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News & Press: International Trade News

UK exports more vaccines than any other G7 country

29 May 2019  
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vaccination

Latest HMRC data shows UK exports of vaccines reached £3.2 billion in 2018, more than any other G7 nation and the 3rd highest in the world.

5 years ago, UK vaccine exports were worth £1.2 billion and have since nearly tripled in value. The vaccines sold by the UK protect the people all over the world from diseases such as measles and influenza.

Growing demand from the USA has been the main driver with exports there increasing rapidly from £449.3 million in 2013, to £2.2 billion in 2018. The USA now accounts for over two-thirds of all UK vaccine exports.

More recently, British vaccines have been met with fierce demand from Asia, with exports to China increasing over the past year by 287.4% to £122.4 million. This is somewhat remarkable given exports to the country 10 years ago were worth under £5 million.

Similarly, exports to Mexico in 2008 were worth just £3,000, and are now amounting to £46.2 million. During the same period exports to Canada increased from under £500,000 to heights of £52.6 million, demonstrating the rapidly growing appetite for British medical innovation in North America.

Encouragingly, exports of vaccines to Sub-Saharan Africa, a region where deadly diseases such as HIV are most prevalent, have increased from just £2.2 million in 2008 to £20.7 million in 2018.

Secretary of State for International Trade, Dr Liam Fox, said:
"I want to thank the thousands of people across the country working tirelessly to produce vaccines to help fight deadly diseases such as influenza, measles, and hepatitis, not just in the UK, but across the world.

"The UK is famous for its effective and reliable pharmaceuticals sector which continues to invest in new technologies to improve the quality of lives of people at home and abroad. This trust in the products it produces is reflected in the sheer levels of demand for UK manufactured vaccines, as we continue to secure more overseas revenue than any other G7 nation.

"The Department for International Trade will continue to work with our fantastic NHS and pharmaceutical companies up and down the country to ensure people from all regions of the world can fight devastating diseases with the help of British innovation."

Source: www.gov.uk/government/news/uk-exports-more-vaccines-than-any-other-g7-country