Packaged Medicaments in Spain 2020 Exports | Imports : $11.6B | $10.7B, World Rnk 12 / 210 Rnk 2 / 1213 | World Rnk 11 / 224 Rnk 4 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $665M | $208M, Switzerland | Denmark
2020 ECONOMIC COMPLEXITY of Spain: 0.76, Rnk 34 / 127
2020 PRODUCT COMPLEXITY IN Packaged Medicaments: 0.6, Rnk 320 / 1029
Exports In 2020, Spain exported $11.6B in Packaged Medicaments, making it the 12th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most exported product in Spain. The main destination of Packaged Medicaments exports from Spain are: Switzerland ($3.61B), Germany ($1.55B), France ($807M), Italy ($533M), and United States ($507M).
The fastest growing export markets for Packaged Medicaments of Spain between 2019 and 2020 were Switzerland ($665M), Germany ($275M), and China ($164M).
Imports In 2020, Spain imported $10.7B in Packaged Medicaments, becoming the 11th 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 ($1.87B), Germany ($1.71B), Switzerland ($1.14B), France ($1.01B), and Netherlands ($871M).
The fastest growing import markets in Packaged Medicaments for Spain between 2019 and 2020 were Denmark ($208M), Germany ($133M), and Belgium ($102M).
November 2022
Overview In November 2022 Spain's Packaged Medicaments exports accounted up to €1.19B and imports accounted up to €1.38B, resulting in a negative trade balance of €194M. Between November 2021 and November 2022 the exports of Spain's Packaged Medicaments have increased by €319M (36.9%) from €867M to €1.19B, while imports increased by €496M (56.1%) from €884M to €1.38B.
Destinations In November 2022, Packaged Medicaments were exported mostly to Switzerland (€520M), Germany (€131M), China (€78.5M), France (€66.5M), and Italy (€40.8M), and were imported mostly from United States (€594M), Germany (€213M), Switzerland (€77.2M), France (€75.7M), and Netherlands (€72.6M).
Growth In November 2022, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Austria (€2.45M or 33.1%), Brazil (€2.09M or 70.1%), and South Africa (€1.42M or 67.9%). In November 2022, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Denmark (€7.7M or 29.2%), Sweden (€6.92M or 73.5%), and Japan (€6.06M or 265%).
EXPORT GROWTH (November 2021 - November 2022): €319M, (36.9%)
IMPORT GROWTH (November 2021 - November 2022): €496M, (56.1%)
MAIN EXPORTER (November 2022): Barcelona, €675M
MAIN DESTINATION (November 2022): Switzerland, €520M
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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EXPORTS (2020): $11.6B
IMPORTS (2020): $10.7B
NET TRADE (2020): $860M
In 2020, Spain exported $11.6B in Packaged Medicaments. The main destinations of Spain exports on Packaged Medicaments were Switzerland ($3.61B), Germany ($1.55B), France ($807M), Italy ($533M), and United States ($507M).
In 2020, Spain imported $10.7B in Packaged Medicaments, mainly from United States ($1.87B), Germany ($1.71B), Switzerland ($1.14B), France ($1.01B), and Netherlands ($871M).
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Spain WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Spain WERE (2019 - 2020):
In 2020, Spain's main exporting competitors in Packaged Medicaments were:
In 2020, Spain's main importing competitors in Packaged Medicaments were:
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