Unpackaged Medicaments in Belgium 2021 Exports | Imports : $252M | $189M, World Rnk 14 / 159 Rnk 247 / 1214 | World Rnk 15 / 217 Rnk 371 / 1212
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $17.8M | $18.4M, United States | United States
2021 ECONOMIC COMPLEXITY of Belgium: 1.28, Rnk 18 / 131
2021 PRODUCT COMPLEXITY IN Unpackaged Medicaments: 0.53, Rnk 361 / 1024
Exports In 2021, Belgium exported $252M in Unpackaged Medicaments, making it the 14th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 247th most exported product in Belgium. The main destination of Unpackaged Medicaments exports from Belgium are: Ireland ($72.4M), Italy ($62M), United States ($28.2M), Netherlands ($21.1M), and Germany ($13.9M).
The fastest growing export markets for Unpackaged Medicaments of Belgium between 2020 and 2021 were United States ($17.8M), Netherlands ($9.07M), and Canada ($7.06M).
Imports In 2021, Belgium imported $189M in Unpackaged Medicaments, becoming the 15th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 371st most imported product in Belgium. Belgium imports Unpackaged Medicaments primarily from: United States ($44.2M), Japan ($28.1M), Netherlands ($24.9M), Ireland ($23.5M), and Spain ($21.9M).
The fastest growing import markets in Unpackaged Medicaments for Belgium between 2020 and 2021 were United States ($18.4M), Spain ($13.2M), and Luxembourg ($2.2M).
April 2023
Overview In April 2023 Belgium's Unpackaged Medicaments exports accounted up to €88.8M and imports accounted up to €181M, resulting in a negative trade balance of €92.6M. Between April 2022 and April 2023 the exports of Belgium's Unpackaged Medicaments have increased by €79.5M (851%) from €9.34M to €88.8M, while imports increased by €174M (2.51k%) from €6.96M to €181M.
Destinations In April 2023, Unpackaged Medicaments were exported mostly to Germany (€72.6M), Hungary (€9.25M), Italy (€1.85M), Mexico (€922k), and Japan (€834k), and were imported mostly from Singapore (€138M), United States (€18.1M), Ireland (€16.1M), Italy (€3.39M), and Netherlands (€2.29M).
Growth In April 2023, the increase in Unpackaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Italy (€8.63M or 220k%), Switzerland (€895k or 8.16k%), and United States (€630k or 5.07k%). In April 2023, the increase in Unpackaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Ireland (€1.13M or 93.7%), United States (€207k or 289%), and Germany (€176k or 171%).
EXPORT GROWTH (April 2022 - April 2023): €79.5M, (851%)
IMPORT GROWTH (April 2022 - April 2023): €174M, (2.51k%)
MAIN DESTINATION (April 2023): Germany, €72.6M
This section shows Unpackaged Medicaments's exports and imports data at subnational level for Belgium. 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 Unpackaged Medicaments over time.
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EXPORTS (2021): $252M
IMPORTS (2021): $189M
NET TRADE (2021): $63M
In 2021, Belgium exported $252M in Unpackaged Medicaments. The main destinations of Belgium exports on Unpackaged Medicaments were Ireland ($72.4M), Italy ($62M), United States ($28.2M), Netherlands ($21.1M), and Germany ($13.9M).
In 2021, Belgium imported $189M in Unpackaged Medicaments, mainly from United States ($44.2M), Japan ($28.1M), Netherlands ($24.9M), Ireland ($23.5M), and Spain ($21.9M).
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Belgium WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Belgium WERE (2020 - 2021):
In 2021, Belgium's main exporting competitors in Unpackaged Medicaments were:
In 2021, Belgium's main importing competitors in Unpackaged Medicaments were:
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