2022
Exports
$366MWorld Rnk 52 / 217
Flag Rnk 35 / 1100
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$3.08BWorld Rnk 27 / 224
Flag Rnk 5 / 1197
2022
ECONOMIC COMPLEXITY of Saudi Arabia
0.78Rnk 35 / 133

About

Exports In 2022, Saudi Arabia exported $366M in Packaged Medicaments, making it the 52nd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 35th most exported product in Saudi Arabia. The main destination of Packaged Medicaments exports from Saudi Arabia are: United Arab Emirates ($122M), Kuwait ($107M), Egypt ($43.8M), Oman ($32.4M), and Bahrain ($25.7M).

The fastest growing export markets for Packaged Medicaments of Saudi Arabia between 2021 and 2022 were Kuwait ($75.7M), United Arab Emirates ($24.5M), and Egypt ($8.32M).

Imports In 2022, Saudi Arabia imported $3.08B in Packaged Medicaments, becoming the 27th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Saudi Arabia. Saudi Arabia imports Packaged Medicaments primarily from: Germany ($463M), Switzerland ($348M), United Kingdom ($304M), Sweden ($279M), and France ($250M).

The fastest growing import markets in Packaged Medicaments for Saudi Arabia between 2021 and 2022 were Netherlands ($127M), Germany ($69.3M), and United Arab Emirates ($62M).

Latest Trends

Aug 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)$366M
IMPORTS (2022)$3.08B
NET TRADE (2022)-$2.71B

In 2022, Saudi Arabia exported $366M in Packaged Medicaments. The main destinations of Saudi Arabia exports on Packaged Medicaments were United Arab Emirates ($122M), Kuwait ($107M), Egypt ($43.8M), Oman ($32.4M), and Bahrain ($25.7M).

In 2022, Saudi Arabia imported $3.08B in Packaged Medicaments, mainly from Germany ($463M), Switzerland ($348M), United Kingdom ($304M), Sweden ($279M), and France ($250M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Saudi Arabia WERE (2021 - 2022):
Kuwait$75.7M (243%)
United Arab Emirates$24.5M (25.1%)
Egypt$8.32M (23.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Saudi Arabia WERE (2021 - 2022):
Iraq-$45.1M (-100%)
Sudan-$25.5M (-100%)
Algeria-$7.53M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Saudi Arabia's main exporting competitors in Packaged Medicaments were:
In 2022, Saudi Arabia'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 Arab Emirates+ $12.7M
TOP IMPORT POTENTIALGermany+ $181M

Packaged Medicaments’s highest export potential is United Arab Emirates. With an export gap of $12.7M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $181M.

See methodology.

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