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2022
Exports $2.26BWorld Rnk 28 / 223
Flag Rnk 9 / 96
falsefalse United States
2022
PRODUCT COMPLEXITY IN Pharmaceutical products1.38Rnk 75 / 1025
2022
Imports $3.68BWorld Rnk 34 / 226
Flag Rnk 7 / 96
2022
ECONOMIC COMPLEXITY of Portugal0.57Rnk 42 / 133

About

Exports In 2022, Portugal exported $2.26B in Pharmaceutical products, making it the 28th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most exported product in Portugal. The main destination of Pharmaceutical products exports from Portugal are: United States ($584M), Canada ($352M), Germany ($290M), Ireland ($127M), and Spain ($98.4M).

Imports In 2022, Portugal imported $3.68B in Pharmaceutical products, becoming the 34th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 7th most imported product in Portugal. Portugal imports Pharmaceutical products primarily from: Germany ($720M), Belgium ($522M), Spain ($479M), Switzerland ($360M), and Netherlands ($315M).

The fastest growing import markets in Pharmaceutical products for Portugal between 2021 and 2022 were Belgium ($91M), Sweden ($46.7M), and Spain ($40.6M).

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

August 2024

About

Overview In August 2024 Portugal's Pharmaceutical products exports accounted up to €144M and imports accounted up to €318M, resulting in a negative trade balance of €174M. Between August 2023 and August 2024 the exports of Portugal's   Pharmaceutical products have increased by €5.26M (3.78%) from €139M to €144M, while imports increased by €9.89M (3.21%) from €308M to €318M.

Destinations In August 2024, Pharmaceutical products were exported mostly to United States (€28.9M), Germany (€28.8M), South Korea (€12.4M), Ireland (€11M), and France (€8.59M), and were imported mostly from Germany (€57.3M), Spain (€50.2M), Belgium (€38.9M), France (€33.1M), and South Korea (€28.8M).

Growth In August 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 August 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 (August 2023 - August 2024)€5.26M(3.78%)
IMPORT GROWTH (August 2023 - August 2024)€9.89M(3.21%)
MAIN DESTINATION (August 2024)United States€28.9M

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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.26B
IMPORTS (2022)$3.68B
NET TRADE (2022)-$1.42B

In 2022, Portugal exported $2.26B in Pharmaceutical products. The main destinations of Portugal exports on Pharmaceutical products were United States ($584M), Canada ($352M), Germany ($290M), Ireland ($127M), and Spain ($98.4M).

In 2022, Portugal imported $3.68B in Pharmaceutical products, mainly from Germany ($720M), Belgium ($522M), Spain ($479M), Switzerland ($360M), and Netherlands ($315M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Portugal's main exporting competitors in Pharmaceutical products were:
Germany $125B
Switzerland $93.8B
United States $90B
In 2022, Portugal's main importing competitors in Pharmaceutical products were:
United States $168B
Germany $71.1B
Switzerland $48.5B

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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.

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