2023
Exports
$1.54BWorld Rnk 27 / 214
Flag Rnk 8 / 1140
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$1.93BWorld Rnk 36 / 226
Flag Rnk 5 / 1190
2023
ECONOMIC COMPLEXITY of Israel
1.28Rnk 19 / 132

About

Exports In 2023, Israel exported $1.54B in Packaged Medicaments, making it the 27th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most exported product in Israel. The main destination of Packaged Medicaments exports from Israel are: United States ($1.07B), Germany ($173M), Canada ($44M), China ($36.5M), and Hungary ($28.4M).

The fastest growing export markets for Packaged Medicaments of Israel between 2022 and 2023 were Germany ($100M), United States ($63.3M), and Denmark ($5.46M).

Imports In 2023, Israel imported $1.93B in Packaged Medicaments, becoming the 36th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Israel. Israel imports Packaged Medicaments primarily from: United States ($388M), Germany ($308M), Ireland ($150M), Denmark ($148M), and Switzerland ($119M).

The fastest growing import markets in Packaged Medicaments for Israel between 2022 and 2023 were United States ($260M), Germany ($133M), and Ireland ($54.1M).

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)$1.54B
IMPORTS (2023)$1.93B
NET TRADE (2023)-$391M

In 2023, Israel exported $1.54B in Packaged Medicaments. The main destinations of Israel exports on Packaged Medicaments were United States ($1.07B), Germany ($173M), Canada ($44M), China ($36.5M), and Hungary ($28.4M).

In 2023, Israel imported $1.93B in Packaged Medicaments, mainly from United States ($388M), Germany ($308M), Ireland ($150M), Denmark ($148M), and Switzerland ($119M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Israel WERE (2022 - 2023):
Germany$100M (138%)
United States$63.3M (6.3%)
Denmark$5.46M (94.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Israel WERE (2022 - 2023):
Palestine-$79M (-100%)
Malta-$25.6M (-96.2%)
United Kingdom-$13.4M (-61.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Israel' main exporting competitors in Packaged Medicaments were:
In 2023, Israel' main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $146M
TOP IMPORT POTENTIALGermany+ $88.8M

Packaged Medicaments’s highest export potential is United States. With an export gap of $146M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $88.8M.

See methodology.

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