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2023
ExportsfalseWorld Rnk 19 / 214
Flag Rnk 111 / 1215
2022 - 2023
FASTEST GROWING MARKET $177MSouth Korea
2023
PRODUCT COMPLEXITY IN Packaged Medicaments0.63Rnk 313 / 1025
2023
Origin $2.41B Italy
2022 - 2023
FASTEST GROWING ORIGIN $2.41BItaly
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $5.54B in Packaged Medicaments, making it the 19th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 111th most exported product in China. The main destination of Packaged Medicaments exports from China are: United States ($1.13B), France ($470M), Denmark ($465M), Hong Kong ($299M), and South Korea ($231M).

The fastest growing export markets for Packaged Medicaments of China between 2022 and 2023 were South Korea ($177M), Hong Kong ($32.4M), and Macau ($30.3M).

The fastest growing import markets in Packaged Medicaments for China between 2022 and 2023 were Italy ($2.41B), United States ($805M), and Spain ($449M).

COMPANIES In 2024, leading companies such as Conair (3) and Baxter Healthcare (2) were at the forefront of shipping Packaged Medicaments from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Packaged Medicaments exports accounted up to $534M and imports accounted up to $2.12B, resulting in a negative trade balance of $1.59B. Between December 2023 and December 2024 the exports of China's   Packaged Medicaments have increased by $10.6M (2.03%) from $523M to $534M, while imports increased by $240M (12.7%) from $1.88B to $2.12B.

Destinations In December 2024, Packaged Medicaments were exported mostly to United States ($147M), Hong Kong ($29.8M), Germany ($25.3M), Australia ($23.2M), and United Kingdom ($15.5M), and were imported mostly from Germany ($411M), Italy ($318M), United States ($194M), Japan ($167M), and France ($144M).

Growth In December 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Belgium ($17.8M or 9.58k%), United States ($17.3M or 24.3%), and France ($16.2M or 36.6%). In December 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Ireland ($63.6M or 183%), United Kingdom ($58.4M or 199%), and Puerto Rico ($53.7M or 150%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$10.6M(2.03%)
IMPORT GROWTH (December 2023 - December 2024)$240M(12.7%)
MAIN EXPORTER (December 2024)Tianjin$161M
MAIN DESTINATION (December 2024)United States$147M

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 (2023)$5.54B

In 2023, China exported $5.54B in Packaged Medicaments. The main destinations of China exports on Packaged Medicaments were United States ($1.13B), France ($470M), Denmark ($465M), Hong Kong ($299M), and South Korea ($231M).

In N/A, China imported N/A in Packaged Medicaments, mainly from Italy ($3.94B), United States ($3.55B), Germany ($3.07B), France ($1.65B), and Switzerland ($1.64B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR China WERE (2022 - 2023):
South Korea$177M (334%)
Hong Kong$32.4M (12.1%)
Macau$30.3M (293%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY China WERE (2022 - 2023):
United States-$5.9B (-84%)
Denmark-$155M (-25%)
Malaysia-$78.1M (-55.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Packaged Medicaments were:
Germany $66.4B
United States $41B
Switzerland $39.7B
In 2023, China's main importing competitors in Packaged Medicaments were:
United States $82.7B
Switzerland $40B
Germany $30.8B

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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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