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I believe flags are sorted alphabetically by how they are internally represented. All flags are a combination of two special letter-symbols. For the UK flag, these two symbols are "GB", therefore the UK flag should be much earlier.
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๐บ๐ธ (Flag of the USA [code: US]) โ ๐บ๐ฒ (Flag of the US Outlying Islands [code: UM])
Yes, the first US flag, which most people pick, is actually the flag of the US Outlying Islands. Whenever you see someone use the US flag emoji, check whether they accidentally used the " wrong" one.