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2023
Exports $432MWorld Rnk 10 / 168
Flag Rnk 259 / 1216
2023
Destination $15.2M Switzerland
2022 - 2023
FASTEST GROWING MARKET $15.2MAustria
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.55Rnk 344 / 1025
2023
Imports $502MWorld Rnk 7 / 220
Flag Rnk 237 / 1213
2023
Origin $88.5M Austria
2022 - 2023
FASTEST GROWING ORIGIN $88.5MAustria
2023
ECONOMIC COMPLEXITY of Italy1.29Rnk 18 / 132

About

Exports In 2023, Italy exported $432M in Unpackaged Medicaments, making it the 10th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 259th most exported product in Italy. The main destination of Unpackaged Medicaments exports from Italy are: Switzerland ($103M), United States ($48.9M), Austria ($37.8M), Germany ($31.1M), and China ($30.2M).

The fastest growing export markets for Unpackaged Medicaments of Italy between 2022 and 2023 were Austria ($15.2M), Belgium ($12.6M), and Netherlands ($10.6M).

Imports In 2023, Italy imported $502M in Unpackaged Medicaments, becoming the 7th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 237th most imported product in Italy. Italy imports Unpackaged Medicaments primarily from: Austria ($120M), Spain ($71.4M), Netherlands ($70.5M), Japan ($40.1M), and Belgium ($38.1M).

The fastest growing import markets in Unpackaged Medicaments for Italy between 2022 and 2023 were Austria ($88.5M), Netherlands ($51.8M), and Spain ($44.3M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (3) were at the forefront of shipping Unpackaged Medicaments from Italy to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Italy's Unpackaged Medicaments exports accounted up to €80.7M and imports accounted up to €38.5M, resulting in a positive trade balance of €42.3M. Between October 2023 and October 2024 the exports of Italy's   Unpackaged Medicaments have increased by €55.5M (220%) from €25.2M to €80.7M, while imports increased by €2.47M (6.87%) from €36M to €38.5M.

Destinations In October 2024, Unpackaged Medicaments were exported mostly to Netherlands (€34.2M), United States (€7.3M), United Kingdom (€7.03M), France (€6.19M), and Germany (€6.01M), and were imported mostly from Netherlands (€10.6M), Austria (€8.25M), Belgium (€6.83M), Spain (€3.85M), and Japan (€2.82M).

Growth In October 2024, the increase in Unpackaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Germany (€2.2M or 55.9%), United States (€1.28M or 61.7%), and Switzerland (€652k or 187%). In October 2024, the increase in Unpackaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Austria (€14.2M or 12.3k%), Netherlands (€6.46M or 254%), and Ireland (€934k or 2k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€55.5M(220%)
IMPORT GROWTH (October 2023 - October 2024)€2.47M(6.87%)
MAIN DESTINATION (October 2024)Netherlands€34.2M

This section shows Unpackaged Medicaments's exports and imports data at subnational level for Italy. 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 (2023)$432M
IMPORTS (2023)$502M
NET TRADE (2023)-$70.6M

In 2023, Italy exported $432M in Unpackaged Medicaments. The main destinations of Italy exports on Unpackaged Medicaments were Switzerland ($103M), United States ($48.9M), Austria ($37.8M), Germany ($31.1M), and China ($30.2M).

In 2023, Italy imported $502M in Unpackaged Medicaments, mainly from Austria ($120M), Spain ($71.4M), Netherlands ($70.5M), Japan ($40.1M), and Belgium ($38.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Italy WERE (2022 - 2023):
Austria$15.2M (67.4%)
Belgium$12.6M (474%)
Netherlands$10.6M (163%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Italy WERE (2022 - 2023):
Switzerland-$122M (-54.3%)
South Korea-$5.85M (-85.7%)
Brazil-$3.09M (-60.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Italy's main exporting competitors in Unpackaged Medicaments were:
Ireland $3.03B
Portugal $2.97B
United States $2.92B
In 2023, Italy's main importing competitors in Unpackaged Medicaments were:
Belgium $3.73B
United States $2.15B
Canada $1.87B

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.1M
TOP IMPORT POTENTIALSwitzerland+ $12.3M

Unpackaged Medicaments’s highest export potential is United States. With an export gap of $14.1M.   Unpackaged Medicaments’s highest import potential is Switzerland with an import gap of $12.3M.

See methodology.

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