Special Pharmaceuticals in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $242M in Special Pharmaceuticals, making it the 16th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 237th most exported product in United Kingdom. The main destination of Special Pharmaceuticals exports from United Kingdom are: United States ($74.1M), Ireland ($23.3M), China ($17.2M), Germany ($13.1M), and Poland ($11M).

The fastest growing export markets for Special Pharmaceuticals of United Kingdom between 2021 and 2022 were United Kingdom ($6.46M), China ($5.47M), and Switzerland ($2.94M).

Imports In 2022, United Kingdom imported $418M in Special Pharmaceuticals, becoming the 9th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 296th most imported product in United Kingdom. United Kingdom imports Special Pharmaceuticals primarily from: Germany ($69M), Belgium ($65.8M), Netherlands ($52.6M), United States ($39.7M), and Ireland ($28.7M).

The fastest growing import markets in Special Pharmaceuticals for United Kingdom between 2021 and 2022 were Mexico ($22.5M), United States ($20.8M), and Hungary ($9.11M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Special Pharmaceuticals from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Special Pharmaceuticals exports accounted up to £30M and imports accounted up to £53.7M, resulting in a negative trade balance of £23.7M. Between January 2023 and January 2024 the exports of United Kingdom's Special Pharmaceuticals have increased by £2.27M (8.2%) from £27.7M to £30M, while imports increased by £5.08M (10.4%) from £48.6M to £53.7M.

Destinations In January 2024, Special Pharmaceuticals were exported mostly to United States (£7.64M), Ireland (£2.4M), Denmark (£2M), Poland (£1.65M), and Netherlands (£1.58M), and were imported mostly from Belgium (£12M), Netherlands (£10.7M), Hungary (£9.82M), Germany (£7.27M), and United States (£3.14M).

Growth In January 2024, the increase in Special Pharmaceuticals's year-by-year exports was explained primarily by an increase in exports to United States (£2.65M or 58.7%), Mexico (£1.94M or 5.74k%), and Brazil (£1.38M or 1.91k%). In January 2024, the increase in Special Pharmaceuticals's year-by-year imports was explained primarily by an increase in imports from Netherlands (£4.99M or 70.7%), Hungary (£2.17M or 36.4%), and Ireland (£2.16M or 162%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£2.27M(8.2%)

IMPORT GROWTH (January 2023 - January 2024)£5.08M(10.4%)

MAIN EXPORTER (January 2024)London Heathrow Airport£8.71M

MAIN DESTINATION (January 2024)United States£7.64M

This section shows Special Pharmaceuticals'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 Special Pharmaceuticals over time.

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