Special Pharmaceuticals in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $228M in Special Pharmaceuticals, making it the 19th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 253rd most exported product in Canada. The main destination of Special Pharmaceuticals exports from Canada are: United States ($91.6M), Belgium ($62.9M), China ($18.4M), France ($9.93M), and South Korea ($8.5M).

The fastest growing export markets for Special Pharmaceuticals of Canada between 2021 and 2022 were Belgium ($59.7M), United States ($16.5M), and China ($11M).

Imports In 2022, Canada imported $370M in Special Pharmaceuticals, becoming the 12th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 282nd most imported product in Canada. Canada imports Special Pharmaceuticals primarily from: United States ($143M), Germany ($45.2M), Finland ($36.5M), China ($26.4M), and Netherlands ($22.5M).

The fastest growing import markets in Special Pharmaceuticals for Canada between 2021 and 2022 were United States ($24.6M), Belgium ($7.58M), and Hungary ($3.48M).

Latest Trends

February 2024

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Overview In February 2024 Canada's Special Pharmaceuticals exports accounted up to C$9.86M and imports accounted up to C$49.2M, resulting in a negative trade balance of C$39.4M. Between February 2023 and February 2024 the exports of Canada's Special Pharmaceuticals have decreased by C$-6.07M (-38.1%) from C$15.9M to C$9.86M, while imports increased by C$5.98M (13.8%) from C$43.3M to C$49.2M.

Destinations In February 2024, Special Pharmaceuticals were exported mostly to United States (C$7.68M), China (C$747k), Switzerland (C$499k), Colombia (C$262k), and Spain (C$236k), and were imported mostly from United States (C$15.8M), Finland (C$7.91M), China (C$4.62M), Germany (C$3.84M), and Ireland (C$2.75M).

Growth In February 2024, the decrease in Special Pharmaceuticals's year-by-year exports was explained primarily by a decrease in exports to United States (C$-4.39M or -15.1%), China (C$-1.68M or -77.1%), and France (C$-930k or -100%). In February 2024, the increase in Special Pharmaceuticals's year-by-year imports was explained primarily by an increase in imports from United States (C$8.31M or 78.3%), China (C$4.42M or 173%), and Germany (C$3.39M or 60.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-6.07M(-38.1%)

IMPORT GROWTH (February 2023 - February 2024)C$5.98M(13.8%)

MAIN EXPORTER (February 2024)OntarioC$22.2M

MAIN DESTINATION (February 2024)United StatesC$7.68M

This section shows Special Pharmaceuticals's exports and imports data at subnational level for Canada. 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 Special Pharmaceuticals over time.

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