2023
Exports
$373MWorld Rnk 53 / 214
Flag Rnk 69 / 1200
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$8.34BWorld Rnk 13 / 226
Flag Rnk 2 / 1186
2023
ECONOMIC COMPLEXITY of Russia
0.3Rnk 50 / 132

About

Exports In 2023, Russia exported $373M in Packaged Medicaments, making it the 53rd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 69th most exported product in Russia. The main destination of Packaged Medicaments exports from Russia are: Uzbekistan ($158M), Kazakhstan ($87.2M), Azerbaijan ($30.9M), Kyrgyzstan ($22.5M), and Georgia ($16M).

The fastest growing export markets for Packaged Medicaments of Russia between 2022 and 2023 were Turkey ($10.7M), Uzbekistan ($2.47M), and Austria ($1.31M).

Imports In 2023, Russia imported $8.34B in Packaged Medicaments, becoming the 13th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most imported product in Russia. Russia imports Packaged Medicaments primarily from: Germany ($1.92B), Switzerland ($1.01B), Belgium ($801M), Netherlands ($552M), and Austria ($447M).

The fastest growing import markets in Packaged Medicaments for Russia between 2022 and 2023 were United Kingdom ($81.2M), Ireland ($64.2M), and Croatia ($41.3M).

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)$373M
IMPORTS (2023)$8.34B
NET TRADE (2023)-$7.96B

In 2023, Russia exported $373M in Packaged Medicaments. The main destinations of Russia exports on Packaged Medicaments were Uzbekistan ($158M), Kazakhstan ($87.2M), Azerbaijan ($30.9M), Kyrgyzstan ($22.5M), and Georgia ($16M).

In 2023, Russia imported $8.34B in Packaged Medicaments, mainly from Germany ($1.92B), Switzerland ($1.01B), Belgium ($801M), Netherlands ($552M), and Austria ($447M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Russia WERE (2022 - 2023):
Turkey$10.7M (6.91k%)
Uzbekistan$2.47M (1.59%)
Austria$1.31M (1.13k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Russia WERE (2022 - 2023):
Kazakhstan-$17.9M (-17%)
Vietnam-$15.4M (-100%)
Kyrgyzstan-$14.4M (-39.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Russia's main exporting competitors in Packaged Medicaments were:
In 2023, Russia's 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 POTENTIALChina+ $7.01M
TOP IMPORT POTENTIALGermany+ $386M

Packaged Medicaments’s highest export potential is China. With an export gap of $7.01M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $386M.

See methodology.

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