Packaged Medicaments in Chile | The Observatory of Economic Complexity

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Exports In 2022, Chile exported $219M in Packaged Medicaments, making it the 58th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 51st most exported product in Chile. The main destination of Packaged Medicaments exports from Chile are: Ecuador ($60.6M), Bolivia ($23.3M), Paraguay ($21.4M), Peru ($17.8M), and Colombia ($11.2M).

The fastest growing export markets for Packaged Medicaments of Chile between 2021 and 2022 were Ecuador ($26.4M), Paraguay ($4.45M), and Czechia ($4M).

Imports In 2022, Chile imported $1.12B in Packaged Medicaments, becoming the 53rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most imported product in Chile. Chile imports Packaged Medicaments primarily from: Germany ($164M), India ($135M), United States ($112M), Switzerland ($65.3M), and Denmark ($65.1M).

The fastest growing import markets in Packaged Medicaments for Chile between 2021 and 2022 were Denmark ($22.5M), France ($9.76M), and Canada ($6.84M).

Latest Trends

February 2024

About

Overview In February 2024 Chile's Packaged Medicaments exports accounted up to $16.3M and imports accounted up to $99.9M, resulting in a negative trade balance of $83.6M. Between February 2023 and February 2024 the exports of Chile's Packaged Medicaments have increased by $1.87M (13%) from $14.4M to $16.3M, while imports increased by $7.49M (8.1%) from $92.4M to $99.9M.

Destinations In February 2024, Packaged Medicaments were exported mostly to Ecuador ($3.31M), Bolivia ($3.03M), Paraguay ($1.95M), Peru ($1.32M), and Costa Rica ($1.16M), and were imported mostly from Uruguay ($18.6M), Belgium ($16.6M), Heard Island and McDonald Islands ($11.3M), Switzerland ($7.65M), and Ireland ($6.91M).

Growth In February 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Paraguay ($1.7M or 398%), Bolivia ($1.04M or 153%), and Peru ($751k or 66.8%). In February 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Denmark ($10.4M or 1.38k%), Argentina ($3.41M or 173%), and France ($1.29M or 98.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$1.87M(13%)

IMPORT GROWTH (February 2023 - February 2024)$7.49M(8.1%)

MAIN EXPORTER (February 2024)Renca$7.94M

MAIN DESTINATION (February 2024)Ecuador$3.31M

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

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$219M

IMPORTS (2022)$1.12B

NET TRADE (2022)-$902M

In 2022, Chile exported $219M in Packaged Medicaments. The main destinations of Chile exports on Packaged Medicaments were Ecuador ($60.6M), Bolivia ($23.3M), Paraguay ($21.4M), Peru ($17.8M), and Colombia ($11.2M).

In 2022, Chile imported $1.12B in Packaged Medicaments, mainly from Germany ($164M), India ($135M), United States ($112M), Switzerland ($65.3M), and Denmark ($65.1M).

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