2022
Exports
$913MWorld Rnk 34 / 217
Flag Rnk 16 / 1205
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$1.54BWorld Rnk 41 / 224
Flag Rnk 7 / 1211
2022
ECONOMIC COMPLEXITY of Finland
1.41Rnk 13 / 133

About

Exports In 2022, Finland exported $913M in Packaged Medicaments, making it the 34th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 16th most exported product in Finland. The main destination of Packaged Medicaments exports from Finland are: United States ($258M), Canada ($74.1M), Germany ($73.4M), China ($65M), and Netherlands ($38.3M).

The fastest growing export markets for Packaged Medicaments of Finland between 2021 and 2022 were United States ($79.3M), China ($25M), and Germany ($16.8M).

Imports In 2022, Finland imported $1.54B in Packaged Medicaments, becoming the 41st largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most imported product in Finland. Finland imports Packaged Medicaments primarily from: Germany ($317M), Denmark ($160M), Sweden ($139M), Netherlands ($119M), and Ireland ($114M).

The fastest growing import markets in Packaged Medicaments for Finland between 2021 and 2022 were Netherlands ($23M), India ($19.5M), and Italy ($18.9M).

Latest Trends

Sep 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 (2022)$913M
IMPORTS (2022)$1.54B
NET TRADE (2022)-$622M

In 2022, Finland exported $913M in Packaged Medicaments. The main destinations of Finland exports on Packaged Medicaments were United States ($258M), Canada ($74.1M), Germany ($73.4M), China ($65M), and Netherlands ($38.3M).

In 2022, Finland imported $1.54B in Packaged Medicaments, mainly from Germany ($317M), Denmark ($160M), Sweden ($139M), Netherlands ($119M), and Ireland ($114M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Finland WERE (2021 - 2022):
United States$79.3M (44.4%)
China$25M (62.6%)
Germany$16.8M (29.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Finland WERE (2021 - 2022):
Russia-$41.4M (-78.9%)
Canada-$31.5M (-29.8%)
Belgium-$24.7M (-48.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Finland's main exporting competitors in Packaged Medicaments were:
In 2022, Finland'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 POTENTIALUnited States+ $132M
TOP IMPORT POTENTIALGermany+ $79.1M

Packaged Medicaments’s highest export potential is United States. With an export gap of $132M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $79.1M.

See methodology.

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