HS Icon Packaged Medicaments in  Flag Belgium

2020
Exports | Imports
: $21.6B | $17.3B, World Rnk 7 / 210
Flag Rnk 2 / 1215 | World Rnk 7 / 224
Flag Rnk 2 / 1212

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.47B | $1.05B, United States |  Italy


ECONOMIC COMPLEXITY of Belgium
: 1.33, Rnk 17 / 127


PRODUCT COMPLEXITY  IN Packaged Medicaments
: 0.58, Rnk 332 / 1028

Exports In 2020, Belgium exported $21.6B in Packaged Medicaments, making it the 7th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most exported product in Belgium. The main destination of Packaged Medicaments exports from Belgium are: United States ($5.72B), Italy ($2.71B), Germany ($1.21B), France ($1.08B), and China ($943M).

The fastest growing export markets for Packaged Medicaments of Belgium between 2019 and 2020 were United States ($1.47B), China ($428M), and Italy ($370M).

Imports In 2020, Belgium imported $17.3B in Packaged Medicaments, becoming the 7th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most imported product in Belgium. Belgium imports Packaged Medicaments primarily from: Italy ($5.78B), France ($2.45B), Germany ($2.37B), United States ($1.76B), and United Kingdom ($996M).

The fastest growing import markets in Packaged Medicaments for Belgium between 2019 and 2020 were Italy ($1.05B), France ($744M), and Germany ($369M).

Subnational Monthly Trade

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Time Scale
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Value

EXPORT GROWTH (April 2021 - April 2022): €391M, (21%)

IMPORT GROWTH (April 2021 - April 2022): €-186M, (-13.4%)

MAIN DESTINATION (April 2022): United States, €402M

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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Historical Data

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EXPORTS (2020): $21.6B

IMPORTS (2020): $17.3B

NET TRADE (2020): $4.32B

In 2020, Belgium exported $21.6B in Packaged Medicaments. The main destinations of Belgium exports on Packaged Medicaments were United States ($5.72B), Italy ($2.71B), Germany ($1.21B), France ($1.08B), and China ($943M).

In 2020, Belgium imported $17.3B in Packaged Medicaments, mainly from Italy ($5.78B), France ($2.45B), Germany ($2.37B), United States ($1.76B), and United Kingdom ($996M).

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IN 2020, Belgium HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

IN 2020, Belgium HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

Flow

THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Belgium WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Belgium WERE (2019 - 2020):

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Market Concentration

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In 2019, Belgium's main exporting competitors in Packaged Medicaments were:

In 2019, Belgium's main importing competitors in Packaged Medicaments were:

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