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2022
Exports $34.4BWorld Rnk 5 / 217
Flag Rnk 1 / 1217
2022
Destination $2.81B Belgium
2021 - 2022
FASTEST GROWING MARKET $2.81BBelgium
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $20.7BWorld Rnk 5 / 224
Flag Rnk 4 / 1215
2022
Origin $3.93B Germany
2021 - 2022
FASTEST GROWING ORIGIN $3.93BGermany
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $34.4B in Packaged Medicaments, making it the 5th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 1st most exported product in Italy. The main destination of Packaged Medicaments exports from Italy are: Belgium ($8.88B), United States ($4.28B), Switzerland ($4.16B), Germany ($2.89B), and United Kingdom ($2.11B).

The fastest growing export markets for Packaged Medicaments of Italy between 2021 and 2022 were Belgium ($2.81B), United States ($1.19B), and Switzerland ($973M).

Imports In 2022, Italy imported $20.7B in Packaged Medicaments, becoming the 5th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Italy. Italy imports Packaged Medicaments primarily from: Germany ($6.83B), Belgium ($2.9B), France ($2.3B), Switzerland ($1.86B), and Ireland ($1.78B).

The fastest growing import markets in Packaged Medicaments for Italy between 2021 and 2022 were Germany ($3.93B), Belgium ($330M), and United States ($116M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (176) were at the forefront of shipping Packaged Medicaments from Italy to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Italy's Packaged Medicaments exports accounted up to €2.17B and imports accounted up to €1.11B, resulting in a positive trade balance of €1.07B. Between August 2023 and August 2024 the exports of Italy's   Packaged Medicaments have decreased by €-97.8M (-4.31%) from €2.27B to €2.17B, while imports increased by €48.1M (4.55%) from €1.06B to €1.11B.

Destinations In August 2024, Packaged Medicaments were exported mostly to Switzerland (€483M), United States (€400M), Belgium (€352M), Germany (€188M), and France (€145M), and were imported mostly from Belgium (€313M), Germany (€196M), Switzerland (€101M), France (€101M), and Ireland (€97.8M).

Growth In August 2024, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Spain (€-16.7M or -22.7%), United Kingdom (€-10.8M or -15.9%), and Lithuania (€-5.48M or -57.6%). In August 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Germany (€736M or 393%), Japan (€18M or 421%), and Canada (€14.9M or 887%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-97.8M(-4.31%)
IMPORT GROWTH (August 2023 - August 2024)€48.1M(4.55%)
MAIN DESTINATION (August 2024)Switzerland€483M

This section shows Packaged Medicaments's exports and imports data at subnational level for Italy. 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)$34.4B
IMPORTS (2022)$20.7B
NET TRADE (2022)$13.7B

In 2022, Italy exported $34.4B in Packaged Medicaments. The main destinations of Italy exports on Packaged Medicaments were Belgium ($8.88B), United States ($4.28B), Switzerland ($4.16B), Germany ($2.89B), and United Kingdom ($2.11B).

In 2022, Italy imported $20.7B in Packaged Medicaments, mainly from Germany ($6.83B), Belgium ($2.9B), France ($2.3B), Switzerland ($1.86B), and Ireland ($1.78B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Belgium$2.81B (46.2%)
United States$1.19B (38.7%)
Switzerland$973M (30.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Italy WERE (2021 - 2022):
France-$291M (-13.3%)
Saudi Arabia-$118M (-66%)
Netherlands-$78.1M (-10.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, Italy'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+ $1.28B
TOP IMPORT POTENTIALSwitzerland+ $1.04B

Packaged Medicaments’s highest export potential is United States. With an export gap of $1.28B.   Packaged Medicaments’s highest import potential is Switzerland with an import gap of $1.04B.

See methodology.

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