Packaged Medicaments in United States 2020 Exports | Imports : $26.1B | $84.1B, World Rnk 6 / 210 Rnk 10 / 1217 | World Rnk 1 / 224 Rnk 3 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $887M | $2.38B, China | Ireland
2020 ECONOMIC COMPLEXITY of United States: 1.56, Rnk 9 / 127
2020 PRODUCT COMPLEXITY IN Packaged Medicaments: 0.6, Rnk 320 / 1029
Exports In 2020, United States exported $26.1B in Packaged Medicaments, making it the 6th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most exported product in United States. The main destination of Packaged Medicaments exports from United States are: Germany ($2.57B), China ($2.47B), Canada ($2.46B), Japan ($2.3B), and Spain ($1.87B).
The fastest growing export markets for Packaged Medicaments of United States between 2019 and 2020 were China ($887M), Germany ($147M), and Netherlands ($141M).
Imports In 2020, United States imported $84.1B in Packaged Medicaments, becoming the 1st largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most imported product in United States. United States imports Packaged Medicaments primarily from: Ireland ($14.4B), Switzerland ($13.2B), Germany ($10.8B), India ($7.26B), and Denmark ($6.01B).
The fastest growing import markets in Packaged Medicaments for United States between 2019 and 2020 were Ireland ($2.38B), Belgium ($1.47B), and Sweden ($1.17B).
December 2022
Overview In December 2022 United States' Packaged Medicaments exports accounted up to $2.67B and imports accounted up to $7.21B, resulting in a negative trade balance of $4.54B. Between December 2021 and December 2022 the exports of United States' Packaged Medicaments have decreased by $-1.93M (-0.072%) from $2.67B to $2.67B, while imports decreased by $-261M (-3.49%) from $7.47B to $7.21B.
Destinations In December 2022, Packaged Medicaments were exported mostly to United Kingdom ($453M), Japan ($364M), China ($260M), Spain ($224M), and Canada ($203M), and were imported mostly from Germany ($1.22B), Denmark ($1.1B), Ireland ($997M), India ($622M), and Switzerland ($606M).
Growth In December 2022, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to China ($-92.6M or -57.2%), Ireland ($-62M or -64.2%), and Belgium ($-39.6M or -28.4%). In December 2022, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Switzerland ($-785M or -49.7%), Denmark ($-177M or -32%), and Germany ($-161M or -18.5%).
EXPORT GROWTH (December 2021 - December 2022): $-1.93M, (-0.072%)
IMPORT GROWTH (December 2021 - December 2022): $-261M, (-3.49%)
MAIN EXPORTER (December 2022): Puerto Rico, $595M
MAIN DESTINATION (December 2022): United Kingdom, $453M
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 (2020): $26.1B
IMPORTS (2020): $84.1B
NET TRADE (2020): -$58.1B
In 2020, United States exported $26.1B in Packaged Medicaments. The main destinations of United States exports on Packaged Medicaments were Germany ($2.57B), China ($2.47B), Canada ($2.46B), Japan ($2.3B), and Spain ($1.87B).
In 2020, United States imported $84.1B in Packaged Medicaments, mainly from Ireland ($14.4B), Switzerland ($13.2B), Germany ($10.8B), India ($7.26B), and Denmark ($6.01B).
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR United States WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY United States WERE (2019 - 2020):
In 2020, United States's main exporting competitors in Packaged Medicaments were:
In 2020, United States's main importing competitors in Packaged Medicaments were:
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