Pharmaceutical products in Portugal | The Observatory of Economic Complexity

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Exports In 2022, Portugal exported $2.26B in Pharmaceutical products, making it the 28th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most exported product in Portugal. The main destination of Pharmaceutical products exports from Portugal are: United States ($584M), Canada ($352M), Germany ($290M), Ireland ($127M), and Spain ($98.4M).

The fastest growing export markets for Pharmaceutical products of Portugal between 2021 and 2022 were United States ($361M), Canada ($333M), and Angola ($23.2M).

Imports In 2022, Portugal imported $3.68B in Pharmaceutical products, becoming the 34th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 7th most imported product in Portugal. Portugal imports Pharmaceutical products primarily from: Germany ($720M), Belgium ($522M), Spain ($479M), Switzerland ($360M), and Netherlands ($315M).

The fastest growing import markets in Pharmaceutical products for Portugal between 2021 and 2022 were Belgium ($91M), Sweden ($46.7M), and Spain ($40.6M).

COMPANIES In 2023, leading companies such as BAXTER HEALTHCARE CORPORATION (16) were at the forefront of shipping Pharmaceutical products from Portugal to the United States.

Latest Trends

February 2024

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Overview In February 2024 Portugal's Pharmaceutical products exports accounted up to €146M and imports accounted up to €342M, resulting in a negative trade balance of €196M. Between February 2023 and February 2024 the exports of Portugal's Pharmaceutical products have increased by €15.2M (11.6%) from €131M to €146M, while imports increased by €41.2M (13.7%) from €301M to €342M.

Destinations In February 2024, Pharmaceutical products were exported mostly to United States (€34.8M), Germany (€26.3M), Ireland (€11M), Spain (€10.3M), and France (€8.98M), and were imported mostly from Germany (€82.6M), Belgium (€43.6M), Spain (€40.4M), Italy (€26.5M), and France (€25.9M).

Growth In February 2024, the increase in Pharmaceutical products's year-by-year exports was explained primarily by an increase in exports to United States (€9.15M or 54.1%), Switzerland (€7.38M or 521%), and Italy (€3.94M or 85%). In February 2024, the increase in Pharmaceutical products's year-by-year imports was explained primarily by an increase in imports from Italy (€18.4M or 208%), Netherlands (€10M or 40.3%), and Switzerland (€7.77M or 57.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€15.2M(11.6%)

IMPORT GROWTH (February 2023 - February 2024)€41.2M(13.7%)

MAIN DESTINATION (February 2024)United States€34.8M

This section shows Pharmaceutical products's exports and imports data at subnational level for Portugal. 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 Pharmaceutical products over time.

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