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%).