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2022
Exports $219MWorld Rnk 58 / 217
Flag Rnk 51 / 1142
2022
Destination $26.4M Ecuador
2021 - 2022
FASTEST GROWING MARKET $26.4MEcuador
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $1.12BWorld Rnk 53 / 224
Flag Rnk 10 / 1203
2022
Origin $22.5M Germany
2021 - 2022
FASTEST GROWING ORIGIN $22.5MDenmark
2022
ECONOMIC COMPLEXITY of Chile-0.18Rnk 74 / 133

About

Exports In 2022, Chile exported $219M in Packaged Medicaments, making it the 58th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 51st most exported product in Chile. The main destination of Packaged Medicaments exports from Chile are: Ecuador ($60.6M), Bolivia ($23.3M), Paraguay ($21.4M), Peru ($17.8M), and Colombia ($11.2M).

The fastest growing export markets for Packaged Medicaments of Chile between 2021 and 2022 were Ecuador ($26.4M), Paraguay ($4.45M), and Czechia ($4M).

Imports In 2022, Chile imported $1.12B in Packaged Medicaments, becoming the 53rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most imported product in Chile. Chile imports Packaged Medicaments primarily from: Germany ($164M), India ($135M), United States ($112M), Switzerland ($65.3M), and Denmark ($65.1M).

The fastest growing import markets in Packaged Medicaments for Chile between 2021 and 2022 were Denmark ($22.5M), France ($9.76M), and Canada ($6.84M).

Latest Trends

August 2024

About

Overview In August 2024 Chile's Packaged Medicaments exports accounted up to $24.3M and imports accounted up to $96.2M, resulting in a negative trade balance of $72M. Between August 2023 and August 2024 the exports of Chile's   Packaged Medicaments have increased by $5.19M (27.2%) from $19.1M to $24.3M, while imports increased by $13.8M (16.8%) from $82.4M to $96.2M.

Destinations In August 2024, Packaged Medicaments were exported mostly to United Arab Emirates ($10.4M), Ecuador ($4.13M), Bolivia ($1.8M), Paraguay ($1.73M), and Peru ($1.52M), and were imported mostly from Uruguay ($17.1M), Switzerland ($15.1M), Denmark ($13.2M), Germany ($7.73M), and India ($5.45M).

Growth In August 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Paraguay ($1.7M or 398%), Bolivia ($1.04M or 153%), and Peru ($751k or 66.8%). In August 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Denmark ($10.4M or 1.38k%), Argentina ($3.41M or 173%), and France ($1.29M or 98.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$5.19M(27.2%)
IMPORT GROWTH (August 2023 - August 2024)$13.8M(16.8%)
MAIN EXPORTER (August 2024)Lampa$11.7M
MAIN DESTINATION (August 2024)United Arab Emirates$10.4M

This section shows Packaged Medicaments'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 Packaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$219M
IMPORTS (2022)$1.12B
NET TRADE (2022)-$902M

In 2022, Chile exported $219M in Packaged Medicaments. The main destinations of Chile exports on Packaged Medicaments were Ecuador ($60.6M), Bolivia ($23.3M), Paraguay ($21.4M), Peru ($17.8M), and Colombia ($11.2M).

In 2022, Chile imported $1.12B in Packaged Medicaments, mainly from Germany ($164M), India ($135M), United States ($112M), Switzerland ($65.3M), and Denmark ($65.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Chile WERE (2021 - 2022):
Ecuador$26.4M (77%)
Paraguay$4.45M (26.2%)
Czechia$4M (120%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Chile WERE (2021 - 2022):
Argentina-$7.34M (-91%)
Vietnam-$4.28M (-48.2%)
Germany-$4.08M (-84.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Chile's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, Chile's main importing competitors in Packaged Medicaments were:
United States $91.3B
Switzerland $32.9B
Germany $32B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $12.5M
TOP IMPORT POTENTIALGermany+ $57M

Packaged Medicaments’s highest export potential is United States. With an export gap of $12.5M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $57M.

See methodology.

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