NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $41BWorld Rnk 2 / 214
Flag Rnk 8 / 1217
2023
Destination $805M Spain
2022 - 2023
FASTEST GROWING MARKET $805MChina
2023
PRODUCT COMPLEXITY IN Packaged Medicaments0.63Rnk 313 / 1025
2023
Imports $82.7BWorld Rnk 1 / 226
Flag Rnk 6 / 1215
2023
Origin $2.17B Ireland
2022 - 2023
FASTEST GROWING ORIGIN $2.17BSlovenia
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $41B in Packaged Medicaments, making it the 2nd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most exported product in United States. The main destination of Packaged Medicaments exports from United States are: Spain ($5.2B), Japan ($3.64B), China ($3.55B), Belgium ($3.47B), and Germany ($3.12B).

The fastest growing export markets for Packaged Medicaments of United States between 2022 and 2023 were China ($805M), Spain ($452M), and Belgium ($355M).

Imports In 2023, United States imported $82.7B in Packaged Medicaments, becoming the 1st largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 6th most imported product in United States. United States imports Packaged Medicaments primarily from: Ireland ($12.9B), Switzerland ($10.5B), India ($10.4B), Germany ($8.38B), and Italy ($5.47B).

The fastest growing import markets in Packaged Medicaments for United States between 2022 and 2023 were Slovenia ($2.17B), India ($1.75B), and Singapore ($1.57B).

COMPANIES In 2023, leading companies such as Baxter Healthcare (372), L'Oreal (51), and Conair (5) were at the forefront of shipping Packaged Medicaments to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Packaged Medicaments exports accounted up to $2.44B and imports accounted up to $6.82B, resulting in a negative trade balance of $4.37B. Between November 2023 and November 2024 the exports of United States'   Packaged Medicaments have decreased by $-269M (-9.9%) from $2.71B to $2.44B, while imports decreased by $-251M (-3.55%) from $7.07B to $6.82B.

Destinations In November 2024, Packaged Medicaments were exported mostly to Canada ($376M), Spain ($307M), Japan ($273M), Netherlands ($158M), and United Kingdom ($152M), and were imported mostly from Switzerland ($956M), Ireland ($859M), India ($727M), Italy ($557M), and China ($526M).

Growth In November 2024, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-168M or -47.2%), Germany ($-47.9M or -46.7%), and Canada ($-24.2M or -9.39%). In November 2024, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Germany ($-119M or -16.8%), Belgium ($-36.5M or -25.5%), and Sweden ($-33.6M or -53.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-269M(-9.9%)
IMPORT GROWTH (November 2023 - November 2024)$-251M(-3.55%)
MAIN EXPORTER (November 2024)Puerto Rico$1.08B
MAIN DESTINATION (November 2024)Canada$376M

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$41B
IMPORTS (2023)$82.7B
NET TRADE (2023)-$41.8B

In 2023, United States exported $41B in Packaged Medicaments. The main destinations of United States exports on Packaged Medicaments were Spain ($5.2B), Japan ($3.64B), China ($3.55B), Belgium ($3.47B), and Germany ($3.12B).

In 2023, United States imported $82.7B in Packaged Medicaments, mainly from Ireland ($12.9B), Switzerland ($10.5B), India ($10.4B), Germany ($8.38B), and Italy ($5.47B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR United States WERE (2022 - 2023):
China$805M (29.4%)
Spain$452M (9.52%)
Belgium$355M (11.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY United States WERE (2022 - 2023):
United Kingdom-$2.65B (-50.8%)
Japan-$763M (-17.3%)
Italy-$385M (-45.8%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Packaged Medicaments were:
Germany $66.4B
Switzerland $39.7B
In 2023, United States's main importing competitors in Packaged Medicaments were:
Switzerland $40B
Germany $30.8B

Explore Visualizations

Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $1.05B
TOP IMPORT POTENTIALCanada+ $2.54B

Packaged Medicaments’s highest export potential is Canada. With an export gap of $1.05B.   Packaged Medicaments’s highest import potential is Canada with an import gap of $2.54B.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms