Packaged Medicaments in Brazil | The Observatory of Economic Complexity

About

Exports In 2022, Brazil exported $974M in Packaged Medicaments, making it the 32nd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 39th most exported product in Brazil. The main destination of Packaged Medicaments exports from Brazil are: United States ($120M), Mexico ($81.3M), Argentina ($73.5M), Colombia ($57M), and Denmark ($53.5M).

The fastest growing export markets for Packaged Medicaments of Brazil between 2021 and 2022 were Egypt ($21.7M), Denmark ($18.5M), and United States ($16.1M).

Imports In 2022, Brazil imported $3.83B in Packaged Medicaments, becoming the 21st largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 15th most imported product in Brazil. Brazil imports Packaged Medicaments primarily from: United States ($844M), Germany ($516M), Switzerland ($381M), Denmark ($360M), and India ($333M).

The fastest growing import markets in Packaged Medicaments for Brazil between 2021 and 2022 were United States ($172M), Denmark ($132M), and Switzerland ($51.1M).

COMPANIES In 2023, leading companies such as CNH INDUSTRIAL AMERICA LLC (20) were at the forefront of shipping Packaged Medicaments from Brazil to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Brazil's Packaged Medicaments exports accounted up to $56.4M and imports accounted up to $447M, resulting in a negative trade balance of $391M. Between February 2023 and February 2024 the exports of Brazil's Packaged Medicaments have decreased by $-2.21M (-3.76%) from $58.6M to $56.4M, while imports increased by $131M (41.5%) from $316M to $447M.

Destinations In February 2024, Packaged Medicaments were exported mostly to Mexico ($7.1M), United States ($6M), Denmark ($4.52M), Argentina ($3.79M), and Colombia ($3.75M), and were imported mostly from United States ($57.1M), Italy ($51.8M), Germany ($51.6M), Denmark ($41.4M), and Puerto Rico ($28.7M).

Growth In February 2024, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Turkey ($-3.2M or -78.2%), Denmark ($-1.99M or -27.9%), and China ($-783k or -73.3%). In February 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Italy ($34.1M or 176%), United Kingdom ($15.1M or 165%), and Germany ($10.8M or 29%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-2.21M(-3.76%)

IMPORT GROWTH (February 2023 - February 2024)$131M(41.5%)

MAIN EXPORTER (February 2024)São Paulo$43.1M

MAIN DESTINATION (February 2024)Mexico$7.1M

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