2023
Exports
$8.06BWorld Rnk 17 / 214
Flag Rnk 2 / 1211
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$4.42BWorld Rnk 22 / 226
Flag Rnk 6 / 1213
2023
ECONOMIC COMPLEXITY of Austria
1.56Rnk 8 / 132

About

Exports In 2023, Austria exported $8.06B in Packaged Medicaments, making it the 17th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most exported product in Austria. The main destination of Packaged Medicaments exports from Austria are: Switzerland ($2.91B), United States ($903M), Germany ($501M), Russia ($447M), and Romania ($213M).

The fastest growing export markets for Packaged Medicaments of Austria between 2022 and 2023 were Netherlands ($43.4M), Romania ($40.2M), and United Kingdom ($35.1M).

Imports In 2023, Austria imported $4.42B in Packaged Medicaments, becoming the 22nd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 6th most imported product in Austria. Austria imports Packaged Medicaments primarily from: Germany ($1.57B), Switzerland ($394M), Netherlands ($343M), Italy ($276M), and United States ($260M).

The fastest growing import markets in Packaged Medicaments for Austria between 2022 and 2023 were United States ($242M), Germany ($149M), and Switzerland ($68.5M).

Latest Trends

Dec 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 Packaged 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 (2023)$8.06B
IMPORTS (2023)$4.42B
NET TRADE (2023)$3.64B

In 2023, Austria exported $8.06B in Packaged Medicaments. The main destinations of Austria exports on Packaged Medicaments were Switzerland ($2.91B), United States ($903M), Germany ($501M), Russia ($447M), and Romania ($213M).

In 2023, Austria imported $4.42B in Packaged Medicaments, mainly from Germany ($1.57B), Switzerland ($394M), Netherlands ($343M), Italy ($276M), and United States ($260M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Austria WERE (2022 - 2023):
Netherlands$43.4M (32.1%)
Romania$40.2M (23.2%)
United Kingdom$35.1M (26.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Austria WERE (2022 - 2023):
United States-$294M (-24.6%)
Switzerland-$201M (-6.46%)
Israel-$95.1M (-78%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Austria' main exporting competitors in Packaged Medicaments were:
In 2023, Austria' main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $487M
TOP IMPORT POTENTIALGermany+ $467M

Packaged Medicaments’s highest export potential is Germany. With an export gap of $487M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $467M.

See methodology.

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