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2022
Exports $122MWorld Rnk 23 / 157
Flag Rnk 363 / 1210
2022
Destination $19.6M United States
2021 - 2022
FASTEST GROWING MARKET $19.6MBelgium
2022
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.61Rnk 312 / 1025
2022
Imports $446MWorld Rnk 6 / 215
Flag Rnk 247 / 1213
2022
Origin $331M Portugal
2021 - 2022
FASTEST GROWING ORIGIN $331MPortugal
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $122M in Unpackaged Medicaments, making it the 23rd largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 363rd most exported product in Canada. The main destination of Unpackaged Medicaments exports from Canada are: United States ($35.8M), Belgium ($24.8M), India ($10.8M), Netherlands ($9.46M), and Brazil ($7.41M).

The fastest growing export markets for Unpackaged Medicaments of Canada between 2021 and 2022 were Belgium ($19.6M), United States ($12M), and Brazil ($6.18M).

Imports In 2022, Canada imported $446M in Unpackaged Medicaments, becoming the 6th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 247th most imported product in Canada. Canada imports Unpackaged Medicaments primarily from: Portugal ($343M), United States ($39.4M), United Kingdom ($18.9M), China ($16.1M), and India ($9.24M).

The fastest growing import markets in Unpackaged Medicaments for Canada between 2021 and 2022 were Portugal ($331M), United Kingdom ($13.7M), and Italy ($1.78M).

Latest Trends

July 2024

About

Overview In July 2024 Canada's Unpackaged Medicaments exports accounted up to C$15.9M and imports accounted up to C$508M, resulting in a negative trade balance of C$492M. Between July 2023 and July 2024 the exports of Canada's   Unpackaged Medicaments have increased by C$2.62M (19.7%) from C$13.3M to C$15.9M, while imports increased by C$501M (7.14k%) from C$7.01M to C$508M.

Destinations In July 2024, Unpackaged Medicaments were exported mostly to Ireland (C$8.83M), United States (C$2.75M), India (C$1.09M), Israel (C$791k), and Turkey (C$536k), and were imported mostly from Portugal (C$494M), United States (C$3.92M), China (C$3.65M), France (C$2.66M), and Spain (C$1.39M).

Growth In July 2024, the increase in Unpackaged Medicaments's year-by-year exports was explained primarily by an increase in exports to United States (C$2.48M or 285%), Turkey (C$60.1k or 11.8%), and Tunisia (C$12.5k or 21.4%). In July 2024, the increase in Unpackaged Medicaments's year-by-year imports was explained primarily by an increase in imports from India (C$498k or 323%), Slovakia (C$180k or 390%), and Sweden (C$149k or 358%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)C$2.62M(19.7%)
IMPORT GROWTH (July 2023 - July 2024)C$501M(7.14k%)
MAIN EXPORTER (July 2024)OntarioC$11.2M
MAIN DESTINATION (July 2024)IrelandC$8.83M

This section shows Unpackaged Medicaments's exports and imports data at subnational level for Canada. 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)$122M
IMPORTS (2022)$446M
NET TRADE (2022)-$324M

In 2022, Canada exported $122M in Unpackaged Medicaments. The main destinations of Canada exports on Unpackaged Medicaments were United States ($35.8M), Belgium ($24.8M), India ($10.8M), Netherlands ($9.46M), and Brazil ($7.41M).

In 2022, Canada imported $446M in Unpackaged Medicaments, mainly from Portugal ($343M), United States ($39.4M), United Kingdom ($18.9M), China ($16.1M), and India ($9.24M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Belgium$19.6M (379%)
United States$12M (50.7%)
Brazil$6.18M (503%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Canada WERE (2021 - 2022):
Chinese Taipei-$8.23M (-98.7%)
Netherlands-$3.42M (-26.6%)
Ireland-$3.4M (-95.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Unpackaged Medicaments were:
United States $1.31B
Israel $1.25B
China $1.05B
In 2022, Canada'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 POTENTIALUnited States+ $26.4M
TOP IMPORT POTENTIALUnited States+ $32.8M

Unpackaged Medicaments’s highest export potential is United States. With an export gap of $26.4M.   Unpackaged Medicaments’s highest import potential is United States with an import gap of $32.8M.

See methodology.

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