Packaged Medicaments in United States

About

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).

Latest Trends

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Overview

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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.