2023
Exports
$6.29MWorld Rnk 54 / 190
Flag Rnk 297 / 1150
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.53Rnk 356 / 1025
2023
Imports
$123MWorld Rnk 25 / 220
Flag Rnk 106 / 1192
2023
ECONOMIC COMPLEXITY of Colombia
0.23Rnk 51 / 132

About

Exports In 2023, Colombia exported $6.29M in Special Pharmaceuticals, making it the 54th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 297th most exported product in Colombia. The main destination of Special Pharmaceuticals exports from Colombia are: Ecuador ($1.3M), United States ($975k), Uruguay ($830k), Peru ($684k), and Chile ($455k).

The fastest growing export markets for Special Pharmaceuticals of Colombia between 2022 and 2023 were Uruguay ($448k), Honduras ($198k), and El Salvador ($71k).

Imports In 2023, Colombia imported $123M in Special Pharmaceuticals, becoming the 25th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 106th most imported product in Colombia. Colombia imports Special Pharmaceuticals primarily from: United States ($20.1M), Brazil ($16M), Germany ($13.9M), Mexico ($9.76M), and France ($9.05M).

The fastest growing import markets in Special Pharmaceuticals for Colombia between 2022 and 2023 were France ($6.76M), Chinese Taipei ($3.01M), and Germany ($2.19M).

Latest Trends

Jan 2025

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 (2023)$6.29M
IMPORTS (2023)$123M
NET TRADE (2023)-$117M

In 2023, Colombia exported $6.29M in Special Pharmaceuticals. The main destinations of Colombia exports on Special Pharmaceuticals were Ecuador ($1.3M), United States ($975k), Uruguay ($830k), Peru ($684k), and Chile ($455k).

In 2023, Colombia imported $123M in Special Pharmaceuticals, mainly from United States ($20.1M), Brazil ($16M), Germany ($13.9M), Mexico ($9.76M), and France ($9.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Colombia WERE (2022 - 2023):
Uruguay$448k (117%)
Honduras$198k (1.01k%)
El Salvador$71k (46.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Colombia WERE (2022 - 2023):
Costa Rica-$1.36M (-79.9%)
Peru-$999k (-59.4%)
Ecuador-$567k (-30.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Colombia's main exporting competitors in Special Pharmaceuticals were:
In 2023, 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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