2023
Exports
$2.97BWorld Rnk 2 / 168
Flag Rnk 3 / 1213
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments
0.55Rnk 344 / 1025
2023
Imports
$67.3MWorld Rnk 34 / 220
Flag Rnk 320 / 1211
2023
ECONOMIC COMPLEXITY of Portugal
0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $2.97B in Unpackaged Medicaments, making it the 2nd largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 3rd most exported product in Portugal. The main destination of Unpackaged Medicaments exports from Portugal are: Canada ($1.75B), United States ($1.07B), Ireland ($48.3M), Switzerland ($34.5M), and United Kingdom ($16M).

The fastest growing export markets for Unpackaged Medicaments of Portugal between 2022 and 2023 were Canada ($839M), United States ($725M), and Switzerland ($24.8M).

Imports In 2023, Portugal imported $67.3M in Unpackaged Medicaments, becoming the 34th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 320th most imported product in Portugal. Portugal imports Unpackaged Medicaments primarily from: Denmark ($16M), Ireland ($12.3M), Spain ($11M), Italy ($8.9M), and Germany ($3.08M).

The fastest growing import markets in Unpackaged Medicaments for Portugal between 2022 and 2023 were Ireland ($11.7M), Italy ($7.43M), and Spain ($3.2M).

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 Unpackaged 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)$2.97B
IMPORTS (2023)$67.3M
NET TRADE (2023)$2.9B

In 2023, Portugal exported $2.97B in Unpackaged Medicaments. The main destinations of Portugal exports on Unpackaged Medicaments were Canada ($1.75B), United States ($1.07B), Ireland ($48.3M), Switzerland ($34.5M), and United Kingdom ($16M).

In 2023, Portugal imported $67.3M in Unpackaged Medicaments, mainly from Denmark ($16M), Ireland ($12.3M), Spain ($11M), Italy ($8.9M), and Germany ($3.08M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
Canada$839M (91.7%)
United States$725M (213%)
Switzerland$24.8M (255%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Portugal WERE (2022 - 2023):
Germany-$11.4M (-65.2%)
Czechia-$5.25M (-91.6%)
Tunisia-$1.35M (-82.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Portugal's main exporting competitors in Unpackaged Medicaments were:
In 2023, Portugal's main importing competitors in Unpackaged Medicaments were:

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $11.9M
TOP IMPORT POTENTIALSpain+ $3.71M

Unpackaged Medicaments’s highest export potential is Germany. With an export gap of $11.9M.   Unpackaged Medicaments’s highest import potential is Spain with an import gap of $3.71M.

See methodology.

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