Overview: In July 2020 Portugal's Pharmaceutical products exports accounted up to €1.05B and imports accounted up to €2.95B, resulting in a negative trade balance of €1.91B. Between July 2019 and July 2020 the exports of Portugal's Pharmaceutical products have increased by €389M (59.2%) from €657M to €1.05B, while imports increased by €657M (28.6%) from €2.3B to €2.95B.
Destinations: In July 2020 Pharmaceutical products exported mostly to United States (€257M), Denmark (€46.9M), South Korea (€43.2M), Germany (€39.6M), and India (€36.6M), and imported mostly from Germany (€642M), United States (€530M), Italy (€212M), Ireland (€210M), and Switzerland (€208M).
Growth: In July 2020, the increase in Pharmaceutical products's year-by-year exports was explained primarily by an increase in exports to United States (€108M or 72.6%), Denmark (€32.9M or 235%), and Netherlands (€23.7M or 273%). In July 2020, the increase in Pharmaceutical products's year-by-year imports was explained primarily by an increase in imports from United States (€143M or 36.9%), Italy (€130M or 158%), and Switzerland (€106M or 103%).