Packaged Medicaments in United Kingdom

EXPORTS (2018): $19.3B, World Rnk 8 / 190
Flag Rnk 5 / 1215

TOP DESTINATION (2018): $2.6B, United States

FASTEST GROWING MARKET (2017 - 2018): $519M, Canada

IMPORTS (2018): $17B, World Rnk 4 / 217
Flag Rnk 5 / 1212

TOP ORIGIN (2018): $2.71B, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $1.03B, United States

ECONOMIC COMPLEXITY of United Kingdom (2018): 1.49, Rnk 13 / 137

PRODUCT COMPLEXITY  IN Packaged Medicaments (2018): 0.74, Rnk 270 / 1018

Overview: This page contains the latest trade data of Packaged Medicaments in United Kingdom.

Exports: In 2018, United Kingdom exported $19.3B 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 ($2.6B), Germany ($2.45B), Netherlands ($1.57B), China ($1.22B), and Japan ($973M).

The fastest growing export markets for Packaged Medicaments of United Kingdom between 2017 and 2018 were Canada ($519M), Netherlands ($404M), and Australia ($286M).

Imports: In 2018, United Kingdom imported $17B in Packaged Medicaments, becoming the 4th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in United Kingdom. United Kingdom imports Packaged Medicaments primarily from: Germany ($2.71B), Belgium-Luxembourg ($2.32B), United States ($2.22B), France ($1.45B), and Switzerland ($1.25B).

The fastest growing import markets in Packaged Medicaments for United Kingdom between 2017 and 2018 were United States ($1.03B), Israel ($500M), and Belgium-Luxembourg ($489M).

Overview: In August 2020 United Kingdom's Packaged Medicaments exports accounted up to £1.05B and imports accounted up to £828M, resulting in a positive trade balance of £226M. Between August 2019 and August 2020 the exports of United Kingdom's   Packaged Medicaments have increased by £3.7M (0.35%) from £1.05B to £1.05B, while imports decreased by £-2.67M (-0.32%) from £831M to £828M.

Destinations: In August 2020 Packaged Medicaments exported mostly to United States (£179M), China (£157M), Germany (£115M), Netherlands (£60.8M), and Japan (£58.8M), and imported mostly from United States (£109M), Germany (£103M), Italy (£101M), Netherlands (£90.3M), and Ireland (£84.1M).

Growth: In August 2020, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to China (£40.3M or 34.6%), United States (£26.6M or 17.4%), and Japan (£21.2M or 56.5%). In August 2020, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Belgium (£-67.9M or -60.5%), Netherlands (£-42.7M or -32.1%), and Germany (£-24M or -19%).

Subnational Monthly Trade

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Value

EXPORT GROWTH (August 2019 - August 2020): £3.7M, (0.35%)

IMPORT GROWTH (August 2019 - August 2020): £-2.67M, (-0.32%)

MAIN EXPORTER (August 2020): London Heathrow Airport, £298M

MAIN DESTINATION (August 2020): United States, £179M

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.

Value

EXPORTS (2018): $19.3B

IMPORTS (2018): $17B

NET TRADE (2018): $2.39B

In 2018, United Kingdom exported $19.3B in Packaged Medicaments. The main destinations of United Kingdom exports on Packaged Medicaments were United States ($2.6B), Germany ($2.45B), Netherlands ($1.57B), China ($1.22B), and Japan ($973M).

In 2018, United Kingdom imported $17B in Packaged Medicaments, mainly from Germany ($2.71B), Belgium-Luxembourg ($2.32B), United States ($2.22B), France ($1.45B), and Switzerland ($1.25B).

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IN 2018, United Kingdom HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

  • China, $1.11B ($1.22B - $104M)
  • Canada, $860M ($901M - $40.5M)
  • Japan, $651M ($973M - $322M)

IN 2018, United Kingdom HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

  • Belgium-Luxembourg, -$1.67B ($649M - $2.32B)
  • Switzerland, -$729M ($520M - $1.25B)
  • India, -$496M ($51M - $547M)
Flow

THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR United Kingdom WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY United Kingdom WERE (2017 - 2018):

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Market Concentration

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In 2018, United Kingdom's main exporting competitors in Packaged Medicaments were:

In 2018, United Kingdom's main importing competitors in Packaged Medicaments were:

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Trade Forecasts

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This section shows forecasts for total exports and imports, for Packaged Medicaments in United Kingdom. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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