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2022
Exports $242MWorld Rnk 16 / 199
Flag Rnk 237 / 1216
2022
Destination $6.46M United States
2021 - 2022
FASTEST GROWING MARKET $6.46MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $418MWorld Rnk 9 / 220
Flag Rnk 296 / 1214
2022
Origin $22.5M Germany
2021 - 2022
FASTEST GROWING ORIGIN $22.5MMexico
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $242M in Special Pharmaceuticals, making it the 16th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 237th most exported product in United Kingdom. The main destination of Special Pharmaceuticals exports from United Kingdom are: United States ($74.1M), Ireland ($23.3M), China ($17.2M), Germany ($13.1M), and Poland ($11M).

The fastest growing export markets for Special Pharmaceuticals of United Kingdom between 2021 and 2022 were United Kingdom ($6.46M), China ($5.47M), and Switzerland ($2.94M).

Imports In 2022, United Kingdom imported $418M in Special Pharmaceuticals, becoming the 9th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 296th most imported product in United Kingdom. United Kingdom imports Special Pharmaceuticals primarily from: Germany ($69M), Belgium ($65.8M), Netherlands ($52.6M), United States ($39.7M), and Ireland ($28.7M).

The fastest growing import markets in Special Pharmaceuticals for United Kingdom between 2021 and 2022 were Mexico ($22.5M), United States ($20.8M), and Hungary ($9.11M).

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

August 2024

About

Overview In August 2024 United Kingdom's Special Pharmaceuticals exports accounted up to £23.9M and imports accounted up to £48.2M, resulting in a negative trade balance of £24.3M. Between August 2023 and August 2024 the exports of United Kingdom's   Special Pharmaceuticals have decreased by £-6.54M (-21.5%) from £30.5M to £23.9M, while imports increased by £6.77M (16.3%) from £41.5M to £48.2M.

Destinations In August 2024, Special Pharmaceuticals were exported mostly to United States (£5.18M), Netherlands (£2.38M), Ireland (£2.2M), Australia (£1.59M), and Japan (£1.17M), and were imported mostly from Netherlands (£11.8M), Denmark (£9.01M), Belgium (£7.68M), Germany (£5.55M), and Hungary (£2.96M).

Growth In August 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 August 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 (August 2023 - August 2024)£-6.54M(-21.5%)
IMPORT GROWTH (August 2023 - August 2024)£6.77M(16.3%)
MAIN EXPORTER (August 2024)London Heathrow Airport£11.1M
MAIN DESTINATION (August 2024)United States£5.18M

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 (2022)$242M
IMPORTS (2022)$418M
NET TRADE (2022)-$176M

In 2022, United Kingdom exported $242M in Special Pharmaceuticals. The main destinations of United Kingdom exports on Special Pharmaceuticals were United States ($74.1M), Ireland ($23.3M), China ($17.2M), Germany ($13.1M), and Poland ($11M).

In 2022, United Kingdom imported $418M in Special Pharmaceuticals, mainly from Germany ($69M), Belgium ($65.8M), Netherlands ($52.6M), United States ($39.7M), and Ireland ($28.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$6.46M (1.01k%)
China$5.47M (46.5%)
Switzerland$2.94M (52.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY United Kingdom WERE (2021 - 2022):
United States-$3.04M (-3.94%)
Netherlands-$2.94M (-36.6%)
Germany-$2.92M (-18.3%)
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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 Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, United Kingdom's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
Belgium $1.22B
China $1.01B

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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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