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2023
Exports $16.2BWorld Rnk 12 / 214
Flag Rnk 4 / 1216
2023
Destination $199M United States
2022 - 2023
FASTEST GROWING MARKET $199MBelgium
2023
PRODUCT COMPLEXITY IN Packaged Medicaments0.63Rnk 313 / 1025
2023
Imports $16.1BWorld Rnk 9 / 226
Flag Rnk 7 / 1214
2023
Origin $793M United States
2022 - 2023
FASTEST GROWING ORIGIN $793MIreland
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $16.2B in Packaged Medicaments, making it the 12th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most exported product in United Kingdom. The main destination of Packaged Medicaments exports from United Kingdom are: United States ($3.42B), Germany ($1.63B), Ireland ($1.57B), China ($935M), and France ($895M).

The fastest growing export markets for Packaged Medicaments of United Kingdom between 2022 and 2023 were Belgium ($199M), Ireland ($83.8M), and United Arab Emirates ($83.6M).

Imports In 2023, United Kingdom imported $16.1B in Packaged Medicaments, becoming the 9th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most imported product in United Kingdom. United Kingdom imports Packaged Medicaments primarily from: United States ($2.57B), Germany ($2.16B), Ireland ($2.12B), Italy ($1.18B), and France ($1.08B).

The fastest growing import markets in Packaged Medicaments for United Kingdom between 2022 and 2023 were Ireland ($793M), Singapore ($765M), and India ($257M).

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

November 2024

About

Overview In November 2024 United Kingdom's Packaged Medicaments exports accounted up to £1.21B and imports accounted up to £1.19B, resulting in a positive trade balance of £14.4M. Between November 2023 and November 2024 the exports of United Kingdom's   Packaged Medicaments have decreased by £-365M (-23.2%) from £1.57B to £1.21B, while imports increased by £53.7M (4.72%) from £1.14B to £1.19B.

Destinations In November 2024, Packaged Medicaments were exported mostly to Belgium (£171M), Germany (£168M), United States (£168M), Ireland (£76.6M), and China (£70.6M), and were imported mostly from Italy (£269M), Germany (£120M), Netherlands (£109M), Belgium (£109M), and France (£79M).

Growth In November 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 November 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 (November 2023 - November 2024)£-365M(-23.2%)
IMPORT GROWTH (November 2023 - November 2024)£53.7M(4.72%)
MAIN EXPORTER (November 2024)Dover Eurotunnel£480M
MAIN DESTINATION (November 2024)Belgium£171M

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 (2023)$16.2B
IMPORTS (2023)$16.1B
NET TRADE (2023)$110M

In 2023, United Kingdom exported $16.2B in Packaged Medicaments. The main destinations of United Kingdom exports on Packaged Medicaments were United States ($3.42B), Germany ($1.63B), Ireland ($1.57B), China ($935M), and France ($895M).

In 2023, United Kingdom imported $16.1B in Packaged Medicaments, mainly from United States ($2.57B), Germany ($2.16B), Ireland ($2.12B), Italy ($1.18B), and France ($1.08B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Belgium$199M (33.3%)
Ireland$83.8M (5.64%)
United Arab Emirates$83.6M (48.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY United Kingdom WERE (2022 - 2023):
Germany-$1.85B (-53.2%)
China-$410M (-30.5%)
Netherlands-$227M (-28%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Packaged Medicaments were:
Germany $66.4B
United States $41B
Switzerland $39.7B
In 2023, United Kingdom's main importing competitors in Packaged Medicaments were:
United States $82.7B
Switzerland $40B
Germany $30.8B

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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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