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2022
Exports $5.88BWorld Rnk 18 / 217
Flag Rnk 19 / 1213
2022
Destination $463M United States
2021 - 2022
FASTEST GROWING MARKET $463MUnited States
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $15.3BWorld Rnk 10 / 224
Flag Rnk 8 / 1214
2022
Origin $1.07B United States
2021 - 2022
FASTEST GROWING ORIGIN $1.07BUnited States
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

Exports In 2022, Japan exported $5.88B in Packaged Medicaments, making it the 18th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 19th most exported product in Japan. The main destination of Packaged Medicaments exports from Japan are: United States ($2.67B), China ($754M), Switzerland ($309M), Italy ($252M), and Chinese Taipei ($234M).

The fastest growing export markets for Packaged Medicaments of Japan between 2021 and 2022 were United States ($463M), Netherlands ($23.7M), and Finland ($13.5M).

Imports In 2022, Japan imported $15.3B in Packaged Medicaments, becoming the 10th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most imported product in Japan. Japan imports Packaged Medicaments primarily from: United States ($4.22B), Germany ($2.05B), Switzerland ($1.78B), Ireland ($1.69B), and Singapore ($756M).

The fastest growing import markets in Packaged Medicaments for Japan between 2021 and 2022 were United States ($1.07B), Ireland ($555M), and Germany ($481M).

COMPANIES In 2023, leading companies such as Wismettac Asian Foods (1) were at the forefront of shipping Packaged Medicaments from Japan to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Japan's Packaged Medicaments exports accounted up to ¥46.4B and imports accounted up to ¥248B, resulting in a negative trade balance of ¥202B. Between July 2023 and July 2024 the exports of Japan's   Packaged Medicaments have decreased by ¥-8.77B (-15.9%) from ¥55.1B to ¥46.4B, while imports increased by ¥87.6B (54.4%) from ¥161B to ¥248B.

Destinations In July 2024, Packaged Medicaments were exported mostly to United States (¥14.1B), China (¥13.9B), Chinese Taipei (¥2.77B), Switzerland (¥2.6B), and France (¥2.27B), and were imported mostly from United States (¥72.3B), Germany (¥28.6B), Switzerland (¥21.4B), Ireland (¥18.5B), and Sweden (¥17.5B).

Growth In July 2024, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to United States (¥-5.24B or -14.2%), China (¥-3.54B or -37.6%), and United Kingdom (¥-2.06B or -41.6%). In July 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from United States (¥27.7B or 131%), Ireland (¥7.42B or 101%), and Puerto Rico (¥3.06B or 40.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)¥-8.77B(-15.9%)
IMPORT GROWTH (July 2023 - July 2024)¥87.6B(54.4%)
MAIN EXPORTER (July 2024)Osaka¥49.6B
MAIN DESTINATION (July 2024)United States¥14.1B

This section shows Packaged Medicaments's exports and imports data at subnational level for Japan. 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 (2022)$5.88B
IMPORTS (2022)$15.3B
NET TRADE (2022)-$9.41B

In 2022, Japan exported $5.88B in Packaged Medicaments. The main destinations of Japan exports on Packaged Medicaments were United States ($2.67B), China ($754M), Switzerland ($309M), Italy ($252M), and Chinese Taipei ($234M).

In 2022, Japan imported $15.3B in Packaged Medicaments, mainly from United States ($4.22B), Germany ($2.05B), Switzerland ($1.78B), Ireland ($1.69B), and Singapore ($756M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Japan WERE (2021 - 2022):
United States$463M (21%)
Netherlands$23.7M (26.3%)
Finland$13.5M (212%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Japan WERE (2021 - 2022):
Switzerland-$98.6M (-24.2%)
China-$60.6M (-7.44%)
Thailand-$30.8M (-28.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, Japan's main importing competitors in Packaged Medicaments were:
United States $91.3B
Switzerland $32.9B
Germany $32B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $419M
TOP IMPORT POTENTIALGermany+ $415M

Packaged Medicaments’s highest export potential is China. With an export gap of $419M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $415M.

See methodology.

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