Packaged Medicaments in United States

2019
Exports | Imports
: $27.5B | $79.5B, World Rnk 4 / 205
Flag Rnk 11 / 1217 | World Rnk 1 / 224
Flag Rnk 5 / 1215

2019
Destination | Origin
: $3.27B | $12.9B, Belgium | Switzerland

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $876M | $2.29B, Germany |  Italy

2019
ECONOMIC COMPLEXITY of United States
: 1.64, Rnk 9 / 157

2019
PRODUCT COMPLEXITY  IN Packaged Medicaments
: 0.64, Rnk 320 / 1029

Exports: In 2019, United States exported $27.5B in Packaged Medicaments, making it the 4th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 11th most exported product in United States. The main destination of Packaged Medicaments exports from United States are: Belgium ($3.27B), Japan ($2.44B), Canada ($2.4B), Germany ($2.4B), and Spain ($1.85B).

The fastest growing export markets for Packaged Medicaments of United States between 2018 and 2019 were Germany ($876M), Spain ($430M), and Italy ($426M).

Imports: In 2019, United States imported $79.5B in Packaged Medicaments, becoming the 1st largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in United States. United States imports Packaged Medicaments primarily from: Switzerland ($12.9B), Ireland ($11.9B), Germany ($10.7B), India ($6.8B), and Denmark ($5.73B).

The fastest growing import markets in Packaged Medicaments for United States between 2018 and 2019 were Italy ($2.29B), Denmark ($2.17B), and India ($1.32B).

Overview: In January 2021 United States' Packaged Medicaments exports accounted up to $1.71B and imports accounted up to $7.66B, resulting in a negative trade balance of $5.95B. Between January 2020 and January 2021 the exports of United States'   Packaged Medicaments have decreased by $-255M (-13%) from $1.96B to $1.71B, while imports increased by $1.75B (29.6%) from $5.91B to $7.66B.

Destinations: In January 2021 Packaged Medicaments exported mostly to Canada ($241M), China ($162M), Netherlands ($154M), Japan ($153M), and Belgium ($140M), and imported mostly from Switzerland ($1.58B), Ireland ($1.09B), Germany ($872M), India ($680M), and Denmark ($554M).

Growth: In January 2021, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to United Kingdom ($-197M or -70.4%), Spain ($-85.6M or -42.2%), and Italy ($-62.8M or -73.5%). In January 2021, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Switzerland ($489M or 44.8%), Germany ($282M or 47.9%), and Italy ($212M or 74.4%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (January 2020 - January 2021): $-255M, (-13%)

IMPORT GROWTH (January 2020 - January 2021): $1.75B, (29.6%)

MAIN EXPORTER (January 2021): Puerto Rico, $417M

MAIN DESTINATION (January 2021): Canada, $241M

This section shows Packaged Medicaments's exports and imports data at subnational level for United States. 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.

Value

EXPORTS (2019): $27.5B

IMPORTS (2019): $79.5B

NET TRADE (2019): -$52B

In 2019, United States exported $27.5B in Packaged Medicaments. The main destinations of United States exports on Packaged Medicaments were Belgium ($3.27B), Japan ($2.44B), Canada ($2.4B), Germany ($2.4B), and Spain ($1.85B).

In 2019, United States imported $79.5B in Packaged Medicaments, mainly from Switzerland ($12.9B), Ireland ($11.9B), Germany ($10.7B), India ($6.8B), and Denmark ($5.73B).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

Flow

THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY United States WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, United States's main exporting competitors in Packaged Medicaments were:

In 2018, United States's main importing competitors in Packaged Medicaments were:

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Tariffs by Country

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In 2017, the tariffs for Packaged Medicaments in the imports of United States were of 0% around the world.

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