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2022
Exports $12.7BWorld Rnk 12 / 217
Flag Rnk 3 / 1214
2022
Destination $304M Switzerland
2021 - 2022
FASTEST GROWING MARKET $304MChina
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $13.2BWorld Rnk 11 / 224
Flag Rnk 4 / 1214
2022
Origin $1.63B United States
2021 - 2022
FASTEST GROWING ORIGIN $1.63BUnited States
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $12.7B in Packaged Medicaments, making it the 12th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most exported product in Spain. The main destination of Packaged Medicaments exports from Spain are: Switzerland ($4.63B), Germany ($1.39B), United States ($669M), France ($663M), and China ($620M).

The fastest growing export markets for Packaged Medicaments of Spain between 2021 and 2022 were China ($304M), United States ($142M), and Netherlands ($93.9M).

Imports In 2022, Spain imported $13.2B 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 ($4.21B), Germany ($2.15B), France ($1.01B), Italy ($986M), and Switzerland ($971M).

The fastest growing import markets in Packaged Medicaments for Spain between 2021 and 2022 were United States ($1.63B), Germany ($427M), and Italy ($194M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (14) were at the forefront of shipping Packaged Medicaments from Spain to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Spain's Packaged Medicaments exports accounted up to €1.21B and imports accounted up to €1.18B, resulting in a positive trade balance of €29.3M. Between September 2023 and September 2024 the exports of Spain's   Packaged Medicaments have increased by €242M (25%) from €968M to €1.21B, while imports decreased by €-232M (-16.4%) from €1.41B to €1.18B.

Destinations In September 2024, Packaged Medicaments were exported mostly to China (€293M), Switzerland (€237M), Germany (€153M), Italy (€84.2M), and United Kingdom (€76.6M), and were imported mostly from United States (€348M), Italy (€185M), Germany (€150M), Switzerland (€68.6M), and Belgium (€58.1M).

Growth In September 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Germany (€39.6M or 53.4%), China (€12.8M or 98.5%), and Brazil (€12.2M or 313%). In September 2024, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Italy (€-26.9M or -40.3%), United States (€-25.5M or -7.91%), and Denmark (€-17.3M or -33.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€242M(25%)
IMPORT GROWTH (September 2023 - September 2024)€-232M(-16.4%)
MAIN EXPORTER (September 2024)Madrid€695M
MAIN DESTINATION (September 2024)China€293M

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

Trade Balance

Color
EXPORTS (2022)$12.7B
IMPORTS (2022)$13.2B
NET TRADE (2022)-$442M

In 2022, Spain exported $12.7B in Packaged Medicaments. The main destinations of Spain exports on Packaged Medicaments were Switzerland ($4.63B), Germany ($1.39B), United States ($669M), France ($663M), and China ($620M).

In 2022, Spain imported $13.2B in Packaged Medicaments, mainly from United States ($4.21B), Germany ($2.15B), France ($1.01B), Italy ($986M), and Switzerland ($971M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Spain WERE (2021 - 2022):
China$304M (96.1%)
United States$142M (26.9%)
Netherlands$93.9M (64.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Spain WERE (2021 - 2022):
Germany-$251M (-15.3%)
France-$71M (-9.68%)
Greece-$37.6M (-36.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, Spain's main importing competitors in Packaged Medicaments were:
United States $91.3B
Switzerland $32.9B
Germany $32B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $618M
TOP IMPORT POTENTIALFrance+ $600M

Packaged Medicaments’s highest export potential is United States. With an export gap of $618M.   Packaged Medicaments’s highest import potential is France with an import gap of $600M.

See methodology.

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