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2022
Exports $38.2BWorld Rnk 3 / 217
Flag Rnk 8 / 1217
2022
Destination $2.24B United Kingdom
2021 - 2022
FASTEST GROWING MARKET $2.24BUnited Kingdom
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $91.3BWorld Rnk 1 / 224
Flag Rnk 5 / 1216
2022
Origin $4.19B Germany
2021 - 2022
FASTEST GROWING ORIGIN $4.19BGermany
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $38.2B in Packaged Medicaments, making it the 3rd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most exported product in United States. The main destination of Packaged Medicaments exports from United States are: United Kingdom ($4.93B), Japan ($4.22B), Spain ($4.21B), Canada ($3.04B), and Netherlands ($2.94B).

The fastest growing export markets for Packaged Medicaments of United States between 2021 and 2022 were United Kingdom ($2.24B), Spain ($1.63B), and Japan ($1.07B).

Imports In 2022, United States imported $91.3B in Packaged Medicaments, becoming the 1st largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in United States. United States imports Packaged Medicaments primarily from: Germany ($16B), Switzerland ($13.7B), Ireland ($12.9B), India ($7.54B), and Denmark ($6.29B).

The fastest growing import markets in Packaged Medicaments for United States between 2021 and 2022 were Germany ($4.19B), Italy ($1.19B), and United Kingdom ($719M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (372), L'Oreal (51), and Conair (5) were at the forefront of shipping Packaged Medicaments to the United States.

Latest Trends

September 2024

About

Overview In September 2024 United States' Packaged Medicaments exports accounted up to $2.83B and imports accounted up to $7.24B, resulting in a negative trade balance of $4.41B. Between September 2023 and September 2024 the exports of United States'   Packaged Medicaments have increased by $310M (12.3%) from $2.52B to $2.83B, while imports increased by $249M (3.56%) from $6.99B to $7.24B.

Destinations In September 2024, Packaged Medicaments were exported mostly to United Kingdom ($371M), Japan ($358M), Canada ($308M), Spain ($264M), and Netherlands ($221M), and were imported mostly from Ireland ($1.15B), India ($829M), Switzerland ($719M), China ($626M), and Slovenia ($537M).

Growth In September 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to China ($373M or 538%), Japan ($196M or 93.3%), and Australia ($80.9M or 293%). In September 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Switzerland ($769M or 96.6%), Denmark ($385M or 102%), and India ($345M or 37.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$310M(12.3%)
IMPORT GROWTH (September 2023 - September 2024)$249M(3.56%)
MAIN EXPORTER (September 2024)Puerto Rico$1.08B
MAIN DESTINATION (September 2024)United Kingdom$371M

This section shows Packaged Medicaments's exports and imports data at subnational level for United States. 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)$38.2B
IMPORTS (2022)$91.3B
NET TRADE (2022)-$53B

In 2022, United States exported $38.2B in Packaged Medicaments. The main destinations of United States exports on Packaged Medicaments were United Kingdom ($4.93B), Japan ($4.22B), Spain ($4.21B), Canada ($3.04B), and Netherlands ($2.94B).

In 2022, United States imported $91.3B in Packaged Medicaments, mainly from Germany ($16B), Switzerland ($13.7B), Ireland ($12.9B), India ($7.54B), and Denmark ($6.29B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR United States WERE (2021 - 2022):
United Kingdom$2.24B (83.5%)
Spain$1.63B (63.3%)
Japan$1.07B (33.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY United States WERE (2021 - 2022):
Canada-$681M (-18.3%)
Belgium-$192M (-8.77%)
Germany-$148M (-5.98%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
In 2022, United States's main importing competitors in Packaged Medicaments were:
Switzerland $32.9B
Germany $32B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $1.05B
TOP IMPORT POTENTIALCanada+ $2.54B

Packaged Medicaments’s highest export potential is Canada. With an export gap of $1.05B.   Packaged Medicaments’s highest import potential is Canada with an import gap of $2.54B.

See methodology.

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