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2023
Exports $2.92BWorld Rnk 3 / 168
Flag Rnk 109 / 1217
2023
Destination $716M Germany
2022 - 2023
FASTEST GROWING MARKET $716MGermany
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.55Rnk 344 / 1025
2023
Imports $2.15BWorld Rnk 2 / 220
Flag Rnk 223 / 1215
2023
Origin $725M Portugal
2022 - 2023
FASTEST GROWING ORIGIN $725MPortugal
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $2.92B in Unpackaged Medicaments, making it the 3rd largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 109th most exported product in United States. The main destination of Unpackaged Medicaments exports from United States are: Germany ($1.25B), Belgium ($615M), Ireland ($307M), United Kingdom ($146M), and Switzerland ($128M).

The fastest growing export markets for Unpackaged Medicaments of United States between 2022 and 2023 were Germany ($716M), Belgium ($607M), and United Kingdom ($134M).

Imports In 2023, United States imported $2.15B in Unpackaged Medicaments, becoming the 2nd largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 223rd most imported product in United States. United States imports Unpackaged Medicaments primarily from: Portugal ($1.07B), Singapore ($310M), China ($156M), Denmark ($92.7M), and India ($88.9M).

The fastest growing import markets in Unpackaged Medicaments for United States between 2022 and 2023 were Portugal ($725M), Switzerland ($38.4M), and United Kingdom ($28.3M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (3), Amazon (2), and Jo-Ann Stores (2) were at the forefront of shipping Unpackaged Medicaments to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Unpackaged Medicaments exports accounted up to $99M and imports accounted up to $164M, resulting in a negative trade balance of $65.3M. Between November 2023 and November 2024 the exports of United States'   Unpackaged Medicaments have decreased by $-36.8M (-27.1%) from $136M to $99M, while imports increased by $100M (157%) from $64M to $164M.

Destinations In November 2024, Unpackaged Medicaments were exported mostly to Germany ($42.2M), Ireland ($13.4M), Netherlands ($10.2M), Belgium ($8.82M), and Denmark ($3.56M), and were imported mostly from Italy ($67.5M), Switzerland ($30.8M), Singapore ($17.1M), China ($14.9M), and Portugal ($9.37M).

Growth In November 2024, the decrease in Unpackaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Canada ($-3.88M or -52.1%), France ($-2.9M or -99.8%), and Mexico ($-1.65M or -73.9%). In November 2024, the increase in Unpackaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Portugal ($17M or 259%), Italy ($15.8M or 83.2%), and Ireland ($7.88M or 56.9k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-36.8M(-27.1%)
IMPORT GROWTH (November 2023 - November 2024)$100M(157%)
MAIN EXPORTER (November 2024)Missouri$80.7M
MAIN DESTINATION (November 2024)Germany$42.2M

This section shows Unpackaged 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 Unpackaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.92B
IMPORTS (2023)$2.15B
NET TRADE (2023)$763M

In 2023, United States exported $2.92B in Unpackaged Medicaments. The main destinations of United States exports on Unpackaged Medicaments were Germany ($1.25B), Belgium ($615M), Ireland ($307M), United Kingdom ($146M), and Switzerland ($128M).

In 2023, United States imported $2.15B in Unpackaged Medicaments, mainly from Portugal ($1.07B), Singapore ($310M), China ($156M), Denmark ($92.7M), and India ($88.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR United States WERE (2022 - 2023):
Germany$716M (133%)
Belgium$607M (6.9k%)
United Kingdom$134M (1.05k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY United States WERE (2022 - 2023):
Ireland-$163M (-34.7%)
Czechia-$9.36M (-60.9%)
Fiji-$6.9M (-95.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $32.8M
TOP IMPORT POTENTIALIndia+ $42.3M

Unpackaged Medicaments’s highest export potential is Canada. With an export gap of $32.8M.   Unpackaged Medicaments’s highest import potential is India with an import gap of $42.3M.

See methodology.

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