Packaged Medicaments in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $12.7B in Packaged Medicaments, making it the 12th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most exported product in Spain. The main destination of Packaged Medicaments exports from Spain are: Switzerland ($4.63B), Germany ($1.39B), United States ($669M), France ($663M), and China ($620M).

The fastest growing export markets for Packaged Medicaments of Spain between 2021 and 2022 were China ($304M), United States ($142M), and Netherlands ($93.9M).

Imports In 2022, Spain imported $13.2B in Packaged Medicaments, becoming the 11th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Spain. Spain imports Packaged Medicaments primarily from: United States ($4.21B), Germany ($2.15B), France ($1.01B), Italy ($986M), and Switzerland ($971M).

The fastest growing import markets in Packaged Medicaments for Spain between 2021 and 2022 were United States ($1.63B), Germany ($427M), and Italy ($194M).

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

Latest Trends

January 2024

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Overview In January 2024 Spain's Packaged Medicaments exports accounted up to €938M and imports accounted up to €874M, resulting in a positive trade balance of €64.5M. Between January 2023 and January 2024 the exports of Spain's Packaged Medicaments have increased by €154M (19.7%) from €784M to €938M, while imports decreased by €-87.4M (-9.1%) from €961M to €874M.

Destinations In January 2024, Packaged Medicaments were exported mostly to Switzerland (€303M), Germany (€113M), France (€66.1M), Italy (€53.6M), and Brazil (€42.1M), and were imported mostly from Germany (€185M), United States (€136M), France (€76.3M), Belgium (€66.6M), and United Kingdom (€46.9M).

Growth In January 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Germany (€39.6M or 53.4%), China (€12.8M or 98.5%), and Brazil (€12.2M or 313%). In January 2024, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Italy (€-26.9M or -40.3%), United States (€-25.5M or -7.91%), and Denmark (€-17.3M or -33.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€154M(19.7%)

IMPORT GROWTH (January 2023 - January 2024)€-87.4M(-9.1%)

MAIN EXPORTER (January 2024)Barcelona€493M

MAIN DESTINATION (January 2024)Switzerland€303M

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