2022
Exports
$74.8BWorld Rnk 1 / 217
Flag Rnk 2 / 1216
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$32BWorld Rnk 3 / 224
Flag Rnk 7 / 1215
2022
ECONOMIC COMPLEXITY of Germany
1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $74.8B in Packaged Medicaments, making it the 1st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most exported product in Germany. The main destination of Packaged Medicaments exports from Germany are: United States ($16B), Italy ($6.83B), Switzerland ($6B), Netherlands ($4.23B), and Belgium ($4.2B).

The fastest growing export markets for Packaged Medicaments of Germany between 2021 and 2022 were United States ($4.19B), Italy ($3.93B), and Belgium ($1.09B).

Imports In 2022, Germany imported $32B 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 ($5.74B), United Kingdom ($3.2B), Switzerland ($3.18B), Netherlands ($2.96B), and Italy ($2.89B).

The fastest growing import markets in Packaged Medicaments for Germany between 2021 and 2022 were United Kingdom ($1.53B), Belgium ($869M), and Ireland ($629M).

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

Aug 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)$74.8B
IMPORTS (2022)$32B
NET TRADE (2022)$42.8B

In 2022, Germany exported $74.8B in Packaged Medicaments. The main destinations of Germany exports on Packaged Medicaments were United States ($16B), Italy ($6.83B), Switzerland ($6B), Netherlands ($4.23B), and Belgium ($4.2B).

In 2022, Germany imported $32B in Packaged Medicaments, mainly from Ireland ($5.74B), United Kingdom ($3.2B), Switzerland ($3.18B), Netherlands ($2.96B), and Italy ($2.89B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Germany WERE (2021 - 2022):
United States$4.19B (35.5%)
Italy$3.93B (136%)
Belgium$1.09B (35.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Germany WERE (2021 - 2022):
Switzerland-$492M (-7.59%)
China-$349M (-10.8%)
Ireland-$167M (-19%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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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.

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