2022
Exports
$47.6BWorld Rnk 6 / 223
Flag Rnk 2 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$34.1BWorld Rnk 8 / 226
Flag Rnk 5 / 96
2022
ECONOMIC COMPLEXITY of Italy
1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $47.6B in Pharmaceutical products, making it the 6th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 2nd most exported product in Italy. The main destination of Pharmaceutical products exports from Italy are: Belgium ($10.3B), United States ($7.26B), Switzerland ($4.55B), Germany ($4.12B), and Netherlands ($3.31B).

The fastest growing export markets for Pharmaceutical products of Italy between 2021 and 2022 were Belgium ($2.87B), United States ($1.98B), and Switzerland ($1.08B).

Imports In 2022, Italy imported $34.1B in Pharmaceutical products, becoming the 8th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 5th most imported product in Italy. Italy imports Pharmaceutical products primarily from: Germany ($11.1B), Belgium ($5.15B), Switzerland ($2.97B), France ($2.84B), and Netherlands ($2.43B).

The fastest growing import markets in Pharmaceutical products for Italy between 2021 and 2022 were Germany ($4.07B), Belgium ($536M), and South Korea ($238M).

COMPANIES In 2023, leading companies such as BAXTER HEALTHCARE CORPORATION (180) and STIHL INCORPORATED (20) were at the forefront of shipping Pharmaceutical products from Italy to the United States.

Latest Trends

Mar 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 Pharmaceutical products. 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)$47.6B
IMPORTS (2022)$34.1B
NET TRADE (2022)$13.5B

In 2022, Italy exported $47.6B in Pharmaceutical products. The main destinations of Italy exports on Pharmaceutical products were Belgium ($10.3B), United States ($7.26B), Switzerland ($4.55B), Germany ($4.12B), and Netherlands ($3.31B).

In 2022, Italy imported $34.1B in Pharmaceutical products, mainly from Germany ($11.1B), Belgium ($5.15B), Switzerland ($2.97B), France ($2.84B), and Netherlands ($2.43B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Italy WERE (2021 - 2022):
Belgium$2.87B (38.4%)
United States$1.98B (37.6%)
Switzerland$1.08B (31.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Italy WERE (2021 - 2022):
Germany-$384M (-8.53%)
France-$255M (-10.4%)
Saudi Arabia-$103M (-51.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Italy's main exporting competitors in Pharmaceutical products were:
In 2022, Italy's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

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