Packaged Medicaments in United States 2019 Exports | Imports : $27.5B | $79.5B, World Rnk 4 / 205 Rnk 11 / 1217 | World Rnk 1 / 224 Rnk 5 / 1215
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $876M | $2.29B, Germany | Italy
2019 ECONOMIC COMPLEXITY of United States: 1.59, Rnk 9 / 147
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).
July 2021
Overview In July 2021 United States' Packaged Medicaments exports accounted up to $1.99B and imports accounted up to $6.35B, resulting in a negative trade balance of $4.37B. Between July 2020 and July 2021 the exports of United States' Packaged Medicaments have increased by $185M (10.2%) from $1.8B to $1.99B, while imports decreased by $-760M (-10.7%) from $7.11B to $6.35B.
Destinations In July 2021, Packaged Medicaments were exported mostly to United Kingdom ($234M), Canada ($228M), China ($198M), Japan ($186M), and Germany ($142M), and were imported mostly from Ireland ($1.33B), Switzerland ($637M), India ($624M), Denmark ($552M), and Germany ($453M).
Growth In July 2021, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($90.8M or 63.5%), Australia ($52M or 181%), and Spain ($48.7M or 74.6%). In July 2021, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Switzerland ($-559M or -46.7%), Ireland ($-360M or -21.3%), and Sweden ($-163M or -80%).
EXPORT GROWTH (July 2020 - July 2021): $185M, (10.2%)
IMPORT GROWTH (July 2020 - July 2021): $-760M, (-10.7%)
MAIN EXPORTER (July 2021): Puerto Rico, $436M
MAIN DESTINATION (July 2021): United Kingdom, $234M
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.
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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).
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:
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):
In 2019, United States's main exporting competitors in Packaged Medicaments were:
In 2019, United States's main importing competitors in Packaged Medicaments were:
In 2017, the tariffs for Packaged Medicaments in the imports of United States were of 0% around the world.