2022
Exports
$69MWorld Rnk 26 / 157
Flag Rnk 204 / 1208
2022
PRODUCT COMPLEXITY IN Unpackaged Medicaments
0.61Rnk 312 / 1025
2022
Imports
$50.8MWorld Rnk 40 / 215
Flag Rnk 486 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $69M in Unpackaged Medicaments, making it the 26th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 204th most exported product in Australia. The main destination of Unpackaged Medicaments exports from Australia are: New Zealand ($19.2M), Denmark ($13.4M), Hungary ($11.1M), Hong Kong ($3.14M), and United States ($2.77M).

The fastest growing export markets for Unpackaged Medicaments of Australia between 2021 and 2022 were New Zealand ($12.5M), Denmark ($7.13M), and Hungary ($3.5M).

Imports In 2022, Australia imported $50.8M in Unpackaged Medicaments, becoming the 40th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 486th most imported product in Australia. Australia imports Unpackaged Medicaments primarily from: Ireland ($8.95M), Switzerland ($7.93M), China ($7.43M), New Zealand ($6.32M), and India ($5.61M).

The fastest growing import markets in Unpackaged Medicaments for Australia between 2021 and 2022 were Switzerland ($2.74M), Italy ($2.67M), and New Zealand ($2.04M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Unpackaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$69M
IMPORTS (2022)$50.8M
NET TRADE (2022)$18.2M

In 2022, Australia exported $69M in Unpackaged Medicaments. The main destinations of Australia exports on Unpackaged Medicaments were New Zealand ($19.2M), Denmark ($13.4M), Hungary ($11.1M), Hong Kong ($3.14M), and United States ($2.77M).

In 2022, Australia imported $50.8M in Unpackaged Medicaments, mainly from Ireland ($8.95M), Switzerland ($7.93M), China ($7.43M), New Zealand ($6.32M), and India ($5.61M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Australia WERE (2021 - 2022):
New Zealand$12.5M (187%)
Denmark$7.13M (114%)
Hungary$3.5M (46.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Australia WERE (2021 - 2022):
Fiji-$3.15M (-66%)
United States-$2.21M (-44.4%)
Ireland-$2.04M (-81.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Unpackaged Medicaments were:
In 2022, Australia's main importing competitors in Unpackaged Medicaments were:

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.47M
TOP IMPORT POTENTIALIndia+ $3.15M

Unpackaged Medicaments’s highest export potential is United States. With an export gap of $2.47M.   Unpackaged Medicaments’s highest import potential is India with an import gap of $3.15M.

See methodology.

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