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2022
Exports $215MWorld Rnk 15 / 157
Flag Rnk 286 / 1213
2022
Destination $9.8M Italy
2021 - 2022
FASTEST GROWING MARKET $9.8MGermany
2022
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.61Rnk 312 / 1025
2022
Imports $199MWorld Rnk 16 / 215
Flag Rnk 357 / 1214
2022
Origin $19.6M United States
2021 - 2022
FASTEST GROWING ORIGIN $19.6MCanada
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $215M in Unpackaged Medicaments, making it the 15th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 286th most exported product in Belgium. The main destination of Unpackaged Medicaments exports from Belgium are: Italy ($66.9M), Ireland ($25.9M), Germany ($23M), United States ($19.4M), and Netherlands ($14.9M).

The fastest growing export markets for Unpackaged Medicaments of Belgium between 2021 and 2022 were Germany ($9.8M), Spain ($6.12M), and Lithuania ($5.5M).

Imports In 2022, Belgium imported $199M in Unpackaged Medicaments, becoming the 16th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 357th most imported product in Belgium. Belgium imports Unpackaged Medicaments primarily from: United States ($35.2M), Japan ($30.4M), Netherlands ($25.5M), Canada ($24.8M), and Ireland ($20.2M).

The fastest growing import markets in Unpackaged Medicaments for Belgium between 2021 and 2022 were Canada ($19.6M), Germany ($10.2M), and France ($6.3M).

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Unpackaged Medicaments exports accounted up to €75.9M and imports accounted up to €84.8M, resulting in a negative trade balance of €8.9M. Between July 2023 and July 2024 the exports of Belgium's   Unpackaged Medicaments have decreased by €-3.97M (-4.96%) from €79.9M to €75.9M, while imports decreased by €-38.8M (-31.4%) from €124M to €84.8M.

Destinations In July 2024, Unpackaged Medicaments were exported mostly to Germany (€52.8M), Japan (€15.3M), Italy (€3.03M), Czechia (€1.15M), and Saudi Arabia (€1.12M), and were imported mostly from Ireland (€38.7M), United States (€37M), India (€5.02M), Netherlands (€1.89M), and Japan (€796k).

Growth In July 2024, the decrease in Unpackaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Ireland (€-9.3M or -93.8%), Italy (€-6.62M or -76.6%), and Switzerland (€-906k or -100%). In July 2024, the decrease in Unpackaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Japan (€-4.92M or -71.4%), United States (€-126k or -45.3%), and India (€-51.9k or -100%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-3.97M(-4.96%)
IMPORT GROWTH (July 2023 - July 2024)€-38.8M(-31.4%)
MAIN DESTINATION (July 2024)Germany€52.8M

This section shows Unpackaged Medicaments's exports and imports data at subnational level for Belgium. 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 Unpackaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$215M
IMPORTS (2022)$199M
NET TRADE (2022)$16.5M

In 2022, Belgium exported $215M in Unpackaged Medicaments. The main destinations of Belgium exports on Unpackaged Medicaments were Italy ($66.9M), Ireland ($25.9M), Germany ($23M), United States ($19.4M), and Netherlands ($14.9M).

In 2022, Belgium imported $199M in Unpackaged Medicaments, mainly from United States ($35.2M), Japan ($30.4M), Netherlands ($25.5M), Canada ($24.8M), and Ireland ($20.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$9.8M (74.2%)
Spain$6.12M (116%)
Lithuania$5.5M (28.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Belgium WERE (2021 - 2022):
Ireland-$43M (-62.4%)
United States-$8.51M (-30.5%)
Canada-$7.88M (-89.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Unpackaged Medicaments were:
United States $1.31B
Israel $1.25B
China $1.05B
In 2022, Belgium's main importing competitors in Unpackaged Medicaments were:
United States $1.37B
United Kingdom $1.35B
Germany $971M

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $15.8M
TOP IMPORT POTENTIALGermany+ $10.7M

Unpackaged Medicaments’s highest export potential is Germany. With an export gap of $15.8M.   Unpackaged Medicaments’s highest import potential is Germany with an import gap of $10.7M.

See methodology.

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