2023
Exports
$66.4BWorld Rnk 1 / 214
Flag Rnk 3 / 1215
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$30.8BWorld Rnk 3 / 226
Flag Rnk 7 / 1215
2023
ECONOMIC COMPLEXITY of Germany
1.79Rnk 5 / 132

About

Exports In 2023, Germany exported $66.4B in Packaged Medicaments, making it the 1st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most exported product in Germany. The main destination of Packaged Medicaments exports from Germany are: United States ($8.38B), Switzerland ($6.36B), Italy ($5.17B), Netherlands ($4.48B), and Belgium ($3.86B).

The fastest growing export markets for Packaged Medicaments of Germany between 2022 and 2023 were Netherlands ($670M), Mexico ($266M), and Switzerland ($256M).

Imports In 2023, Germany imported $30.8B in Packaged Medicaments, becoming the 3rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most imported product in Germany. Germany imports Packaged Medicaments primarily from: Ireland ($5.39B), Switzerland ($3.24B), United States ($3.12B), Netherlands ($2.64B), and Italy ($2.56B).

The fastest growing import markets in Packaged Medicaments for Germany between 2022 and 2023 were Spain ($360M), Sweden ($191M), and Denmark ($162M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (7) and Hilti Power Tools (1) were at the forefront of shipping Packaged Medicaments from Germany to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$66.4B
IMPORTS (2023)$30.8B
NET TRADE (2023)$35.5B

In 2023, Germany exported $66.4B in Packaged Medicaments. The main destinations of Germany exports on Packaged Medicaments were United States ($8.38B), Switzerland ($6.36B), Italy ($5.17B), Netherlands ($4.48B), and Belgium ($3.86B).

In 2023, Germany imported $30.8B in Packaged Medicaments, mainly from Ireland ($5.39B), Switzerland ($3.24B), United States ($3.12B), Netherlands ($2.64B), and Italy ($2.56B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Germany WERE (2022 - 2023):
Netherlands$670M (17.6%)
Mexico$266M (52.9%)
Switzerland$256M (4.19%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Germany WERE (2022 - 2023):
United States-$2.45B (-22.6%)
United Kingdom-$1.89B (-46.7%)
Italy-$1.8B (-25.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Germany's main exporting competitors in Packaged Medicaments were:
In 2023, Germany's main importing competitors in Packaged Medicaments were:

Explore Visualizations

Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $1.8B
TOP IMPORT POTENTIALSwitzerland+ $1.74B

Packaged Medicaments’s highest export potential is Belgium. With an export gap of $1.8B.   Packaged Medicaments’s highest import potential is Switzerland with an import gap of $1.74B.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with