2021
Exports | Imports
$31.4B | $86.3BWorld Rnk 4 / 213
Flag Rnk 8 / 1216
World Rnk 1 / 224
Flag Rnk 5 / 1215
2021
ECONOMIC COMPLEXITY of United States
1.46Rnk 10 / 131
2021
PRODUCT COMPLEXITY IN Packaged Medicaments
0.65Rnk 304 / 1024

About

Exports In 2021, United States exported $31.4B in Packaged Medicaments, making it the 4th 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: Canada ($3.73B), Japan ($3.14B), United Kingdom ($2.69B), Spain ($2.58B), and Germany ($2.48B).

The fastest growing export markets for Packaged Medicaments of United States between 2020 and 2021 were Canada ($1.27B), United Kingdom ($953M), and Japan ($812M).

Imports In 2021, United States imported $86.3B 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 ($16.3B), Ireland ($12.4B), Germany ($11.8B), India ($7.44B), and Denmark ($6.27B).

The fastest growing import markets in Packaged Medicaments for United States between 2020 and 2021 were Switzerland ($3.07B), Canada ($1.37B), and Germany ($1.01B).

Latest Trends

November 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - November 2023)$-395M(-12.7%)
IMPORT GROWTH (November 2022 - November 2023)$-274M(-3.73%)
MAIN EXPORTER (November 2023)Puerto Rico$998M
MAIN DESTINATION (November 2023)United Kingdom$385M

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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Historical Data

Trade Balance

Color
EXPORTS (2021)$31.4B
IMPORTS (2021)$86.3B
NET TRADE (2021)-$54.9B

In 2021, United States exported $31.4B in Packaged Medicaments. The main destinations of United States exports on Packaged Medicaments were Canada ($3.73B), Japan ($3.14B), United Kingdom ($2.69B), Spain ($2.58B), and Germany ($2.48B).

In 2021, United States imported $86.3B in Packaged Medicaments, mainly from Switzerland ($16.3B), Ireland ($12.4B), Germany ($11.8B), India ($7.44B), and Denmark ($6.27B).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR United States WERE (2020 - 2021):
Canada$1.27B (51.5%)
United Kingdom$953M (54.9%)
Japan$812M (34.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY United States WERE (2020 - 2021):
Italy-$184M (-20.7%)
Switzerland-$130M (-16.8%)
Russia-$104M (-52.2%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, United States's main exporting competitors in Packaged Medicaments were:
In 2021, United States's main importing competitors in Packaged Medicaments were:

Explore Visualizations

Trade Value of Packaged Medicaments by Exporters

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