Overview: In August 2020 United States' Packaged Medicaments exports accounted up to $1.94B and imports accounted up to $6.63B, resulting in a negative trade balance of $4.69B. Between August 2019 and August 2020 the exports of United States' Packaged Medicaments have decreased by $-148M (-7.1%) from $2.09B to $1.94B, while imports decreased by $-305M (-4.4%) from $6.94B to $6.63B.
Destinations: In August 2020 Packaged Medicaments exported mostly to Canada ($240M), China ($227M), Belgium ($199M), Japan ($148M), and United Kingdom ($146M), and imported mostly from Switzerland ($1.75B), Ireland ($868M), India ($675M), Germany ($544M), and Denmark ($460M).
Growth: In August 2020, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Germany ($-113M or -48.9%), Japan ($-89.6M or -37.7%), and Spain ($-76.5M or -49.3%). In August 2020, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Ireland ($-701M or -44.7%), Germany ($-252M or -31.6%), and Italy ($-181M or -30.9%).