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2023
Exports $336MWorld Rnk 17 / 190
Flag Rnk 182 / 1216
2023
Destination $52.9M United States
2022 - 2023
FASTEST GROWING MARKET $52.9MFrance
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.53Rnk 356 / 1025
2023
Imports $411MWorld Rnk 9 / 220
Flag Rnk 281 / 1214
2023
Origin $11.3M Germany
2022 - 2023
FASTEST GROWING ORIGIN $11.3MChina
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $336M in Special Pharmaceuticals, making it the 17th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 182nd most exported product in United Kingdom. The main destination of Special Pharmaceuticals exports from United Kingdom are: United States ($75.4M), France ($63.2M), China ($24.2M), Ireland ($21.7M), and Germany ($20.2M).

The fastest growing export markets for Special Pharmaceuticals of United Kingdom between 2022 and 2023 were France ($52.9M), Netherlands ($7.85M), and Belgium ($3.53M).

Imports In 2023, United Kingdom imported $411M in Special Pharmaceuticals, becoming the 9th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 281st most imported product in United Kingdom. United Kingdom imports Special Pharmaceuticals primarily from: Germany ($79.5M), United States ($67.5M), China ($28.4M), Ireland ($26.3M), and Switzerland ($20.6M).

The fastest growing import markets in Special Pharmaceuticals for United Kingdom between 2022 and 2023 were China ($11.3M), Hungary ($5.41M), and Australia ($5.14M).

COMPANIES In 2023, leading companies such as Amazon (3) and Kubota (2) were at the forefront of shipping Special Pharmaceuticals from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Special Pharmaceuticals exports accounted up to £36.7M and imports accounted up to £56.2M, resulting in a negative trade balance of £19.5M. Between November 2023 and November 2024 the exports of United Kingdom's   Special Pharmaceuticals have decreased by £-4.81M (-11.6%) from £41.5M to £36.7M, while imports increased by £6.04M (12%) from £50.2M to £56.2M.

Destinations In November 2024, Special Pharmaceuticals were exported mostly to United States (£11.2M), China (£2.87M), Ireland (£2.18M), Australia (£2.1M), and Netherlands (£2M), and were imported mostly from Netherlands (£14.7M), Denmark (£9.65M), Belgium (£9.44M), Germany (£7.01M), and Ireland (£3.22M).

Growth In November 2024, the decrease in Special Pharmaceuticals's year-by-year exports was explained primarily by a decrease in exports to Qatar (£-1.04M or -92.5%), Israel (£-450k or -65.7%), and Sweden (£-261k or -37%). In November 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
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-4.81M(-11.6%)
IMPORT GROWTH (November 2023 - November 2024)£6.04M(12%)
MAIN EXPORTER (November 2024)London Heathrow Airport£11.3M
MAIN DESTINATION (November 2024)United States£11.2M

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$336M
IMPORTS (2023)$411M
NET TRADE (2023)-$75.2M

In 2023, United Kingdom exported $336M in Special Pharmaceuticals. The main destinations of United Kingdom exports on Special Pharmaceuticals were United States ($75.4M), France ($63.2M), China ($24.2M), Ireland ($21.7M), and Germany ($20.2M).

In 2023, United Kingdom imported $411M in Special Pharmaceuticals, mainly from Germany ($79.5M), United States ($67.5M), China ($28.4M), Ireland ($26.3M), and Switzerland ($20.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
France$52.9M (515%)
Netherlands$7.85M (151%)
Belgium$3.53M (56.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY United Kingdom WERE (2022 - 2023):
United States-$6.4M (-7.82%)
China-$3.41M (-12.4%)
South Korea-$2.33M (-51%)
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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 Special Pharmaceuticals were:
Germany $3.28B
United States $2.16B
Netherlands $1.28B
In 2023, United Kingdom's main importing competitors in Special Pharmaceuticals were:
United States $3.5B
China $1.3B
Germany $1.2B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $22.8M
TOP IMPORT POTENTIALGermany+ $33.7M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $22.8M.   Special Pharmaceuticals’s highest import potential is Germany with an import gap of $33.7M.

See methodology.

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