Packaged Medicaments in Belgium 2021 Exports | Imports : $22.3B | $19.8B, World Rnk 7 / 213 Rnk 3 / 1214 | World Rnk 5 / 224 Rnk 4 / 1212
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $948M | $1.23B, Netherlands | United Kingdom
2021 ECONOMIC COMPLEXITY of Belgium: 1.28, Rnk 18 / 131
2021 PRODUCT COMPLEXITY IN Packaged Medicaments: 0.64, Rnk 303 / 1029
Exports In 2021, Belgium exported $22.3B in Packaged Medicaments, making it the 7th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most exported product in Belgium. The main destination of Packaged Medicaments exports from Belgium are: United States ($4.79B), Italy ($2.55B), Netherlands ($1.61B), France ($1.37B), and Germany ($1.24B).
The fastest growing export markets for Packaged Medicaments of Belgium between 2020 and 2021 were Netherlands ($948M), France ($284M), and United Kingdom ($207M).
Imports In 2021, Belgium imported $19.8B in Packaged Medicaments, becoming the 5th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Belgium. Belgium imports Packaged Medicaments primarily from: Italy ($6.07B), Germany ($3.11B), France ($2.47B), United Kingdom ($2.24B), and United States ($2.21B).
The fastest growing import markets in Packaged Medicaments for Belgium between 2020 and 2021 were United Kingdom ($1.23B), Germany ($740M), and United States ($454M).
January 2023
Overview In January 2023 Belgium's Packaged Medicaments exports accounted up to €2.41B and imports accounted up to €1.74B, resulting in a positive trade balance of €669M. Between January 2022 and January 2023 the exports of Belgium's Packaged Medicaments have increased by €161M (7.17%) from €2.25B to €2.41B, while imports increased by €463M (36.3%) from €1.28B to €1.74B.
Destinations In January 2023, Packaged Medicaments were exported mostly to United States (€444M), China (€332M), Netherlands (€210M), Italy (€180M), and France (€167M), and were imported mostly from Italy (€569M), Germany (€380M), United States (€231M), Switzerland (€203M), and France (€120M).
Growth In January 2023, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Vietnam (€314M or 7.84k%), Italy (€102M or 139%), and Turkey (€67.3M or 640%). In January 2023, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from United Kingdom (€143M or 2.41k%), Italy (€81.2M or 24.4%), and United States (€64.8M or 63.7%).
EXPORT GROWTH (January 2022 - January 2023): €161M, (7.17%)
IMPORT GROWTH (January 2022 - January 2023): €463M, (36.3%)
MAIN DESTINATION (January 2023): United States, €444M
This section shows Packaged Medicaments's exports and imports data at subnational level for Belgium. 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.
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EXPORTS (2021): $22.3B
IMPORTS (2021): $19.8B
NET TRADE (2021): $2.47B
In 2021, Belgium exported $22.3B in Packaged Medicaments. The main destinations of Belgium exports on Packaged Medicaments were United States ($4.79B), Italy ($2.55B), Netherlands ($1.61B), France ($1.37B), and Germany ($1.24B).
In 2021, Belgium imported $19.8B in Packaged Medicaments, mainly from Italy ($6.07B), Germany ($3.11B), France ($2.47B), United Kingdom ($2.24B), and United States ($2.21B).
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Belgium WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Belgium WERE (2020 - 2021):
In 2021, Belgium's main exporting competitors in Packaged Medicaments were:
In 2021, Belgium's main importing competitors in Packaged Medicaments were:
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