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Who buys Italy’s medicines? Export destinations 2024

In 2024, Italy exported $41.5 billion of medicines (326 thousand tonnes), 8.6% of the world total. Its main destinations were Switzerland (20%), Belgium (17%) and the United States (14%). Italy was the world’s 3rd-largest exporter of medicines.

Summary

Value
$41.5billion
Tonnes
326thousand tonnes
Share of world total
8.6%
World rank
3rd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Switzerland8.5Tonnes: 10,455USD per tonne: $810,44920.4%Land
Belgium re-exports7.1Tonnes: 22,126USD per tonne: $320,30417.1%Air
United States5.9Tonnes: 16,078USD per tonne: $365,03014.1%Air
Germany3.3Tonnes: 39,657USD per tonne: $83,6858%Air
United Kingdom2.5Tonnes: 9,637USD per tonne: $259,5136%Air
France2.3Tonnes: 47,384USD per tonne: $49,2255.6%Land
Spain1.3Tonnes: 30,993USD per tonne: $42,8473.2%Air
China1.1Tonnes: 6,290USD per tonne: $180,0102.7%Air
Poland0.54Tonnes: 13,237USD per tonne: $40,8721.3%Sea
Netherlands re-exports0.53Tonnes: 7,371USD per tonne: $71,8641.3%Air
Japan0.47Tonnes: 939USD per tonne: $498,7961.1%Air
Saudi Arabia0.41Tonnes: 4,284USD per tonne: $95,0410.98%Air
Australia0.39Tonnes: 1,140USD per tonne: $346,0410.95%Air
Czechia0.38Tonnes: 3,092USD per tonne: $121,5640.91%Air
Canada0.37Tonnes: 3,571USD per tonne: $103,5080.89%Air
Taiwan0.33Tonnes: 4,047USD per tonne: $80,3300.78%Air
Greece0.31Tonnes: 7,808USD per tonne: $39,7790.75%Sea
Austria0.29Tonnes: 5,258USD per tonne: $55,6240.7%Land
Mexico0.27Tonnes: 2,534USD per tonne: $105,1950.64%Air
South Korea0.26Tonnes: 9,650USD per tonne: $27,4290.64%Sea

Trend

Who it sells to

Switzerland has been its main destination since 2023

Value in USD billions. The five largest destinations in 2024.

  • Switzerland 8.5
  • Belgium 7.1
  • United States 5.9
  • Germany 3.3
  • United Kingdom 2.5

Source: CEPII BACI

Show the numbers
Partner19952024
Switzerland0.218.5
Belgium0.147.1
United States0.075.9
Germany0.363.3
United Kingdom0.12.5

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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