Packaged Medicaments in United Kingdom | The Observatory of Economic Complexity

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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 CORPORATION (1) were at the forefront of shipping Packaged Medicaments from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Packaged Medicaments exports accounted up to £1.32B and imports accounted up to £1.1B, resulting in a positive trade balance of £226M. Between February 2023 and February 2024 the exports of United Kingdom's Packaged Medicaments have decreased by £-52.6M (-3.82%) from £1.38B to £1.32B, while imports decreased by £-39.6M (-3.49%) from £1.14B to £1.1B.

Destinations In February 2024, Packaged Medicaments were exported mostly to Belgium (£346M), Ireland (£178M), United States (£142M), Germany (£99.7M), and China (£74.1M), and were imported mostly from United States (£203M), Germany (£135M), Belgium (£110M), Ireland (£106M), and Netherlands (£88.6M).

Growth In February 2024, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Germany (£-78.2M or -46.8%), China (£-21.8M or -43.7%), and Mexico (£-9.36M or -68.4%). In February 2024, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Belgium (£-53M or -40%), Netherlands (£-39.2M or -22%), and Singapore (£-26.8M or -83.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£-52.6M(-3.82%)

IMPORT GROWTH (February 2023 - February 2024)£-39.6M(-3.49%)

MAIN EXPORTER (February 2024)Dover Eurotunnel£480M

MAIN DESTINATION (February 2024)Belgium£346M

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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