2023
Exports
$39.7BWorld Rnk 3 / 214
Flag Rnk 2 / 1211
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$40BWorld Rnk 2 / 226
Flag Rnk 2 / 1212
2023
ECONOMIC COMPLEXITY of Switzerland
1.96Rnk 3 / 132

About

Exports In 2023, Switzerland exported $39.7B in Packaged Medicaments, making it the 3rd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most exported product in Switzerland. The main destination of Packaged Medicaments exports from Switzerland are: United States ($10.5B), Slovenia ($5.7B), Germany ($3.24B), Italy ($2.67B), and China ($1.64B).

The fastest growing export markets for Packaged Medicaments of Switzerland between 2022 and 2023 were Italy ($1.28B), South Korea ($114M), and Poland ($82.2M).

Imports In 2023, Switzerland imported $40B in Packaged Medicaments, becoming the 2nd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most imported product in Switzerland. Switzerland imports Packaged Medicaments primarily from: Slovenia ($12.5B), Italy ($6.74B), Germany ($6.36B), Spain ($5.47B), and Austria ($2.91B).

The fastest growing import markets in Packaged Medicaments for Switzerland between 2022 and 2023 were Slovenia ($6.03B), Italy ($2.56B), and Spain ($290M).

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)$39.7B
IMPORTS (2023)$40B
NET TRADE (2023)-$230M

In 2023, Switzerland exported $39.7B in Packaged Medicaments. The main destinations of Switzerland exports on Packaged Medicaments were United States ($10.5B), Slovenia ($5.7B), Germany ($3.24B), Italy ($2.67B), and China ($1.64B).

In 2023, Switzerland imported $40B in Packaged Medicaments, mainly from Slovenia ($12.5B), Italy ($6.74B), Germany ($6.36B), Spain ($5.47B), and Austria ($2.91B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Switzerland WERE (2022 - 2023):
Italy$1.28B (92.3%)
South Korea$114M (45.5%)
Poland$82.2M (31%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Switzerland WERE (2022 - 2023):
United States-$2.72B (-20.6%)
Germany-$777M (-19.4%)
Slovenia-$408M (-6.69%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Switzerland's main exporting competitors in Packaged Medicaments were:
In 2023, Switzerland's 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+ $1.74B
TOP IMPORT POTENTIALGermany+ $1.4B

Packaged Medicaments’s highest export potential is Germany. With an export gap of $1.74B.   Packaged Medicaments’s highest import potential is Germany with an import gap of $1.4B.

See methodology.

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