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Pricing

2022
Exports $20.3BWorld Rnk 8 / 217
Flag Rnk 5 / 1216
2022
Destination $1.53B United States
2021 - 2022
FASTEST GROWING MARKET $1.53BGermany
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $18.4BWorld Rnk 7 / 224
Flag Rnk 6 / 1214
2022
Origin $2.24B United States
2021 - 2022
FASTEST GROWING ORIGIN $2.24BUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $20.3B in Packaged Medicaments, making it the 8th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most exported product in United Kingdom. The main destination of Packaged Medicaments exports from United Kingdom are: United States ($3.66B), Germany ($3.2B), Belgium ($2.63B), Ireland ($1.58B), and China ($1.36B).

The fastest growing export markets for Packaged Medicaments of United Kingdom between 2021 and 2022 were Germany ($1.53B), United States ($719M), and Belgium ($377M).

Imports In 2022, United Kingdom imported $18.4B in Packaged Medicaments, becoming the 7th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 6th most imported product in United Kingdom. United Kingdom imports Packaged Medicaments primarily from: United States ($4.93B), Germany ($3.01B), Italy ($2.11B), Ireland ($1.22B), and Switzerland ($1.1B).

The fastest growing import markets in Packaged Medicaments for United Kingdom between 2021 and 2022 were United States ($2.24B), Italy ($956M), and Germany ($700M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (1) were at the forefront of shipping Packaged Medicaments from United Kingdom to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United Kingdom's Packaged Medicaments exports accounted up to £1.25B and imports accounted up to £1.09B, resulting in a positive trade balance of £160M. Between September 2023 and September 2024 the exports of United Kingdom's   Packaged Medicaments have increased by £193M (18.2%) from £1.06B to £1.25B, while imports increased by £157M (16.8%) from £936M to £1.09B.

Destinations In September 2024, Packaged Medicaments were exported mostly to Germany (£206M), Belgium (£191M), United States (£124M), Ireland (£83.1M), and China (£82.2M), and were imported mostly from United States (£218M), Germany (£107M), Ireland (£105M), France (£93.1M), and Netherlands (£90M).

Growth In September 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Belgium (£117M or 116%), Russia (£65.6M or 732%), and Ireland (£48.2M or 151%). In September 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from United States (£66.7M or 35.2%), Denmark (£19.2M or 48.9%), and Ireland (£15.1M or 40.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£193M(18.2%)
IMPORT GROWTH (September 2023 - September 2024)£157M(16.8%)
MAIN EXPORTER (September 2024)Dover Eurotunnel£480M
MAIN DESTINATION (September 2024)Germany£206M

This section shows Packaged Medicaments'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 Packaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$20.3B
IMPORTS (2022)$18.4B
NET TRADE (2022)$1.91B

In 2022, United Kingdom exported $20.3B in Packaged Medicaments. The main destinations of United Kingdom exports on Packaged Medicaments were United States ($3.66B), Germany ($3.2B), Belgium ($2.63B), Ireland ($1.58B), and China ($1.36B).

In 2022, United Kingdom imported $18.4B in Packaged Medicaments, mainly from United States ($4.93B), Germany ($3.01B), Italy ($2.11B), Ireland ($1.22B), and Switzerland ($1.1B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Germany$1.53B (91.4%)
United States$719M (24.5%)
Belgium$377M (16.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY United Kingdom WERE (2021 - 2022):
China-$475M (-25.9%)
Austria-$105M (-52.6%)
Switzerland-$103M (-15.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, United Kingdom's main importing competitors in Packaged Medicaments were:
United States $91.3B
Switzerland $32.9B
Germany $32B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $990M
TOP IMPORT POTENTIALGermany+ $893M

Packaged Medicaments’s highest export potential is United States. With an export gap of $990M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $893M.

See methodology.

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