HS Icon Packaged Medicaments in  Flag Belgium

2019
Exports | Imports
: $24.2B | $18.6B, World Rnk 7 / 205
Flag Rnk 3 / 1215 | World Rnk 4 / 224
Flag Rnk 3 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $955M | $1.06B, United States |  Switzerland

2019
ECONOMIC COMPLEXITY of Belgium
: 1.32, Rnk 18 / 147

2019
PRODUCT COMPLEXITY  IN Packaged Medicaments
: 0.64, Rnk 320 / 1029

Exports In 2019, Belgium exported $24.2B 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 ($4.4B), Italy ($2.71B), Germany ($2.64B), United Kingdom ($2.03B), and China ($1.04B).

The fastest growing export markets for Packaged Medicaments of Belgium between 2018 and 2019 were United States ($955M), Germany ($439M), and Japan ($196M).

Imports In 2019, Belgium imported $18.6B in Packaged Medicaments, becoming the 4th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most imported product in Belgium. Belgium imports Packaged Medicaments primarily from: Italy ($4.77B), United States ($3.27B), Germany ($2.04B), Switzerland ($1.82B), and France ($1.76B).

The fastest growing import markets in Packaged Medicaments for Belgium between 2018 and 2019 were Switzerland ($1.06B), Italy ($600M), and Germany ($465M).

Historical Data

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EXPORTS (2019): $24.2B

IMPORTS (2019): $18.6B

NET TRADE (2019): $5.61B

In 2019, Belgium exported $24.2B in Packaged Medicaments. The main destinations of Belgium exports on Packaged Medicaments were United States ($4.4B), Italy ($2.71B), Germany ($2.64B), United Kingdom ($2.03B), and China ($1.04B).

In 2019, Belgium imported $18.6B in Packaged Medicaments, mainly from Italy ($4.77B), United States ($3.27B), Germany ($2.04B), Switzerland ($1.82B), and France ($1.76B).

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IN 2019, Belgium HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

IN 2019, Belgium HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

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THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Belgium WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Belgium WERE (2018 - 2019):

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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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Tariffs by Country

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In 2017, the tariffs for Packaged Medicaments in the imports of Belgium were of 0% around the world.