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2023
Exports $487MWorld Rnk 12 / 190
Flag Rnk 179 / 1215
2023
Destination $16.7M United States
2022 - 2023
FASTEST GROWING MARKET $16.7MUnited States
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.53Rnk 356 / 1025
2023
Imports $408MWorld Rnk 10 / 220
Flag Rnk 210 / 1214
2023
Origin $20.4M Germany
2022 - 2023
FASTEST GROWING ORIGIN $20.4MIreland
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $487M in Special Pharmaceuticals, making it the 12th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 179th most exported product in Spain. The main destination of Special Pharmaceuticals exports from Spain are: United States ($91.8M), Germany ($53.7M), Portugal ($26M), China ($23.5M), and Italy ($23.2M).

The fastest growing export markets for Special Pharmaceuticals of Spain between 2022 and 2023 were United States ($16.7M), Japan ($6.64M), and Portugal ($5.14M).

Imports In 2023, Spain imported $408M in Special Pharmaceuticals, becoming the 10th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 210th most imported product in Spain. Spain imports Special Pharmaceuticals primarily from: Germany ($89.6M), Ireland ($43.1M), United States ($41.1M), Denmark ($37.4M), and Austria ($31.9M).

The fastest growing import markets in Special Pharmaceuticals for Spain between 2022 and 2023 were Ireland ($20.4M), Germany ($7.07M), and Denmark ($5.56M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (4) and Jo-Ann Stores (1) were at the forefront of shipping Special Pharmaceuticals from Spain to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Spain's Special Pharmaceuticals exports accounted up to €34.6M and imports accounted up to €49.8M, resulting in a negative trade balance of €15.2M. Between November 2023 and November 2024 the exports of Spain's   Special Pharmaceuticals have decreased by €-2.18M (-5.93%) from €36.8M to €34.6M, while imports increased by €5.9M (13.4%) from €44M to €49.8M.

Destinations In November 2024, Special Pharmaceuticals were exported mostly to Germany (€5.2M), Portugal (€3.25M), United States (€2.36M), France (€2.14M), and Belgium (€1.96M), and were imported mostly from Denmark (€14.4M), Germany (€7.31M), Austria (€5.02M), Ireland (€4.87M), and United States (€3.69M).

Growth In November 2024, the decrease in Special Pharmaceuticals's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-1.11M or -66.8%), China (€-870k or -65.5%), and Canada (€-565k or -55.5%). In November 2024, the increase in Special Pharmaceuticals's year-by-year imports was explained primarily by an increase in imports from Denmark (€3.25M or 189%), United Kingdom (€2.27M or 662%), and Netherlands (€968k or 84.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-2.18M(-5.93%)
IMPORT GROWTH (November 2023 - November 2024)€5.9M(13.4%)
MAIN EXPORTER (November 2024)Madrid€32.7M
MAIN DESTINATION (November 2024)Germany€5.2M

This section shows Special Pharmaceuticals'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 Special Pharmaceuticals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$487M
IMPORTS (2023)$408M
NET TRADE (2023)$79M

In 2023, Spain exported $487M in Special Pharmaceuticals. The main destinations of Spain exports on Special Pharmaceuticals were United States ($91.8M), Germany ($53.7M), Portugal ($26M), China ($23.5M), and Italy ($23.2M).

In 2023, Spain imported $408M in Special Pharmaceuticals, mainly from Germany ($89.6M), Ireland ($43.1M), United States ($41.1M), Denmark ($37.4M), and Austria ($31.9M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Spain WERE (2022 - 2023):
United States$16.7M (22.2%)
Japan$6.64M (52%)
Portugal$5.14M (24.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Spain WERE (2022 - 2023):
United Kingdom-$2.08M (-12.3%)
Australia-$1.67M (-25.6%)
South Africa-$1.42M (-53.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Special Pharmaceuticals were:
Germany $3.28B
United States $2.16B
Netherlands $1.28B
In 2023, Spain's main importing competitors in Special Pharmaceuticals were:
United States $3.5B
China $1.3B
Germany $1.2B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $19.1M
TOP IMPORT POTENTIALFrance+ $14.4M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $19.1M.   Special Pharmaceuticals’s highest import potential is France with an import gap of $14.4M.

See methodology.

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