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2022
Exports $434MWorld Rnk 12 / 199
Flag Rnk 204 / 1214
2022
Destination $8.11M United States
2021 - 2022
FASTEST GROWING MARKET $8.11MJapan
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $345MWorld Rnk 13 / 220
Flag Rnk 249 / 1214
2022
Origin $10.3M Germany
2021 - 2022
FASTEST GROWING ORIGIN $10.3MUnited States
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $434M in Special Pharmaceuticals, making it the 12th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 204th most exported product in Spain. The main destination of Special Pharmaceuticals exports from Spain are: United States ($71.3M), Germany ($36.2M), China ($27.8M), Portugal ($23.4M), and France ($23.4M).

The fastest growing export markets for Special Pharmaceuticals of Spain between 2021 and 2022 were Japan ($8.11M), United Kingdom ($6.99M), and China ($5.68M).

Imports In 2022, Spain imported $345M in Special Pharmaceuticals, becoming the 13th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 249th most imported product in Spain. Spain imports Special Pharmaceuticals primarily from: Germany ($76.6M), France ($41.7M), Belgium ($34.5M), Italy ($23.5M), and Ireland ($22.8M).

The fastest growing import markets in Special Pharmaceuticals for Spain between 2021 and 2022 were United States ($10.3M), Denmark ($7.75M), and Austria ($2.76M).

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

October 2024

About

Overview In October 2024 Spain's Special Pharmaceuticals exports accounted up to €55.2M and imports accounted up to €38.5M, resulting in a positive trade balance of €16.8M. Between October 2023 and October 2024 the exports of Spain's   Special Pharmaceuticals have increased by €26.5M (92.2%) from €28.7M to €55.2M, while imports increased by €3.11M (8.79%) from €35.4M to €38.5M.

Destinations In October 2024, Special Pharmaceuticals were exported mostly to United States (€21.2M), Germany (€4.07M), Portugal (€3.21M), Italy (€2.57M), and France (€2.3M), and were imported mostly from Germany (€6.23M), Hungary (€4.98M), Ireland (€4.13M), United States (€4.09M), and Italy (€3.22M).

Growth In October 2024, the increase in Special Pharmaceuticals's year-by-year exports was explained primarily by an increase in exports to Mexico (€1.28M or 1.07k%), Italy (€1.17M or 140%), and Germany (€1.16M or 69.6%). In October 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 (October 2023 - October 2024)€26.5M(92.2%)
IMPORT GROWTH (October 2023 - October 2024)€3.11M(8.79%)
MAIN EXPORTER (October 2024)Madrid€32.7M
MAIN DESTINATION (October 2024)United States€21.2M

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 (2022)$434M
IMPORTS (2022)$345M
NET TRADE (2022)$88.7M

In 2022, Spain exported $434M in Special Pharmaceuticals. The main destinations of Spain exports on Special Pharmaceuticals were United States ($71.3M), Germany ($36.2M), China ($27.8M), Portugal ($23.4M), and France ($23.4M).

In 2022, Spain imported $345M in Special Pharmaceuticals, mainly from Germany ($76.6M), France ($41.7M), Belgium ($34.5M), Italy ($23.5M), and Ireland ($22.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Japan$8.11M (172%)
United Kingdom$6.99M (86%)
China$5.68M (25.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Spain WERE (2021 - 2022):
Italy-$5.77M (-21.2%)
Germany-$4.14M (-10.3%)
Ukraine-$1.58M (-69.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, Spain's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
Belgium $1.22B
China $1.01B

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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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