2022
Exports
$372MWorld Rnk 50 / 217
Flag Rnk 17 / 1142
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$1.77BWorld Rnk 37 / 224
Flag Rnk 5 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $372M in Packaged Medicaments, making it the 50th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 17th most exported product in Colombia. The main destination of Packaged Medicaments exports from Colombia are: Ecuador ($106M), Peru ($40.5M), Panama ($37M), Costa Rica ($26.6M), and Chile ($25.4M).

The fastest growing export markets for Packaged Medicaments of Colombia between 2021 and 2022 were Ecuador ($7.26M), Chile ($5.09M), and El Salvador ($4.36M).

Imports In 2022, Colombia imported $1.77B in Packaged Medicaments, becoming the 37th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Colombia. Colombia imports Packaged Medicaments primarily from: United States ($320M), Germany ($271M), Switzerland ($164M), Mexico ($105M), and France ($81.2M).

The fastest growing import markets in Packaged Medicaments for Colombia between 2021 and 2022 were Belgium ($16.2M), Spain ($15.5M), and United States ($14.7M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$372M
IMPORTS (2022)$1.77B
NET TRADE (2022)-$1.39B

In 2022, Colombia exported $372M in Packaged Medicaments. The main destinations of Colombia exports on Packaged Medicaments were Ecuador ($106M), Peru ($40.5M), Panama ($37M), Costa Rica ($26.6M), and Chile ($25.4M).

In 2022, Colombia imported $1.77B in Packaged Medicaments, mainly from United States ($320M), Germany ($271M), Switzerland ($164M), Mexico ($105M), and France ($81.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
Ecuador$7.26M (7.37%)
Chile$5.09M (25%)
El Salvador$4.36M (22.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Colombia WERE (2021 - 2022):
United States-$16.2M (-91.3%)
Honduras-$5M (-40.1%)
Peru-$4.68M (-10.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Packaged Medicaments were:
In 2022, Colombia's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $13.3M
TOP IMPORT POTENTIALUnited States+ $95.7M

Packaged Medicaments’s highest export potential is Brazil. With an export gap of $13.3M.   Packaged Medicaments’s highest import potential is United States with an import gap of $95.7M.

See methodology.

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