HS Icon Packaged Medicaments in  Flag Spain

2019
Exports | Imports
: $9.95B | $10B, World Rnk 12 / 205
Flag Rnk 4 / 1213 | World Rnk 12 / 224
Flag Rnk 4 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $762M | $430M, Switzerland |  United States

2019
ECONOMIC COMPLEXITY of Spain
: 0.85, Rnk 33 / 147

2019
PRODUCT COMPLEXITY  IN Packaged Medicaments
: 0.64, Rnk 320 / 1029

Exports: In 2019, Spain exported $9.95B in Packaged Medicaments, making it the 12th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most exported product in Spain. The main destination of Packaged Medicaments exports from Spain are: Switzerland ($2.97B), Germany ($1.28B), France ($680M), Italy ($445M), and United Kingdom ($441M).

The fastest growing export markets for Packaged Medicaments of Spain between 2018 and 2019 were Switzerland ($762M), Germany ($197M), and United Kingdom ($121M).

Imports: In 2019, Spain imported $10B in Packaged Medicaments, becoming the 12th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Spain. Spain imports Packaged Medicaments primarily from: United States ($1.85B), Germany ($1.57B), Switzerland ($1.21B), France ($902M), and Belgium ($820M).

The fastest growing import markets in Packaged Medicaments for Spain between 2018 and 2019 were United States ($430M), Italy ($129M), and Sweden ($22.7M).

Latest Trends (April 2021)

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Overview: In April 2021 Spain's Packaged Medicaments exports accounted up to €756M and imports accounted up to €861M, resulting in a negative trade balance of €104M. Between April 2020 and April 2021 the exports of Spain's   Packaged Medicaments have decreased by €-19.3M (-2.49%) from €776M to €756M, while imports increased by €1.59M (0.19%) from €859M to €861M.

Destinations: In April 2021, Packaged Medicaments were exported mostly to Switzerland (€240M), Germany (€141M), France (€50.1M), Italy (€31.6M), and United Kingdom (€28.3M), and were imported mostly from United States (€218M), Germany (€116M), France (€91.4M), Netherlands (€70.3M), and Belgium (€65.6M).

Growth: In April 2021, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Switzerland (€-25M or -9.41%), Netherlands (€-15.1M or -40.8%), and Japan (€-11.4M or -83%). In April 2021, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from United States (€114M or 109%), France (€18.9M or 26.1%), and Denmark (€12M or 30.3%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): €-19.3M, (-2.49%)

IMPORT GROWTH (April 2020 - April 2021): €1.59M, (0.19%)

MAIN EXPORTER (April 2021): Barcelona, €379M

MAIN DESTINATION (April 2021): Switzerland, €240M

This section shows Packaged 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 Packaged Medicaments over time.

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Historical Data

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Value

EXPORTS (2019): $9.95B

IMPORTS (2019): $10B

NET TRADE (2019): -$54.8M

In 2019, Spain exported $9.95B in Packaged Medicaments. The main destinations of Spain exports on Packaged Medicaments were Switzerland ($2.97B), Germany ($1.28B), France ($680M), Italy ($445M), and United Kingdom ($441M).

In 2019, Spain imported $10B in Packaged Medicaments, mainly from United States ($1.85B), Germany ($1.57B), Switzerland ($1.21B), France ($902M), and Belgium ($820M).

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IN 2019, Spain HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

IN 2019, Spain HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

Flow

THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Spain WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Spain WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Spain's main exporting competitors in Packaged Medicaments were:

In 2018, Spain's main importing competitors in Packaged Medicaments were:

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Tariffs by Country

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In 2017, the tariffs for Packaged Medicaments in the imports of Spain were of 0% around the world.