2023
Exports
$1.41BWorld Rnk 29 / 214
Flag Rnk 9 / 1207
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$1.71BWorld Rnk 39 / 226
Flag Rnk 4 / 1209
2023
ECONOMIC COMPLEXITY of Finland
1.46Rnk 13 / 132

About

Exports In 2023, Finland exported $1.41B in Packaged Medicaments, making it the 29th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 9th most exported product in Finland. The main destination of Packaged Medicaments exports from Finland are: United States ($544M), Germany ($90.7M), China ($88.8M), Japan ($56.3M), and Canada ($43.4M).

The fastest growing export markets for Packaged Medicaments of Finland between 2022 and 2023 were United States ($266M), Germany ($43.6M), and Japan ($18.5M).

Imports In 2023, Finland imported $1.71B in Packaged Medicaments, becoming the 39th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Finland. Finland imports Packaged Medicaments primarily from: Germany ($382M), Denmark ($258M), Netherlands ($154M), Ireland ($128M), and Sweden ($112M).

The fastest growing import markets in Packaged Medicaments for Finland between 2022 and 2023 were Netherlands ($59.3M), Germany ($32.2M), and Austria ($17.3M).

Latest Trends

Dec 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 (2023)$1.41B
IMPORTS (2023)$1.71B
NET TRADE (2023)-$295M

In 2023, Finland exported $1.41B in Packaged Medicaments. The main destinations of Finland exports on Packaged Medicaments were United States ($544M), Germany ($90.7M), China ($88.8M), Japan ($56.3M), and Canada ($43.4M).

In 2023, Finland imported $1.71B in Packaged Medicaments, mainly from Germany ($382M), Denmark ($258M), Netherlands ($154M), Ireland ($128M), and Sweden ($112M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Finland WERE (2022 - 2023):
United States$266M (95.8%)
Germany$43.6M (92.6%)
Japan$18.5M (49.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Finland WERE (2022 - 2023):
Russia-$3.97M (-35.9%)
Switzerland-$3.66M (-26.8%)
Netherlands-$2.06M (-4.96%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Finland's main exporting competitors in Packaged Medicaments were:
In 2023, Finland'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 POTENTIALUnited States+ $132M
TOP IMPORT POTENTIALGermany+ $79.1M

Packaged Medicaments’s highest export potential is United States. With an export gap of $132M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $79.1M.

See methodology.

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