Special Pharmaceuticals in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $434M in Special Pharmaceuticals, making it the 12th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 204th most exported product in Spain. The main destination of Special Pharmaceuticals exports from Spain are: United States ($71.3M), Germany ($36.2M), China ($27.8M), Portugal ($23.4M), and France ($23.4M).

The fastest growing export markets for Special Pharmaceuticals of Spain between 2021 and 2022 were Japan ($8.11M), United Kingdom ($6.99M), and China ($5.68M).

Imports In 2022, Spain imported $345M in Special Pharmaceuticals, becoming the 13th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 249th most imported product in Spain. Spain imports Special Pharmaceuticals primarily from: Germany ($76.6M), France ($41.7M), Belgium ($34.5M), Italy ($23.5M), and Ireland ($22.8M).

The fastest growing import markets in Special Pharmaceuticals for Spain between 2021 and 2022 were United States ($10.3M), Denmark ($7.75M), and Austria ($2.76M).

COMPANIES In 2023, leading companies such as BAXTER HEALTHCARE CORPORATION (4) and JO-ANN STORES, LLC (1) were at the forefront of shipping Special Pharmaceuticals from Spain to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Spain's Special Pharmaceuticals exports accounted up to €33.2M and imports accounted up to €42.6M, resulting in a negative trade balance of €9.4M. Between February 2023 and February 2024 the exports of Spain's Special Pharmaceuticals have decreased by €-2.7M (-7.51%) from €35.9M to €33.2M, while imports increased by €5.99M (16.4%) from €36.6M to €42.6M.

Destinations In February 2024, Special Pharmaceuticals were exported mostly to Portugal (€3.48M), United States (€3.25M), Italy (€2.6M), Germany (€2.59M), and France (€2.52M), and were imported mostly from Germany (€7M), Austria (€5.52M), Ireland (€5.28M), United States (€4.47M), and Hungary (€2.58M).

Growth In February 2024, the decrease in Special Pharmaceuticals's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-1.11M or -66.8%), China (€-870k or -65.5%), and Canada (€-565k or -55.5%). In February 2024, the increase in Special Pharmaceuticals's year-by-year imports was explained primarily by an increase in imports from Denmark (€3.25M or 189%), United Kingdom (€2.27M or 662%), and Netherlands (€968k or 84.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-2.7M(-7.51%)

IMPORT GROWTH (February 2023 - February 2024)€5.99M(16.4%)

MAIN EXPORTER (February 2024)Madrid€29.1M

MAIN DESTINATION (February 2024)Portugal€3.48M

This section shows Special Pharmaceuticals'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 Special Pharmaceuticals over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$434M

IMPORTS (2022)$345M

NET TRADE (2022)$88.7M

In 2022, Spain exported $434M in Special Pharmaceuticals. The main destinations of Spain exports on Special Pharmaceuticals were United States ($71.3M), Germany ($36.2M), China ($27.8M), Portugal ($23.4M), and France ($23.4M).

In 2022, Spain imported $345M in Special Pharmaceuticals, mainly from Germany ($76.6M), France ($41.7M), Belgium ($34.5M), Italy ($23.5M), and Ireland ($22.8M).

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