics and articles of other materials of heading 3901 to 3914, n.e.s (excl. goods of 9619)
9.HS Code：850440(1.28%, $1.36 Million)：Static converters + detailed label not available +
10.HS Code：260800000000(1.07%, $1.14 Million)：Zinc ores and concentrates
Tendata provides the following types of customs data:
1. Trade Data
Tendata offers over 10 billion trade records covering 218 countries and regions, accumulating detailed transaction details from over 2 billion trade transactions. This enables precise analysis of the distribution of global target import and export countries, details of import and export customs districts, and the market environment of target countries.
2. Business Data
Tendata's business data covers 198 countries and includes commercial databases for over 230 industries, with data on more than 210 million companies. It covers various aspects of enterprise operations, financial information, competitors, and senior executives. This finely detailed data facilitates in-depth evaluation of the true strength of target customers and expands potential customer base.
3. Cloud Search Data
Tendata's data covers 172 countries and includes contact information for over 700 million companies. In addition to basic information such as company names, official website links, product images, and contact persons, it also integrates information from platforms like LinkedIn and social media, helping foreign trade enterprises gain a panoramic understanding of customers and the market. Furthermore, real-time updated data enables companies to stay informed about market changes and respond promptly.
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