2023
Exports
$288MWorld Rnk 60 / 225
Flag Rnk 26 / 96
2023
PRODUCT COMPLEXITY IN Pharmaceutical products
1.25Rnk 89 / 1025
2023
Imports
$2.17BWorld Rnk 48 / 226
Flag Rnk 6 / 96
2023
ECONOMIC COMPLEXITY of Chile
-0.2Rnk 72 / 132

About

Exports In 2023, Chile exported $288M in Pharmaceutical products, making it the 60th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 26th most exported product in Chile. The main destination of Pharmaceutical products exports from Chile are: Ecuador ($53.2M), Germany ($28.7M), Bolivia ($23.6M), Paraguay ($20.2M), and Peru ($18.3M).

The fastest growing export markets for Pharmaceutical products of Chile between 2022 and 2023 were Germany ($20.6M), Spain ($8.35M), and Australia ($7.57M).

Imports In 2023, Chile imported $2.17B in Pharmaceutical products, becoming the 48th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 6th most imported product in Chile. Chile imports Pharmaceutical products primarily from: Germany ($303M), United States ($299M), India ($177M), Denmark ($135M), and Ireland ($128M).

The fastest growing import markets in Pharmaceutical products for Chile between 2022 and 2023 were Denmark ($57.8M), France ($21.1M), and Mexico ($15M).

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-6.83M(-37.8%)
IMPORT GROWTH (November 2023 - November 2024)$5.29M(2.14%)
MAIN EXPORTER (November 2024)Lampa$11.7M
MAIN DESTINATION (November 2024)Ecuador$2.57M

This section shows Pharmaceutical products's exports and imports data at subnational level for Chile. 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 Pharmaceutical products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$288M
IMPORTS (2023)$2.17B
NET TRADE (2023)-$1.88B

In 2023, Chile exported $288M in Pharmaceutical products. The main destinations of Chile exports on Pharmaceutical products were Ecuador ($53.2M), Germany ($28.7M), Bolivia ($23.6M), Paraguay ($20.2M), and Peru ($18.3M).

In 2023, Chile imported $2.17B in Pharmaceutical products, mainly from Germany ($303M), United States ($299M), India ($177M), Denmark ($135M), and Ireland ($128M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Chile WERE (2022 - 2023):
Germany$20.6M (252%)
Spain$8.35M (693%)
Australia$7.57M (827%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Chile WERE (2022 - 2023):
Canada-$13.6M (-69.2%)
Ecuador-$8.44M (-13.7%)
Costa Rica-$3.93M (-32.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Chile's main exporting competitors in Pharmaceutical products were:
In 2023, Chile's main importing competitors in Pharmaceutical products were:

Explore Visualizations

Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.6M
TOP IMPORT POTENTIALUnited States+ $99.1M

Pharmaceutical products’s highest export potential is United States. With an export gap of $14.6M.   Pharmaceutical products’s highest import potential is United States with an import gap of $99.1M.

See methodology.

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