Packaged Medicaments in Japan | The Observatory of Economic Complexity

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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 were at the forefront of shipping Packaged Medicaments from Japan to the United States.

Latest Trends

January 2024

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Overview In January 2024 Japan's Packaged Medicaments exports accounted up to ¥72B and imports accounted up to ¥172B, resulting in a negative trade balance of ¥100B. Between January 2023 and January 2024 the exports of Japan's Packaged Medicaments have increased by ¥20B (38.4%) from ¥52B to ¥72B, while imports decreased by ¥-14.1B (-7.58%) from ¥186B to ¥172B.

Destinations In January 2024, Packaged Medicaments were exported mostly to United States (¥45.6B), China (¥8.66B), South Korea (¥2.38B), United Kingdom (¥2.09B), and Taiwan (¥1.97B), and were imported mostly from Germany (¥25.7B), United States (¥18.5B), Ireland (¥15.5B), Puerto Rico (¥14B), and Sweden (¥13.9B).

Growth In January 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Thailand (¥299M or 55.5%), South Korea (¥273M or 18.9%), and Italy (¥165M or 25.3%). In January 2024, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Sweden (¥-11.1B or -64%), Germany (¥-6.53B or -25.6%), and Singapore (¥-4.63B or -31.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)¥20B(38.4%)

IMPORT GROWTH (January 2023 - January 2024)¥-14.1B(-7.58%)

MAIN EXPORTER (January 2024)Osaka¥45.6B

MAIN DESTINATION (January 2024)United States¥45.6B

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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