Packaged Medicaments in Venezuela | The Observatory of Economic Complexity

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Exports In 2022, Venezuela exported $3.19M in Packaged Medicaments, making it the 115th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 58th most exported product in Venezuela. The main destination of Packaged Medicaments exports from Venezuela are: Ecuador ($1.82M), Bahamas ($350k), Nicaragua ($315k), El Salvador ($179k), and Guatemala ($178k).

The fastest growing export markets for Packaged Medicaments of Venezuela between 2021 and 2022 were Ecuador ($1.55M), Bahamas ($350k), and Nicaragua ($235k).

Imports In 2022, Venezuela imported $181M in Packaged Medicaments, becoming the 114th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most imported product in Venezuela. Venezuela imports Packaged Medicaments primarily from: India ($92.3M), China ($25.7M), Colombia ($12.6M), Brazil ($7.57M), and United States ($7.52M).

The fastest growing import markets in Packaged Medicaments for Venezuela between 2021 and 2022 were India ($25.9M), United States ($5.24M), and Argentina ($1.97M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Packaged Medicaments from Venezuela to the United States.

Feb 2024

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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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EXPORTS (2022)$3.19M

IMPORTS (2022)$181M

NET TRADE (2022)-$178M

In 2022, Venezuela exported $3.19M in Packaged Medicaments. The main destinations of Venezuela exports on Packaged Medicaments were Ecuador ($1.82M), Bahamas ($350k), Nicaragua ($315k), El Salvador ($179k), and Guatemala ($178k).

In 2022, Venezuela imported $181M in Packaged Medicaments, mainly from India ($92.3M), China ($25.7M), Colombia ($12.6M), Brazil ($7.57M), and United States ($7.52M).