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2022
Exports $5.6BWorld Rnk 19 / 217
Flag Rnk 125 / 1216
2022
Destination $202M United States
2021 - 2022
FASTEST GROWING MARKET $202MFrance
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $18.8BWorld Rnk 6 / 224
Flag Rnk 20 / 1212
2022
Origin $381M Germany
2021 - 2022
FASTEST GROWING ORIGIN $381MUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $5.6B in Packaged Medicaments, making it the 19th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 125th most exported product in China. The main destination of Packaged Medicaments exports from China are: United States ($1B), Denmark ($621M), France ($491M), Hong Kong ($290M), and United Kingdom ($213M).

The fastest growing export markets for Packaged Medicaments of China between 2021 and 2022 were France ($202M), Malaysia ($86.5M), and Netherlands ($76.4M).

Imports In 2022, China imported $18.8B in Packaged Medicaments, becoming the 6th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 20th most imported product in China. China imports Packaged Medicaments primarily from: Germany ($2.88B), United States ($2.81B), Switzerland ($2.08B), United Kingdom ($1.36B), and Italy ($1.36B).

The fastest growing import markets in Packaged Medicaments for China between 2021 and 2022 were United States ($381M), Italy ($341M), and Spain ($304M).

COMPANIES In 2023, leading companies such as Conair (4), Walmart (3), and Walgreens (1) were at the forefront of shipping Packaged Medicaments from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Packaged Medicaments exports accounted up to $516M and imports accounted up to $1.99B, resulting in a negative trade balance of $1.48B. Between July 2023 and July 2024 the exports of China's   Packaged Medicaments have increased by $62.5M (13.8%) from $453M to $516M, while imports decreased by $-202M (-9.2%) from $2.2B to $1.99B.

Destinations In July 2024, Packaged Medicaments were exported mostly to Denmark ($112M), United States ($79.7M), Hong Kong ($19.9M), France ($18.9M), and Australia ($18.8M), and were imported mostly from Italy ($277M), Germany ($269M), Sweden ($197M), United States ($175M), and France ($170M).

Growth In July 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to United States ($14.2M or 25%), Niger ($2.54M or 286%), and Slovenia ($2.4M or 188%). In July 2024, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-143M or -83%), France ($-81M or -41%), and Singapore ($-63.4M or -92.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$62.5M(13.8%)
IMPORT GROWTH (July 2023 - July 2024)$-202M(-9.2%)
MAIN EXPORTER (July 2024)Tianjin$161M
MAIN DESTINATION (July 2024)Denmark$112M

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

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.6B
IMPORTS (2022)$18.8B
NET TRADE (2022)-$13.2B

In 2022, China exported $5.6B in Packaged Medicaments. The main destinations of China exports on Packaged Medicaments were United States ($1B), Denmark ($621M), France ($491M), Hong Kong ($290M), and United Kingdom ($213M).

In 2022, China imported $18.8B in Packaged Medicaments, mainly from Germany ($2.88B), United States ($2.81B), Switzerland ($2.08B), United Kingdom ($1.36B), and Italy ($1.36B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR China WERE (2021 - 2022):
France$202M (69.7%)
Malaysia$86.5M (164%)
Netherlands$76.4M (202%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY China WERE (2021 - 2022):
Denmark-$138M (-18.2%)
South Korea-$40.2M (-22.5%)
Thailand-$23.2M (-26.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, China's main importing competitors in Packaged Medicaments were:
United States $91.3B
Switzerland $32.9B
Germany $32B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $696M
TOP IMPORT POTENTIALGermany+ $1B

Packaged Medicaments’s highest export potential is United States. With an export gap of $696M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $1B.

See methodology.

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