2023
Exports
$255MWorld Rnk 58 / 214
Flag Rnk 47 / 1133
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$1.39BWorld Rnk 49 / 226
Flag Rnk 7 / 1199
2023
ECONOMIC COMPLEXITY of Chile
-0.2Rnk 72 / 132

About

Exports In 2023, Chile exported $255M in Packaged Medicaments, making it the 58th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 47th most exported product in Chile. The main destination of Packaged Medicaments exports from Chile are: Ecuador ($53M), Germany ($28.1M), Bolivia ($23.1M), Paraguay ($19.5M), and Peru ($17.5M).

The fastest growing export markets for Packaged Medicaments of Chile between 2022 and 2023 were Germany ($20.5M), Australia ($7.58M), and El Salvador ($4.32M).

Imports In 2023, Chile imported $1.39B in Packaged Medicaments, becoming the 49th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most imported product in Chile. Chile imports Packaged Medicaments primarily from: Germany ($208M), India ($160M), United States ($145M), Denmark ($116M), and France ($95.1M).

The fastest growing import markets in Packaged Medicaments for Chile between 2022 and 2023 were Denmark ($50.8M), United States ($30.7M), and France ($19.7M).

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-3.33M(-24%)
IMPORT GROWTH (December 2023 - December 2024)$31.8M(37.7%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Ecuador$2.55M

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 (2023)$255M
IMPORTS (2023)$1.39B
NET TRADE (2023)-$1.13B

In 2023, Chile exported $255M in Packaged Medicaments. The main destinations of Chile exports on Packaged Medicaments were Ecuador ($53M), Germany ($28.1M), Bolivia ($23.1M), Paraguay ($19.5M), and Peru ($17.5M).

In 2023, Chile imported $1.39B in Packaged Medicaments, mainly from Germany ($208M), India ($160M), United States ($145M), Denmark ($116M), and France ($95.1M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Chile WERE (2022 - 2023):
Germany$20.5M (271%)
Australia$7.58M (832%)
El Salvador$4.32M (321%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Chile WERE (2022 - 2023):
Canada-$13.7M (-70%)
Ecuador-$8.01M (-13.1%)
Vietnam-$3.56M (-79.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

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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