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2022
Exports $5.6BWorld Rnk 19 / 217
Flag Rnk 125 / 1216
2022
Destination $202M United States
2021 - 2022
FASTEST GROWING MARKET $202MFrance
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $18.8BWorld Rnk 6 / 224
Flag Rnk 20 / 1212
2022
Origin $381M Germany
2021 - 2022
FASTEST GROWING ORIGIN $381MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $5.6B in Packaged Medicaments, making it the 19th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 125th most exported product in China. The main destination of Packaged Medicaments exports from China are: United States ($1B), Denmark ($621M), France ($491M), Hong Kong ($290M), and United Kingdom ($213M).

The fastest growing export markets for Packaged Medicaments of China between 2021 and 2022 were France ($202M), Malaysia ($86.5M), and Netherlands ($76.4M).

Imports In 2022, China imported $18.8B in Packaged Medicaments, becoming the 6th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 20th most imported product in China. China imports Packaged Medicaments primarily from: Germany ($2.88B), United States ($2.81B), Switzerland ($2.08B), United Kingdom ($1.36B), and Italy ($1.36B).

The fastest growing import markets in Packaged Medicaments for China between 2021 and 2022 were United States ($381M), Italy ($341M), and Spain ($304M).

COMPANIES In 2023, leading companies such as Conair (4), Walmart (3), and Walgreens (1) were at the forefront of shipping Packaged Medicaments from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Packaged Medicaments exports accounted up to $441M and imports accounted up to $1.91B, resulting in a negative trade balance of $1.47B. Between September 2023 and September 2024 the exports of China's   Packaged Medicaments have decreased by $-111M (-20.1%) from $551M to $441M, while imports increased by $184M (10.7%) from $1.72B to $1.91B.

Destinations In September 2024, Packaged Medicaments were exported mostly to United States ($86.2M), France ($27.6M), Denmark ($20.3M), Hong Kong ($18.5M), and Nigeria ($15.1M), and were imported mostly from Germany ($408M), Italy ($214M), France ($207M), Japan ($188M), and United States ($126M).

Growth In September 2024, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Denmark ($-99.3M or -76.1%), Brazil ($-24M or -84.7%), and Hong Kong ($-14.4M or -37.9%). In September 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Germany ($570M or 132%), Canada ($216M or 702%), and China ($121M or 95.7k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-111M(-20.1%)
IMPORT GROWTH (September 2023 - September 2024)$184M(10.7%)
MAIN EXPORTER (September 2024)Tianjin$161M
MAIN DESTINATION (September 2024)United States$86.2M

This section shows Packaged Medicaments's exports and imports data at subnational level for China. 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 Packaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.6B
IMPORTS (2022)$18.8B
NET TRADE (2022)-$13.2B

In 2022, China exported $5.6B in Packaged Medicaments. The main destinations of China exports on Packaged Medicaments were United States ($1B), Denmark ($621M), France ($491M), Hong Kong ($290M), and United Kingdom ($213M).

In 2022, China imported $18.8B in Packaged Medicaments, mainly from Germany ($2.88B), United States ($2.81B), Switzerland ($2.08B), United Kingdom ($1.36B), and Italy ($1.36B).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR China WERE (2021 - 2022):
France$202M (69.7%)
Malaysia$86.5M (164%)
Netherlands$76.4M (202%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY China WERE (2021 - 2022):
Denmark-$138M (-18.2%)
South Korea-$40.2M (-22.5%)
Thailand-$23.2M (-26.3%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, China's main importing competitors in Packaged Medicaments were:
United States $91.3B
Switzerland $32.9B
Germany $32B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $696M
TOP IMPORT POTENTIALGermany+ $1B

Packaged Medicaments’s highest export potential is United States. With an export gap of $696M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $1B.

See methodology.

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