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Exports In 2022, Estonia exported $116M in Packaged Medicaments, making it the 68th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 41st most exported product in Estonia. The main destination of Packaged Medicaments exports from Estonia are: Netherlands ($28.2M), Lithuania ($26.2M), Latvia ($21.2M), Switzerland ($9.37M), and Russia ($7.81M).

The fastest growing export markets for Packaged Medicaments of Estonia between 2021 and 2022 were Netherlands ($5.2M), Switzerland ($4.58M), and Hungary ($1.86M).

Imports In 2022, Estonia imported $476M in Packaged Medicaments, becoming the 72nd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most imported product in Estonia. Estonia imports Packaged Medicaments primarily from: Germany ($105M), Lithuania ($95.7M), Latvia ($54.5M), Slovenia ($33.5M), and Poland ($27.5M).

The fastest growing import markets in Packaged Medicaments for Estonia between 2021 and 2022 were Lithuania ($31.5M), Slovenia ($12.8M), and Czechia ($2.56M).

Latest Trends

Apr 2024

Subnational Monthly Trade

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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)$116M
IMPORTS (2022)$476M
NET TRADE (2022)-$360M

In 2022, Estonia exported $116M in Packaged Medicaments. The main destinations of Estonia exports on Packaged Medicaments were Netherlands ($28.2M), Lithuania ($26.2M), Latvia ($21.2M), Switzerland ($9.37M), and Russia ($7.81M).

In 2022, Estonia imported $476M in Packaged Medicaments, mainly from Germany ($105M), Lithuania ($95.7M), Latvia ($54.5M), Slovenia ($33.5M), and Poland ($27.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Estonia WERE (2021 - 2022):
Netherlands$5.2M (22.6%)
Switzerland$4.58M (95.8%)
Hungary$1.86M (239%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Estonia WERE (2021 - 2022):
Lithuania-$12M (-31.4%)
Latvia-$3.02M (-12.5%)
Ukraine-$1.78M (-51.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Packaged Medicaments by Exporters

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