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2022
Exports $27.5BWorld Rnk 9 / 223
Flag Rnk 5 / 96
2022
Destination $1.46B United States
2021 - 2022
FASTEST GROWING MARKET $1.46BGermany
2022
PRODUCT COMPLEXITY IN Pharmaceutical products1.38Rnk 75 / 1025
2022
Imports $30.7BWorld Rnk 10 / 226
Flag Rnk 6 / 96
2022
Origin $2.45B United States
2021 - 2022
FASTEST GROWING ORIGIN $2.45BUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $27.5B in Pharmaceutical products, making it the 9th 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 ($6.43B), Germany ($3.56B), Belgium ($2.9B), Ireland ($1.79B), and China ($1.51B).

The fastest growing export markets for Pharmaceutical products of United Kingdom between 2021 and 2022 were Germany ($1.46B), United States ($1.06B), and Netherlands ($344M).

Imports In 2022, United Kingdom imported $30.7B in Pharmaceutical products, becoming the 10th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 6th most imported product in United Kingdom. United Kingdom imports Pharmaceutical products primarily from: United States ($6.32B), Germany ($4.76B), Belgium ($3.35B), Switzerland ($2.44B), and Italy ($2.34B).

The fastest growing import markets in Pharmaceutical products for United Kingdom between 2021 and 2022 were United States ($2.45B), Italy ($1.03B), and Israel ($814M).

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

June 2024

About

Overview In June 2024 United Kingdom's Pharmaceutical products exports accounted up to £1.98B and imports accounted up to £2.03B, resulting in a negative trade balance of £50.4M. Between June 2023 and June 2024 the exports of United Kingdom's   Pharmaceutical products have increased by £320M (19.3%) from £1.66B to £1.98B, while imports increased by £260M (14.7%) from £1.77B to £2.03B.

Destinations In June 2024, Pharmaceutical products were exported mostly to United States (£446M), Ireland (£202M), Belgium (£179M), China (£156M), and Germany (£142M), and were imported mostly from United States (£395M), Belgium (£349M), Netherlands (£234M), Germany (£230M), and Switzerland (£142M).

Growth In June 2024, the increase in Pharmaceutical products's year-by-year exports was explained primarily by an increase in exports to South Korea (£219M or 1.75k%), Belgium (£122M or 114%), and Ireland (£89.1M or 195%). In June 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 (June 2023 - June 2024)£320M(19.3%)
IMPORT GROWTH (June 2023 - June 2024)£260M(14.7%)
MAIN EXPORTER (June 2024)London Heathrow Airport£705M
MAIN DESTINATION (June 2024)United States£446M

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 (2022)$27.5B
IMPORTS (2022)$30.7B
NET TRADE (2022)-$3.13B

In 2022, United Kingdom exported $27.5B in Pharmaceutical products. The main destinations of United Kingdom exports on Pharmaceutical products were United States ($6.43B), Germany ($3.56B), Belgium ($2.9B), Ireland ($1.79B), and China ($1.51B).

In 2022, United Kingdom imported $30.7B in Pharmaceutical products, mainly from United States ($6.32B), Germany ($4.76B), Belgium ($3.35B), Switzerland ($2.44B), and Italy ($2.34B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Germany$1.46B (69.4%)
United States$1.06B (19.8%)
Netherlands$344M (31.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY United Kingdom WERE (2021 - 2022):
China-$479M (-24.1%)
Italy-$293M (-60.2%)
Australia-$134M (-21.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Pharmaceutical products were:
Germany $125B
Switzerland $93.8B
United States $90B
In 2022, United Kingdom's main importing competitors in Pharmaceutical products were:
United States $168B
Germany $71.1B
Switzerland $48.5B

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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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