Unpackaged Medicaments in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $527M in Unpackaged Medicaments, making it the 8th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 167th most exported product in Spain. The main destination of Unpackaged Medicaments exports from Spain are: Germany ($128M), Italy ($59.3M), France ($50.6M), Austria ($32.6M), and Netherlands ($31.4M).

The fastest growing export markets for Unpackaged Medicaments of Spain between 2021 and 2022 were Germany ($23.6M), France ($12M), and Italy ($10.5M).

Imports In 2022, Spain imported $603M in Unpackaged Medicaments, becoming the 5th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 154th most imported product in Spain. Spain imports Unpackaged Medicaments primarily from: Switzerland ($440M), China ($25.8M), India ($18.6M), Italy ($18.6M), and Hungary ($17.1M).

The fastest growing import markets in Unpackaged Medicaments for Spain between 2021 and 2022 were Switzerland ($299M), China ($11.5M), and Italy ($8.79M).

Latest Trends

January 2024

About

Overview In January 2024 Spain's Unpackaged Medicaments exports accounted up to €61.7M and imports accounted up to €26M, resulting in a positive trade balance of €35.8M. Between January 2023 and January 2024 the exports of Spain's Unpackaged Medicaments have increased by €13.5M (28.1%) from €48.2M to €61.7M, while imports decreased by €-25.3M (-49.3%) from €51.3M to €26M.

Destinations In January 2024, Unpackaged Medicaments were exported mostly to Germany (€15.7M), Italy (€10.4M), France (€5.08M), Austria (€4.95M), and Netherlands (€3.06M), and were imported mostly from Germany (€9.52M), Poland (€3M), Netherlands (€2.36M), Croatia (€1.79M), and China (€1.64M).

Growth In January 2024, the increase in Unpackaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Germany (€2.16M or 21.5%), Italy (€930k or 11.8%), and United States (€531k or 105%). In January 2024, the decrease in Unpackaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Malta (€-1.24M or -91.4%), Netherlands (€-1.18M or -46.7%), and Greece (€-238k or -88%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€13.5M(28.1%)

IMPORT GROWTH (January 2023 - January 2024)€-25.3M(-49.3%)

MAIN EXPORTER (January 2024)Barcelona€38.7M

MAIN DESTINATION (January 2024)Germany€15.7M

This section shows Unpackaged 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 Unpackaged Medicaments over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$527M

IMPORTS (2022)$603M

NET TRADE (2022)-$76.2M

In 2022, Spain exported $527M in Unpackaged Medicaments. The main destinations of Spain exports on Unpackaged Medicaments were Germany ($128M), Italy ($59.3M), France ($50.6M), Austria ($32.6M), and Netherlands ($31.4M).

In 2022, Spain imported $603M in Unpackaged Medicaments, mainly from Switzerland ($440M), China ($25.8M), India ($18.6M), Italy ($18.6M), and Hungary ($17.1M).

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