2022
Exports
$474MWorld Rnk 11 / 199
Flag Rnk 147 / 1193
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$211MWorld Rnk 18 / 220
Flag Rnk 319 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $474M in Special Pharmaceuticals, making it the 11th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 147th most exported product in Mexico. The main destination of Special Pharmaceuticals exports from Mexico are: Japan ($107M), Singapore ($82.9M), United States ($62.3M), China ($32.3M), and Belgium ($29.8M).

The fastest growing export markets for Special Pharmaceuticals of Mexico between 2021 and 2022 were United Kingdom ($22.5M), United States ($17M), and Belgium ($8.82M).

Imports In 2022, Mexico imported $211M in Special Pharmaceuticals, becoming the 18th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 319th most imported product in Mexico. Mexico imports Special Pharmaceuticals primarily from: United States ($74.3M), Netherlands ($33.7M), Germany ($24.9M), Spain ($13.9M), and Belgium ($10.4M).

The fastest growing import markets in Special Pharmaceuticals for Mexico between 2021 and 2022 were United States ($12.4M), Netherlands ($10.5M), and Hungary ($6.24M).

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)$474M
IMPORTS (2022)$211M
NET TRADE (2022)$263M

In 2022, Mexico exported $474M in Special Pharmaceuticals. The main destinations of Mexico exports on Special Pharmaceuticals were Japan ($107M), Singapore ($82.9M), United States ($62.3M), China ($32.3M), and Belgium ($29.8M).

In 2022, Mexico imported $211M in Special Pharmaceuticals, mainly from United States ($74.3M), Netherlands ($33.7M), Germany ($24.9M), Spain ($13.9M), and Belgium ($10.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United Kingdom$22.5M (5.26k%)
United States$17M (37.5%)
Belgium$8.82M (42.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Mexico WERE (2021 - 2022):
Saudi Arabia-$5.89M (-100%)
Russia-$4.68M (-100%)
Austria-$1.83M (-99.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Special Pharmaceuticals were:
In 2022, Mexico'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+ $77.6M
TOP IMPORT POTENTIALUnited States+ $18.6M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $77.6M.   Special Pharmaceuticals’s highest import potential is United States with an import gap of $18.6M.

See methodology.

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