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2023
ExportsfalseWorld Rnk 10 / 225
Flag Rnk 5 / 96
2022 - 2023
FASTEST GROWING MARKET $610MUnited States
2023
PRODUCT COMPLEXITY IN Pharmaceutical products1.25Rnk 89 / 1025
2023
Origin $759M United States
2022 - 2023
FASTEST GROWING ORIGIN $759MSingapore
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $24.4B in Pharmaceutical products, making it the 10th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 5th most exported product in United Kingdom. The main destination of Pharmaceutical products exports from United Kingdom are: United States ($6.95B), Germany ($2.02B), Ireland ($1.81B), France ($1.7B), and China ($1.06B).

The fastest growing export markets for Pharmaceutical products of United Kingdom between 2022 and 2023 were United States ($610M), France ($360M), and South Korea ($193M).

The fastest growing import markets in Pharmaceutical products for United Kingdom between 2022 and 2023 were Singapore ($759M), Ireland ($585M), and India ($239M).

COMPANIES In 2023, leading companies such as Amazon (3), Kubota (2), and Baxter Healthcare (1) were at the forefront of shipping Pharmaceutical products from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Pharmaceutical products exports accounted up to £1.78B and imports accounted up to £1.98B, resulting in a negative trade balance of £203M. Between November 2023 and November 2024 the exports of United Kingdom's   Pharmaceutical products have decreased by £-573M (-24.4%) from £2.35B to £1.78B, while imports increased by £176M (9.78%) from £1.8B to £1.98B.

Destinations In November 2024, Pharmaceutical products were exported mostly to United States (£416M), Germany (£195M), Belgium (£191M), France (£131M), and Ireland (£87.1M), and were imported mostly from Italy (£280M), Belgium (£275M), Netherlands (£263M), Germany (£182M), and United States (£152M).

Growth In November 2024, the decrease in Pharmaceutical products's year-by-year exports was explained primarily by a decrease in exports to Germany (£-66.5M or -37.8%), China (£-18M or -31.9%), and Mexico (£-10.7M or -58.9%). In November 2024, the increase in Pharmaceutical products's year-by-year imports was explained primarily by an increase in imports from United States (£89.7M or 36.6%), Germany (£73.2M or 34.6%), and Belgium (£27.9M or 14.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-573M(-24.4%)
IMPORT GROWTH (November 2023 - November 2024)£176M(9.78%)
MAIN EXPORTER (November 2024)London Heathrow Airport£705M
MAIN DESTINATION (November 2024)United States£416M

This section shows Pharmaceutical products'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 Pharmaceutical products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$24.4B

In 2023, United Kingdom exported $24.4B in Pharmaceutical products. The main destinations of United Kingdom exports on Pharmaceutical products were United States ($6.95B), Germany ($2.02B), Ireland ($1.81B), France ($1.7B), and China ($1.06B).

In N/A, United Kingdom imported N/A in Pharmaceutical products, mainly from United States ($4.78B), Germany ($3.48B), Ireland ($3.07B), Switzerland ($2.09B), and Belgium ($1.67B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
United States$610M (9.62%)
France$360M (26.8%)
South Korea$193M (62.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY United Kingdom WERE (2022 - 2023):
Germany-$1.88B (-48.3%)
China-$403M (-27.5%)
Netherlands-$185M (-15.6%)
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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 Pharmaceutical products were:
Germany $115B
United States $100B
Ireland $92B
In 2023, United Kingdom's main importing competitors in Pharmaceutical products were:
United States $170B
Germany $71.1B
Switzerland $58.2B

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.33B
TOP IMPORT POTENTIALGermany+ $1.46B

Pharmaceutical products’s highest export potential is United States. With an export gap of $1.33B.   Pharmaceutical products’s highest import potential is Germany with an import gap of $1.46B.

See methodology.

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