2022
Exports
$6.82MWorld Rnk 52 / 199
Flag Rnk 283 / 1142
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$110MWorld Rnk 26 / 220
Flag Rnk 143 / 1183
2022
ECONOMIC COMPLEXITY of Colombia
0.11Rnk 58 / 133

About

Exports In 2022, Colombia exported $6.82M in Special Pharmaceuticals, making it the 52nd largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 283rd most exported product in Colombia. The main destination of Special Pharmaceuticals exports from Colombia are: Peru ($1.4M), Ecuador ($1.34M), Costa Rica ($1.18M), United States ($936k), and Chile ($546k).

The fastest growing export markets for Special Pharmaceuticals of Colombia between 2021 and 2022 were United States ($805k), Ecuador ($575k), and Costa Rica ($538k).

Imports In 2022, Colombia imported $110M in Special Pharmaceuticals, becoming the 26th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 143rd most imported product in Colombia. Colombia imports Special Pharmaceuticals primarily from: United States ($19.6M), Brazil ($18.7M), Germany ($11.9M), Mexico ($8.39M), and China ($8.27M).

The fastest growing import markets in Special Pharmaceuticals for Colombia between 2021 and 2022 were Brazil ($7.43M), United States ($3.04M), and Germany ($2.61M).

Latest Trends

Oct 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 Special Pharmaceuticals. 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 (2022)$6.82M
IMPORTS (2022)$110M
NET TRADE (2022)-$103M

In 2022, Colombia exported $6.82M in Special Pharmaceuticals. The main destinations of Colombia exports on Special Pharmaceuticals were Peru ($1.4M), Ecuador ($1.34M), Costa Rica ($1.18M), United States ($936k), and Chile ($546k).

In 2022, Colombia imported $110M in Special Pharmaceuticals, mainly from United States ($19.6M), Brazil ($18.7M), Germany ($11.9M), Mexico ($8.39M), and China ($8.27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Colombia WERE (2021 - 2022):
United States$805k (611%)
Ecuador$575k (75.1%)
Costa Rica$538k (83.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Colombia WERE (2021 - 2022):
Panama-$615k (-87.5%)
Chile-$373k (-40.6%)
Dominican Republic-$80.1k (-49.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Colombia's main exporting competitors in Special Pharmaceuticals were:
In 2022, Colombia's main importing competitors in Special Pharmaceuticals were:

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.77M
TOP IMPORT POTENTIALUnited States+ $4.84M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $1.77M.   Special Pharmaceuticals’s highest import potential is United States with an import gap of $4.84M.

See methodology.

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