Pharmaceutical products in Italy | The Observatory of Economic Complexity

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Exports In 2022, Italy exported $47.6B in Pharmaceutical products, making it the 6th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 2nd most exported product in Italy. The main destination of Pharmaceutical products exports from Italy are: Belgium ($10.3B), United States ($7.26B), Switzerland ($4.55B), Germany ($4.12B), and Netherlands ($3.31B).

The fastest growing export markets for Pharmaceutical products of Italy between 2021 and 2022 were Belgium ($2.87B), United States ($1.98B), and Switzerland ($1.08B).

Imports In 2022, Italy imported $34.1B in Pharmaceutical products, becoming the 8th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 5th most imported product in Italy. Italy imports Pharmaceutical products primarily from: Germany ($11.1B), Belgium ($5.15B), Switzerland ($2.97B), France ($2.84B), and Netherlands ($2.43B).

The fastest growing import markets in Pharmaceutical products for Italy between 2021 and 2022 were Germany ($4.07B), Belgium ($536M), and South Korea ($238M).

COMPANIES In 2023, leading companies such as BAXTER HEALTHCARE CORPORATION (180) and STIHL INCORPORATED (20) were at the forefront of shipping Pharmaceutical products from Italy to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Italy's Pharmaceutical products exports accounted up to €3.64B and imports accounted up to €2.59B, resulting in a positive trade balance of €1.05B. Between January 2023 and January 2024 the exports of Italy's Pharmaceutical products have decreased by €-680M (-15.7%) from €4.32B to €3.64B, while imports decreased by €-188M (-6.75%) from €2.78B to €2.59B.

Destinations In January 2024, Pharmaceutical products were exported mostly to United States (€703M), Belgium (€632M), Switzerland (€607M), Netherlands (€346M), and Germany (€265M), and were imported mostly from Germany (€519M), Belgium (€489M), Switzerland (€287M), Netherlands (€254M), and Ireland (€187M).

Growth In January 2024, the decrease in Pharmaceutical products's year-by-year exports was explained primarily by a decrease in exports to Germany (€-177M or -45.5%), United States (€-141M or -28.2%), and Spain (€-21.1M or -21.6%). In January 2024, the decrease in Pharmaceutical products's year-by-year imports was explained primarily by a decrease in imports from Belgium (€-204M or -32.5%), France (€-66.6M or -29.3%), and Netherlands (€-45.6M or -16.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-680M(-15.7%)

IMPORT GROWTH (January 2023 - January 2024)€-188M(-6.75%)

MAIN DESTINATION (January 2024)United States€703M

This section shows Pharmaceutical products's exports and imports data at subnational level for Italy. 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 Pharmaceutical products over time.

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