Packaged Medicaments in Canada

EXPORTS (2018): $7.03B, World Rnk 14 / 190
Flag Rnk 9 / 1201

TOP DESTINATION (2018): $4.39B, United States

FASTEST GROWING MARKET (2017 - 2018): $1.24B, United States

IMPORTS (2018): $7.39B, World Rnk 13 / 217
Flag Rnk 6 / 1212

TOP ORIGIN (2018): $2.16B, United States

FASTEST GROWING ORIGIN (2017 - 2018): $519M, United Kingdom

ECONOMIC COMPLEXITY of Canada (2018): 0.98, Rnk 25 / 137

PRODUCT COMPLEXITY  IN Packaged Medicaments (2018): 0.74, Rnk 270 / 1018

Overview: This page contains the latest trade data of Packaged Medicaments in Canada.

Exports: In 2018, Canada exported $7.03B in Packaged Medicaments, making it the 14th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 9th most exported product in Canada. The main destination of Packaged Medicaments exports from Canada are: United States ($4.39B), Italy ($705M), Japan ($386M), Belgium-Luxembourg ($382M), and Mexico ($89.1M).

The fastest growing export markets for Packaged Medicaments of Canada between 2017 and 2018 were United States ($1.24B), Italy ($694M), and Japan ($124M).

Imports: In 2018, Canada imported $7.39B in Packaged Medicaments, becoming the 13th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 6th most imported product in Canada. Canada imports Packaged Medicaments primarily from: United States ($2.16B), Switzerland ($965M), Germany ($920M), United Kingdom ($901M), and Belgium-Luxembourg ($442M).

The fastest growing import markets in Packaged Medicaments for Canada between 2017 and 2018 were United Kingdom ($519M), Switzerland ($196M), and United States ($142M).

Overview: In April 2020 Canada's Packaged Medicaments exports accounted up to C$1.41B and imports accounted up to C$1.37B, resulting in a positive trade balance of C$40.1M. Between April 2019 and April 2020 the exports of Canada's   Packaged Medicaments have decreased by C$-214M (-13.2%) from C$1.62B to C$1.41B, while imports increased by C$186M (15.7%) from C$1.18B to C$1.37B.

Destinations: In April 2020 Packaged Medicaments exported mostly to United States (C$1.04B), Italy (C$154M), Japan (C$92M), China (C$11M), and France (C$9.75M), and imported mostly from United States (C$599M), Switzerland (C$160M), Germany (C$93M), Ireland (C$53.5M), and United Kingdom (C$51.5M).

Growth: In April 2020, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to United States (C$-360M or -25.7%), Taiwan (C$-9.43M or -78.9%), and France (C$-3.78M or -27.9%). In April 2020, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from United States (C$173M or 40.6%), Switzerland (C$26.3M or 19.7%), and United Kingdom (C$18.9M or 57.9%).

Subnational Monthly Trade

#permalink to section
Flow
Value

EXPORT GROWTH (April 2019 - April 2020): C$-214M, (-13.2%)

IMPORT GROWTH (April 2019 - April 2020): C$186M, (15.7%)

MAIN EXPORTER (April 2020): Ontario, C$974M

MAIN DESTINATION (April 2020): United States, C$1.04B

This section shows Packaged Medicaments's exports and imports data at subnational level for Canada. 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 Packaged Medicaments over time.

Value

EXPORTS (2018): $7.03B

IMPORTS (2018): $7.39B

NET TRADE (2018): -$355M

In 2018, Canada exported $7.03B in Packaged Medicaments. The main destinations of Canada exports on Packaged Medicaments were United States ($4.39B), Italy ($705M), Japan ($386M), Belgium-Luxembourg ($382M), and Mexico ($89.1M).

In 2018, Canada imported $7.39B in Packaged Medicaments, mainly from United States ($2.16B), Switzerland ($965M), Germany ($920M), United Kingdom ($901M), and Belgium-Luxembourg ($442M).

Explore Visualizations

IN 2018, Canada HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

  • United States, $2.23B ($4.39B - $2.16B)
  • Italy, $542M ($705M - $164M)
  • Japan, $339M ($386M - $47.2M)

IN 2018, Canada HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

  • Switzerland, -$882M ($82.4M - $965M)
  • United Kingdom, -$860M ($40.5M - $901M)
  • Germany, -$860M ($59.9M - $920M)
Flow

THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Canada WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Canada WERE (2017 - 2018):

Explore Visualizations

Market Concentration

#permalink to section
Flow
Type

In 2018, Canada's main exporting competitors in Packaged Medicaments were:

In 2018, Canada's main importing competitors in Packaged Medicaments were:

Explore Visualizations

Trade Forecasts

#permalink to section

Time

This section shows forecasts for total exports and imports, for Packaged Medicaments in Canada. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

Explore Forecasts

Tariffs by Country

#permalink to section

In 2018, the tariffs for Packaged Medicaments in the imports of Canada were of 0% around the world.

Explore Tariff Data