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2023
Exports $124MWorld Rnk 23 / 168
Flag Rnk 344 / 1212
2023
Destination $16.2M United States
2022 - 2023
FASTEST GROWING MARKET $16.2MIreland
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.55Rnk 344 / 1025
2023
Imports $1.87BWorld Rnk 3 / 220
Flag Rnk 54 / 1211
2023
Origin $839M Portugal
2022 - 2023
FASTEST GROWING ORIGIN $839MPortugal
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $124M in Unpackaged Medicaments, making it the 23rd largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 344th most exported product in Canada. The main destination of Unpackaged Medicaments exports from Canada are: United States ($34.7M), India ($16.7M), Ireland ($16.3M), Belgium ($8.33M), and South Africa ($4.54M).

The fastest growing export markets for Unpackaged Medicaments of Canada between 2022 and 2023 were Ireland ($16.2M), United States ($7.46M), and India ($3.2M).

Imports In 2023, Canada imported $1.87B in Unpackaged Medicaments, becoming the 3rd largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 54th most imported product in Canada. Canada imports Unpackaged Medicaments primarily from: Portugal ($1.75B), United States ($37.7M), India ($13.3M), Ireland ($11.9M), and United Kingdom ($11.7M).

The fastest growing import markets in Unpackaged Medicaments for Canada between 2022 and 2023 were Portugal ($839M), Ireland ($8.97M), and Denmark ($7.14M).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Unpackaged Medicaments exports accounted up to C$27.8M and imports accounted up to C$5.36M, resulting in a positive trade balance of C$22.4M. Between November 2023 and November 2024 the exports of Canada's   Unpackaged Medicaments have increased by C$15.4M (124%) from C$12.4M to C$27.8M, while imports decreased by C$-186M (-97.2%) from C$192M to C$5.36M.

Destinations In November 2024, Unpackaged Medicaments were exported mostly to Ireland (C$13.3M), United States (C$4.83M), Australia (C$3.02M), India (C$1.46M), and Israel (C$1.44M), and were imported mostly from United States (C$2.44M), India (C$834k), Slovakia (C$743k), Sweden (C$275k), and Cyprus (C$219k).

Growth In November 2024, the increase in Unpackaged Medicaments's year-by-year exports was explained primarily by an increase in exports to United States (C$2.48M or 285%), Turkey (C$60.1k or 11.8%), and Tunisia (C$12.5k or 21.4%). In November 2024, the decrease in Unpackaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from United States (C$-2.21M or -32.8%), South Korea (C$-829k or -100%), and China (C$-372k or -67.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$15.4M(124%)
IMPORT GROWTH (November 2023 - November 2024)C$-186M(-97.2%)
MAIN EXPORTER (November 2024)OntarioC$21.1M
MAIN DESTINATION (November 2024)IrelandC$13.3M

This section shows Unpackaged Medicaments's exports and imports data at subnational level for Canada. 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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Historical Data

Trade Balance

Color
EXPORTS (2023)$124M
IMPORTS (2023)$1.87B
NET TRADE (2023)-$1.75B

In 2023, Canada exported $124M in Unpackaged Medicaments. The main destinations of Canada exports on Unpackaged Medicaments were United States ($34.7M), India ($16.7M), Ireland ($16.3M), Belgium ($8.33M), and South Africa ($4.54M).

In 2023, Canada imported $1.87B in Unpackaged Medicaments, mainly from Portugal ($1.75B), United States ($37.7M), India ($13.3M), Ireland ($11.9M), and United Kingdom ($11.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Ireland$16.2M (11.1k%)
United States$7.46M (27.4%)
India$3.2M (23.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Canada WERE (2022 - 2023):
Turkey-$4M (-84.6%)
South Korea-$3.88M (-46.9%)
United Kingdom-$3.84M (-98.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Unpackaged Medicaments were:
Ireland $3.03B
Portugal $2.97B
United States $2.92B
In 2023, Canada's main importing competitors in Unpackaged Medicaments were:
Belgium $3.73B
United States $2.15B

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.4M
TOP IMPORT POTENTIALUnited States+ $32.8M

Unpackaged Medicaments’s highest export potential is United States. With an export gap of $26.4M.   Unpackaged Medicaments’s highest import potential is United States with an import gap of $32.8M.

See methodology.

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