Packaged Medicaments in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $24.8B in Packaged Medicaments, making it the 7th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most exported product in Belgium. The main destination of Packaged Medicaments exports from Belgium are: United States ($5.23B), Italy ($2.9B), Germany ($2.09B), Netherlands ($2.08B), and France ($1.44B).

The fastest growing export markets for Packaged Medicaments of Belgium between 2021 and 2022 were Vietnam ($1.3B), Germany ($869M), and United States ($661M).

Imports In 2022, Belgium imported $24.3B in Packaged Medicaments, becoming the 4th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Belgium. Belgium imports Packaged Medicaments primarily from: Italy ($8.88B), Germany ($4.2B), United Kingdom ($2.63B), France ($2.46B), and United States ($2B).

The fastest growing import markets in Packaged Medicaments for Belgium between 2021 and 2022 were Italy ($2.81B), Germany ($1.09B), and United Kingdom ($377M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Packaged Medicaments from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Packaged Medicaments exports accounted up to €1.72B and imports accounted up to €1.45B, resulting in a positive trade balance of €266M. Between December 2022 and December 2023 the exports of Belgium's Packaged Medicaments have decreased by €-104M (-5.73%) from €1.82B to €1.72B, while imports increased by €126M (9.52%) from €1.33B to €1.45B.

Destinations In December 2023, Packaged Medicaments were exported mostly to United States (€394M), Italy (€302M), Germany (€115M), Russia (€94.8M), and Japan (€58.8M), and were imported mostly from Italy (€360M), Germany (€275M), United States (€215M), France (€155M), and Ireland (€114M).

Growth In December 2023, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Vietnam (€-223M or -70.3%), Germany (€-65.9M or -29.5%), and Turkey (€-65.3M or -84%). In December 2023, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Germany (€290M or 322%), Italy (€155M or 37.5%), and Switzerland (€100M or 98.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-104M(-5.73%)

IMPORT GROWTH (December 2022 - December 2023)€126M(9.52%)

MAIN DESTINATION (December 2023)United States€394M

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