HS Icon Packaged Medicaments in  Flag United Kingdom

2019
Exports | Imports
: $19B | $15.5B, World Rnk 8 / 205
Flag Rnk 5 / 1214 | World Rnk 8 / 224
Flag Rnk 6 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $419M | $223M, China |  Italy

2019
ECONOMIC COMPLEXITY of United Kingdom
: 1.49, Rnk 14 / 147

2019
PRODUCT COMPLEXITY  IN Packaged Medicaments
: 0.64, Rnk 320 / 1029

Exports: In 2019, United Kingdom exported $19B 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 ($2.68B), Germany ($2.17B), China ($1.63B), Netherlands ($1.51B), and Ireland ($969M).

The fastest growing export markets for Packaged Medicaments of United Kingdom between 2018 and 2019 were China ($419M), Switzerland ($382M), and Ireland ($259M).

Imports: In 2019, United Kingdom imported $15.5B in Packaged Medicaments, becoming the 8th 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: Germany ($2.46B), Belgium ($2.03B), United States ($1.76B), Netherlands ($1.33B), and Italy ($1.31B).

The fastest growing import markets in Packaged Medicaments for United Kingdom between 2018 and 2019 were Italy ($223M), Netherlands ($159M), and Spain ($121M).

Latest Trends (April 2021)

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Overview: In April 2021 United Kingdom's Packaged Medicaments exports accounted up to £923M and imports accounted up to £837M, resulting in a positive trade balance of £86.1M. Between April 2020 and April 2021 the exports of United Kingdom's   Packaged Medicaments have decreased by £-484M (-34.4%) from £1.41B to £923M, while imports decreased by £-89.8M (-9.69%) from £926M to £837M.

Destinations: In April 2021, Packaged Medicaments were exported mostly to United States (£200M), Belgium (£127M), Indonesia (£94.6M), Netherlands (£70.3M), and China (£62.8M), and were imported mostly from United States (£143M), Belgium (£97.2M), Germany (£93M), Italy (£70.2M), and France (£67.6M).

Growth: In April 2021, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to China (£-139M or -68.9%), Germany (£-114M or -81.7%), and United States (£-104M or -34.2%). In April 2021, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Ireland (£-69M or -52.5%), Germany (£-59.1M or -38.8%), and Netherlands (£-36.1M or -44.1%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): £-484M, (-34.4%)

IMPORT GROWTH (April 2020 - April 2021): £-89.8M, (-9.69%)

MAIN EXPORTER (April 2021): London Heathrow Airport, £233M

MAIN DESTINATION (April 2021): United States, £200M

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

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Value

EXPORTS (2019): $19B

IMPORTS (2019): $15.5B

NET TRADE (2019): $3.51B

In 2019, United Kingdom exported $19B in Packaged Medicaments. The main destinations of United Kingdom exports on Packaged Medicaments were United States ($2.68B), Germany ($2.17B), China ($1.63B), Netherlands ($1.51B), and Ireland ($969M).

In 2019, United Kingdom imported $15.5B in Packaged Medicaments, mainly from Germany ($2.46B), Belgium ($2.03B), United States ($1.76B), Netherlands ($1.33B), and Italy ($1.31B).

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IN 2019, United Kingdom HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

IN 2019, United Kingdom HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

Flow

THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR United Kingdom WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY United Kingdom WERE (2018 - 2019):

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Market Concentration

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Flow
Type

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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