2023
Exports
$1.58BWorld Rnk 26 / 214
Flag Rnk 6 / 1213
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$2.71BWorld Rnk 32 / 226
Flag Rnk 5 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $1.58B in Packaged Medicaments, making it the 26th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 6th most exported product in Portugal. The main destination of Packaged Medicaments exports from Portugal are: United States ($328M), Germany ($242M), Belgium ($94.3M), United Kingdom ($86.6M), and France ($84.3M).

The fastest growing export markets for Packaged Medicaments of Portugal between 2022 and 2023 were United States ($134M), Belgium ($38.9M), and Czechia ($21.5M).

Imports In 2023, Portugal imported $2.71B in Packaged Medicaments, becoming the 32nd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Portugal. Portugal imports Packaged Medicaments primarily from: Germany ($602M), Spain ($358M), France ($304M), Belgium ($275M), and Netherlands ($219M).

The fastest growing import markets in Packaged Medicaments for Portugal between 2022 and 2023 were Belgium ($67.7M), Germany ($57.2M), and France ($52.3M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (16) were at the forefront of shipping Packaged Medicaments from Portugal to the United States.

Latest Trends

Dec 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 (2023)$1.58B
IMPORTS (2023)$2.71B
NET TRADE (2023)-$1.12B

In 2023, Portugal exported $1.58B in Packaged Medicaments. The main destinations of Portugal exports on Packaged Medicaments were United States ($328M), Germany ($242M), Belgium ($94.3M), United Kingdom ($86.6M), and France ($84.3M).

In 2023, Portugal imported $2.71B in Packaged Medicaments, mainly from Germany ($602M), Spain ($358M), France ($304M), Belgium ($275M), and Netherlands ($219M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
United States$134M (68.7%)
Belgium$38.9M (70.2%)
Czechia$21.5M (62.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Portugal WERE (2022 - 2023):
Australia-$64.4M (-94.5%)
Singapore-$33.1M (-96.9%)
United Kingdom-$16.2M (-15.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Packaged Medicaments were:
In 2023, Portugal'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 POTENTIALUnited States+ $158M
TOP IMPORT POTENTIALSpain+ $123M

Packaged Medicaments’s highest export potential is United States. With an export gap of $158M.   Packaged Medicaments’s highest import potential is Spain with an import gap of $123M.

See methodology.

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