2023
Exports
$8.63BWorld Rnk 16 / 214
Flag Rnk 7 / 1202
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$1.56BWorld Rnk 46 / 226
Flag Rnk 35 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $8.63B in Packaged Medicaments, making it the 16th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most exported product in Singapore. The main destination of Packaged Medicaments exports from Singapore are: United States ($2.93B), Switzerland ($1.87B), United Kingdom ($776M), Japan ($758M), and Hong Kong ($225M).

The fastest growing export markets for Packaged Medicaments of Singapore between 2022 and 2023 were United States ($1.57B), United Kingdom ($765M), and Germany ($81M).

Imports In 2023, Singapore imported $1.56B in Packaged Medicaments, becoming the 46th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 35th most imported product in Singapore. Singapore imports Packaged Medicaments primarily from: United States ($306M), Switzerland ($137M), Germany ($137M), Malaysia ($95.4M), and France ($91.1M).

The fastest growing import markets in Packaged Medicaments for Singapore between 2022 and 2023 were Brazil ($17.2M), Italy ($8.92M), and Thailand ($7.88M).

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)$8.63B
IMPORTS (2023)$1.56B
NET TRADE (2023)$7.07B

In 2023, Singapore exported $8.63B in Packaged Medicaments. The main destinations of Singapore exports on Packaged Medicaments were United States ($2.93B), Switzerland ($1.87B), United Kingdom ($776M), Japan ($758M), and Hong Kong ($225M).

In 2023, Singapore imported $1.56B in Packaged Medicaments, mainly from United States ($306M), Switzerland ($137M), Germany ($137M), Malaysia ($95.4M), and France ($91.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
United States$1.57B (116%)
United Kingdom$765M (6.59k%)
Germany$81M (1.78k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Singapore WERE (2022 - 2023):
Switzerland-$924M (-33.1%)
China-$256M (-66.2%)
Egypt-$88.6M (-80.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Packaged Medicaments were:
In 2023, Singapore's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $353M
TOP IMPORT POTENTIALIndia+ $77.2M

Packaged Medicaments’s highest export potential is United States. With an export gap of $353M.   Packaged Medicaments’s highest import potential is India with an import gap of $77.2M.

See methodology.

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