| Year | Licensing Imports (£ billion) | Licensing Exports (£ billion) |
|---|---|---|
| 2012 | 8.5 | 3.5 |
| 2014 | 8.0 | 4.5 |
| 2016 | 7.0 | 5.5 |
| 2018 | 6.5 | 6.5 |
| 2020 | 5.5 | 8.0 |
| 2022 | 4.5 | 9.5 |
With reference to Figure 2, examine the likely impact on the UK's circular flow of income of the trends in pharmaceutical licensing exports and imports between 2012 and 2022.
