NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $4.7BWorld Rnk 22 / 225
Flag Rnk 4 / 96
2023
Destination $859M Canada
2022 - 2023
FASTEST GROWING MARKET $859MUnited States
2023
PRODUCT COMPLEXITY IN Pharmaceutical products1.25Rnk 89 / 1025
2023
Imports $3.9BWorld Rnk 33 / 226
Flag Rnk 6 / 96
2023
Origin $61.8M Germany
2022 - 2023
FASTEST GROWING ORIGIN $61.8MSouth Korea
2023
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 132

About

Exports In 2023, Portugal exported $4.7B in Pharmaceutical products, making it the 22nd largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 4th most exported product in Portugal. The main destination of Pharmaceutical products exports from Portugal are: Canada ($1.77B), United States ($1.39B), Germany ($259M), United Kingdom ($105M), and Ireland ($104M).

The fastest growing export markets for Pharmaceutical products of Portugal between 2022 and 2023 were United States ($859M), Canada ($841M), and Belgium ($39.6M).

Imports In 2023, Portugal imported $3.9B in Pharmaceutical products, becoming the 33rd largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 6th most imported product in Portugal. Portugal imports Pharmaceutical products primarily from: Germany ($795M), Spain ($490M), Belgium ($490M), Netherlands ($414M), and France ($367M).

The fastest growing import markets in Pharmaceutical products for Portugal between 2022 and 2023 were South Korea ($61.8M), France ($59.9M), and Switzerland ($56.9M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (16) were at the forefront of shipping Pharmaceutical products from Portugal to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Portugal's Pharmaceutical products exports accounted up to €214M and imports accounted up to €878M, resulting in a negative trade balance of €664M. Between November 2023 and November 2024 the exports of Portugal's   Pharmaceutical products have increased by €47.3M (28.3%) from €167M to €214M, while imports increased by €566M (181%) from €312M to €878M.

Destinations In November 2024, Pharmaceutical products were exported mostly to Germany (€77.3M), United States (€36.1M), Belgium (€15M), France (€13.6M), and Spain (€9.59M), and were imported mostly from Ireland (€562M), Germany (€51M), Belgium (€45.6M), Spain (€35.7M), and France (€32.6M).

Growth In November 2024, the increase in Pharmaceutical products's year-by-year exports was explained primarily by an increase in exports to United States (€9.15M or 54.1%), Switzerland (€7.38M or 521%), and Italy (€3.94M or 85%). In November 2024, the increase in Pharmaceutical products's year-by-year imports was explained primarily by an increase in imports from Italy (€18.4M or 208%), Netherlands (€10M or 40.3%), and Switzerland (€7.77M or 57.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€47.3M(28.3%)
IMPORT GROWTH (November 2023 - November 2024)€566M(181%)
MAIN DESTINATION (November 2024)Germany€77.3M

This section shows Pharmaceutical products's exports and imports data at subnational level for Portugal. 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 Pharmaceutical products over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$4.7B
IMPORTS (2023)$3.9B
NET TRADE (2023)$801M

In 2023, Portugal exported $4.7B in Pharmaceutical products. The main destinations of Portugal exports on Pharmaceutical products were Canada ($1.77B), United States ($1.39B), Germany ($259M), United Kingdom ($105M), and Ireland ($104M).

In 2023, Portugal imported $3.9B in Pharmaceutical products, mainly from Germany ($795M), Spain ($490M), Belgium ($490M), Netherlands ($414M), and France ($367M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Portugal WERE (2022 - 2023):
United States$859M (160%)
Canada$841M (90.5%)
Belgium$39.6M (71%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Portugal WERE (2022 - 2023):
Australia-$65.5M (-92.7%)
Singapore-$33.1M (-96.8%)
Angola-$17.9M (-17.1%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Portugal's main exporting competitors in Pharmaceutical products were:
Germany $115B
United States $100B
Ireland $92B
In 2023, Portugal's main importing competitors in Pharmaceutical products were:
United States $170B
Germany $71.1B
Switzerland $58.2B

Explore Visualizations

Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $103M
TOP IMPORT POTENTIALSpain+ $171M

Pharmaceutical products’s highest export potential is Germany. With an export gap of $103M.   Pharmaceutical products’s highest import potential is Spain with an import gap of $171M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms