2023
Exports
$477MWorld Rnk 47 / 214
Flag Rnk 33 / 1148
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$4.99BWorld Rnk 19 / 226
Flag Rnk 5 / 1206
2023
ECONOMIC COMPLEXITY of Saudi Arabia
0.76Rnk 36 / 132

About

Exports In 2023, Saudi Arabia exported $477M in Packaged Medicaments, making it the 47th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 33rd most exported product in Saudi Arabia. The main destination of Packaged Medicaments exports from Saudi Arabia are: United Arab Emirates ($147M), Iraq ($60.5M), Kuwait ($42.1M), Sudan ($36.4M), and Egypt ($33.9M).

The fastest growing export markets for Packaged Medicaments of Saudi Arabia between 2022 and 2023 were United Arab Emirates ($26.3M), Sudan ($19.4M), and Jordan ($12.3M).

Imports In 2023, Saudi Arabia imported $4.99B in Packaged Medicaments, becoming the 19th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Saudi Arabia. Saudi Arabia imports Packaged Medicaments primarily from: Germany ($724M), United States ($540M), Denmark ($421M), Ireland ($407M), and Switzerland ($351M).

The fastest growing import markets in Packaged Medicaments for Saudi Arabia between 2022 and 2023 were Ireland ($259M), Germany ($255M), and Belgium ($121M).

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)$477M
IMPORTS (2023)$4.99B
NET TRADE (2023)-$4.51B

In 2023, Saudi Arabia exported $477M in Packaged Medicaments. The main destinations of Saudi Arabia exports on Packaged Medicaments were United Arab Emirates ($147M), Iraq ($60.5M), Kuwait ($42.1M), Sudan ($36.4M), and Egypt ($33.9M).

In 2023, Saudi Arabia imported $4.99B in Packaged Medicaments, mainly from Germany ($724M), United States ($540M), Denmark ($421M), Ireland ($407M), and Switzerland ($351M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Saudi Arabia WERE (2022 - 2023):
United Arab Emirates$26.3M (21.8%)
Sudan$19.4M (114%)
Jordan$12.3M (76.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Saudi Arabia WERE (2022 - 2023):
Egypt-$26.7M (-44.1%)
Oman-$5.04M (-15.7%)
Djibouti-$5.03M (-68.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Saudi Arabia's main exporting competitors in Packaged Medicaments were:
In 2023, Saudi Arabia'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 POTENTIALUnited Arab Emirates+ $12.7M
TOP IMPORT POTENTIALGermany+ $181M

Packaged Medicaments’s highest export potential is United Arab Emirates. With an export gap of $12.7M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $181M.

See methodology.

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