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2022
Exports $47.6BWorld Rnk 6 / 223
Flag Rnk 2 / 96
2022
Destination $2.87B Belgium
2021 - 2022
FASTEST GROWING MARKET $2.87BBelgium
2022
PRODUCT COMPLEXITY IN Pharmaceutical products1.38Rnk 75 / 1025
2022
Imports $34.1BWorld Rnk 8 / 226
Flag Rnk 5 / 96
2022
Origin $4.07B Germany
2021 - 2022
FASTEST GROWING ORIGIN $4.07BGermany
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

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 (179) and Stihl (20) were at the forefront of shipping Pharmaceutical products from Italy to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Italy's Pharmaceutical products exports accounted up to €4.54B and imports accounted up to €2.53B, resulting in a positive trade balance of €2.01B. Between July 2023 and July 2024 the exports of Italy's   Pharmaceutical products have increased by €935M (25.9%) from €3.61B to €4.54B, while imports increased by €271M (12%) from €2.26B to €2.53B.

Destinations In July 2024, Pharmaceutical products were exported mostly to Switzerland (€762M), United States (€753M), Belgium (€669M), Netherlands (€490M), and Germany (€395M), and were imported mostly from Belgium (€526M), Germany (€490M), Netherlands (€287M), Switzerland (€271M), and France (€172M).

Growth In July 2024, the increase in Pharmaceutical products's year-by-year exports was explained primarily by an increase in exports to China (€1.37B or 3.63k%), Switzerland (€161M or 83.7%), and Chinese Taipei (€129M or 858%). In July 2024, the increase in Pharmaceutical products's year-by-year imports was explained primarily by an increase in imports from Germany (€696M or 170%), Sweden (€25.2M or 58.9%), and Denmark (€20.6M or 69.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€935M(25.9%)
IMPORT GROWTH (July 2023 - July 2024)€271M(12%)
MAIN DESTINATION (July 2024)Switzerland€762M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$47.6B
IMPORTS (2022)$34.1B
NET TRADE (2022)$13.5B

In 2022, Italy exported $47.6B in Pharmaceutical products. The main destinations of Italy exports on Pharmaceutical products were Belgium ($10.3B), United States ($7.26B), Switzerland ($4.55B), Germany ($4.12B), and Netherlands ($3.31B).

In 2022, Italy imported $34.1B in Pharmaceutical products, mainly from Germany ($11.1B), Belgium ($5.15B), Switzerland ($2.97B), France ($2.84B), and Netherlands ($2.43B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Belgium$2.87B (38.4%)
United States$1.98B (37.6%)
Switzerland$1.08B (31.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Italy WERE (2021 - 2022):
Germany-$384M (-8.53%)
France-$255M (-10.4%)
Saudi Arabia-$103M (-51.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Pharmaceutical products were:
Germany $125B
Switzerland $93.8B
United States $90B
In 2022, Italy's main importing competitors in Pharmaceutical products were:
United States $168B
Germany $71.1B
Switzerland $48.5B

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.81B
TOP IMPORT POTENTIALSwitzerland+ $1.67B

Pharmaceutical products’s highest export potential is United States. With an export gap of $1.81B.   Pharmaceutical products’s highest import potential is Switzerland with an import gap of $1.67B.

See methodology.

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