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2023
Exports $37.6BWorld Rnk 4 / 214
Flag Rnk 1 / 1216
2023
Destination $2.56B Switzerland
2022 - 2023
FASTEST GROWING MARKET $2.56BSwitzerland
2023
PRODUCT COMPLEXITY IN Packaged Medicaments0.63Rnk 313 / 1025
2023
Imports $20BWorld Rnk 6 / 226
Flag Rnk 4 / 1213
2023
Origin $1.28B Germany
2022 - 2023
FASTEST GROWING ORIGIN $1.28BSwitzerland
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $37.6B in Packaged Medicaments, making it the 4th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 1st most exported product in Italy. The main destination of Packaged Medicaments exports from Italy are: Switzerland ($6.74B), Belgium ($5.9B), United States ($5.47B), China ($3.94B), and Germany ($2.56B).

The fastest growing export markets for Packaged Medicaments of Italy between 2022 and 2023 were Switzerland ($2.56B), China ($2.41B), and United States ($802M).

Imports In 2023, Italy imported $20B in Packaged Medicaments, becoming the 6th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Italy. Italy imports Packaged Medicaments primarily from: Germany ($5.17B), Belgium ($3.79B), Switzerland ($2.67B), France ($1.87B), and Ireland ($1.46B).

The fastest growing import markets in Packaged Medicaments for Italy between 2022 and 2023 were Switzerland ($1.28B), Belgium ($620M), and Spain ($157M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (176) were at the forefront of shipping Packaged Medicaments from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Packaged Medicaments exports accounted up to €3.64B and imports accounted up to €1.84B, resulting in a positive trade balance of €1.8B. Between October 2023 and October 2024 the exports of Italy's   Packaged Medicaments have increased by €605M (19.9%) from €3.03B to €3.64B, while imports increased by €192M (11.7%) from €1.65B to €1.84B.

Destinations In October 2024, Packaged Medicaments were exported mostly to Switzerland (€770M), Belgium (€722M), United States (€441M), United Kingdom (€330M), and Germany (€323M), and were imported mostly from Belgium (€414M), Switzerland (€279M), Germany (€252M), France (€164M), and Ireland (€161M).

Growth In October 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to China (€1.36B or 3.75k%), Belgium (€143M or 35.4%), and Switzerland (€143M or 79%). In October 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Germany (€736M or 393%), Japan (€18M or 421%), and Canada (€14.9M or 887%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€605M(19.9%)
IMPORT GROWTH (October 2023 - October 2024)€192M(11.7%)
MAIN DESTINATION (October 2024)Switzerland€770M

This section shows Packaged Medicaments's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Packaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$37.6B
IMPORTS (2023)$20B
NET TRADE (2023)$17.6B

In 2023, Italy exported $37.6B in Packaged Medicaments. The main destinations of Italy exports on Packaged Medicaments were Switzerland ($6.74B), Belgium ($5.9B), United States ($5.47B), China ($3.94B), and Germany ($2.56B).

In 2023, Italy imported $20B in Packaged Medicaments, mainly from Germany ($5.17B), Belgium ($3.79B), Switzerland ($2.67B), France ($1.87B), and Ireland ($1.46B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Switzerland$2.56B (61.3%)
China$2.41B (158%)
United States$802M (17.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Italy WERE (2022 - 2023):
Belgium-$3.02B (-33.9%)
United Kingdom-$250M (-17.5%)
Japan-$144M (-25.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Packaged Medicaments were:
Germany $66.4B
United States $41B
Switzerland $39.7B
In 2023, Italy's main importing competitors in Packaged Medicaments were:
United States $82.7B
Switzerland $40B
Germany $30.8B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.28B
TOP IMPORT POTENTIALSwitzerland+ $1.04B

Packaged Medicaments’s highest export potential is United States. With an export gap of $1.28B.   Packaged Medicaments’s highest import potential is Switzerland with an import gap of $1.04B.

See methodology.

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