2022
Exports
$770MWorld Rnk 35 / 217
Flag Rnk 91 / 1195
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$3.79BWorld Rnk 22 / 224
Flag Rnk 14 / 1210
2022
ECONOMIC COMPLEXITY of Chinese Taipei
1.94Rnk 3 / 133

About

Exports In 2022, Chinese Taipei exported $770M in Packaged Medicaments, making it the 35th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 91st most exported product in Chinese Taipei. The main destination of Packaged Medicaments exports from Chinese Taipei are: United States ($279M), China ($180M), Japan ($87.8M), Hong Kong ($43.5M), and South Korea ($25.9M).

The fastest growing export markets for Packaged Medicaments of Chinese Taipei between 2021 and 2022 were United States ($73.6M), Japan ($19.6M), and Hong Kong ($11.5M).

Imports In 2022, Chinese Taipei imported $3.79B in Packaged Medicaments, becoming the 22nd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 14th most imported product in Chinese Taipei. Chinese Taipei imports Packaged Medicaments primarily from: Italy ($649M), Germany ($525M), United States ($457M), Belgium ($326M), and Switzerland ($317M).

The fastest growing import markets in Packaged Medicaments for Chinese Taipei between 2021 and 2022 were Italy ($543M), United States ($165M), and Belgium ($134M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$770M
IMPORTS (2022)$3.79B
NET TRADE (2022)-$3.02B

In 2022, Chinese Taipei exported $770M in Packaged Medicaments. The main destinations of Chinese Taipei exports on Packaged Medicaments were United States ($279M), China ($180M), Japan ($87.8M), Hong Kong ($43.5M), and South Korea ($25.9M).

In 2022, Chinese Taipei imported $3.79B in Packaged Medicaments, mainly from Italy ($649M), Germany ($525M), United States ($457M), Belgium ($326M), and Switzerland ($317M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Chinese Taipei WERE (2021 - 2022):
United States$73.6M (35.8%)
Japan$19.6M (28.7%)
Hong Kong$11.5M (36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Chinese Taipei WERE (2021 - 2022):
Malta-$27M (-75.3%)
Russia-$9.63M (-100%)
China-$4.07M (-2.21%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Chinese Taipei's main exporting competitors in Packaged Medicaments were:
In 2022, Chinese Taipei's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Packaged Medicaments’s highest export potential is N/A. With an export gap of N/A.   Packaged Medicaments’s highest import potential is N/A with an import gap of N/A.

See methodology.

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