2022
Exports
$7.25BWorld Rnk 17 / 217
Flag Rnk 2 / 1211
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$4.01BWorld Rnk 20 / 224
Flag Rnk 8 / 1212
2022
ECONOMIC COMPLEXITY of Austria
1.5Rnk 8 / 133

About

Exports In 2022, Austria exported $7.25B in Packaged Medicaments, making it the 17th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most exported product in Austria. The main destination of Packaged Medicaments exports from Austria are: Switzerland ($2.71B), United States ($549M), Germany ($533M), Russia ($451M), and Poland ($337M).

The fastest growing export markets for Packaged Medicaments of Austria between 2021 and 2022 were Russia ($297M), United States ($142M), and Switzerland ($107M).

Imports In 2022, Austria imported $4.01B in Packaged Medicaments, becoming the 20th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most imported product in Austria. Austria imports Packaged Medicaments primarily from: Germany ($1.4B), Netherlands ($591M), Italy ($420M), Switzerland ($269M), and Belgium ($226M).

The fastest growing import markets in Packaged Medicaments for Austria between 2021 and 2022 were Netherlands ($155M), Belgium ($66.5M), and Italy ($56.8M).

Latest Trends

Apr 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$7.25B
IMPORTS (2022)$4.01B
NET TRADE (2022)$3.24B

In 2022, Austria exported $7.25B in Packaged Medicaments. The main destinations of Austria exports on Packaged Medicaments were Switzerland ($2.71B), United States ($549M), Germany ($533M), Russia ($451M), and Poland ($337M).

In 2022, Austria imported $4.01B in Packaged Medicaments, mainly from Germany ($1.4B), Netherlands ($591M), Italy ($420M), Switzerland ($269M), and Belgium ($226M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Austria WERE (2021 - 2022):
Russia$297M (193%)
United States$142M (34.9%)
Switzerland$107M (4.12%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Austria WERE (2021 - 2022):
Germany-$127M (-19.3%)
China-$72.4M (-42.7%)
Italy-$16.4M (-24.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Austria' main exporting competitors in Packaged Medicaments were:
In 2022, Austria' main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

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