2022
Exports
$8.13BWorld Rnk 16 / 217
Flag Rnk 6 / 1198
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$1.63BWorld Rnk 40 / 224
Flag Rnk 34 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $8.13B in Packaged Medicaments, making it the 16th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 6th most exported product in Singapore. The main destination of Packaged Medicaments exports from Singapore are: Switzerland ($2.75B), United States ($1.22B), Japan ($756M), China ($677M), and Netherlands ($297M).

The fastest growing export markets for Packaged Medicaments of Singapore between 2021 and 2022 were Poland ($36.4M), Malaysia ($35.3M), and Hong Kong ($23.3M).

Imports In 2022, Singapore imported $1.63B in Packaged Medicaments, becoming the 40th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 34th most imported product in Singapore. Singapore imports Packaged Medicaments primarily from: United States ($283M), Germany ($159M), Switzerland ($145M), Ireland ($142M), and United Kingdom ($111M).

The fastest growing import markets in Packaged Medicaments for Singapore between 2021 and 2022 were United States ($125M), Ireland ($68M), and Malaysia ($36.3M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (1) and Conair (1) were at the forefront of shipping Packaged Medicaments from Singapore to the United States.

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)$8.13B
IMPORTS (2022)$1.63B
NET TRADE (2022)$6.5B

In 2022, Singapore exported $8.13B in Packaged Medicaments. The main destinations of Singapore exports on Packaged Medicaments were Switzerland ($2.75B), United States ($1.22B), Japan ($756M), China ($677M), and Netherlands ($297M).

In 2022, Singapore imported $1.63B in Packaged Medicaments, mainly from United States ($283M), Germany ($159M), Switzerland ($145M), Ireland ($142M), and United Kingdom ($111M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
Poland$36.4M (7.8k%)
Malaysia$35.3M (48.3%)
Hong Kong$23.3M (14%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Singapore WERE (2021 - 2022):
United States-$979M (-44.4%)
Switzerland-$689M (-20%)
Japan-$215M (-22.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Packaged Medicaments were:
In 2022, Singapore'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+ $353M
TOP IMPORT POTENTIALIndia+ $77.2M

Packaged Medicaments’s highest export potential is United States. With an export gap of $353M.   Packaged Medicaments’s highest import potential is India with an import gap of $77.2M.

See methodology.

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