2023
Exports
$477MWorld Rnk 48 / 214
Flag Rnk 13 / 1150
2023
PRODUCT COMPLEXITY IN Packaged Medicaments
0.63Rnk 313 / 1025
2023
Imports
$2.16BWorld Rnk 34 / 226
Flag Rnk 5 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $477M in Packaged Medicaments, making it the 48th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 13th most exported product in Colombia. The main destination of Packaged Medicaments exports from Colombia are: Ecuador ($142M), Peru ($52.9M), Panama ($36M), Honduras ($35.2M), and Guatemala ($28.8M).

The fastest growing export markets for Packaged Medicaments of Colombia between 2022 and 2023 were Honduras ($27.8M), Ecuador ($10.5M), and United States ($9.57M).

Imports In 2023, Colombia imported $2.16B in Packaged Medicaments, becoming the 34th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Colombia. Colombia imports Packaged Medicaments primarily from: United States ($428M), Germany ($355M), Mexico ($153M), Italy ($117M), and France ($106M).

The fastest growing import markets in Packaged Medicaments for Colombia between 2022 and 2023 were United States ($79.1M), Spain ($67.1M), and Sweden ($43.5M).

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 Packaged 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)$477M
IMPORTS (2023)$2.16B
NET TRADE (2023)-$1.69B

In 2023, Colombia exported $477M in Packaged Medicaments. The main destinations of Colombia exports on Packaged Medicaments were Ecuador ($142M), Peru ($52.9M), Panama ($36M), Honduras ($35.2M), and Guatemala ($28.8M).

In 2023, Colombia imported $2.16B in Packaged Medicaments, mainly from United States ($428M), Germany ($355M), Mexico ($153M), Italy ($117M), and France ($106M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Honduras$27.8M (372%)
Ecuador$10.5M (8.04%)
United States$9.57M (736%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Colombia WERE (2022 - 2023):
Chile-$2.79M (-10.2%)
Malaysia-$1.94M (-83.1%)
Bolivia-$1.13M (-11.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $13.3M
TOP IMPORT POTENTIALUnited States+ $95.7M

Packaged Medicaments’s highest export potential is Brazil. With an export gap of $13.3M.   Packaged Medicaments’s highest import potential is United States with an import gap of $95.7M.

See methodology.

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