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%).