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2023
Exports $365MWorld Rnk 12 / 168
Flag Rnk 222 / 1215
2023
Destination $44.3M Italy
2022 - 2023
FASTEST GROWING MARKET $44.3MItaly
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.55Rnk 344 / 1025
2023
Imports $578MWorld Rnk 6 / 220
Flag Rnk 155 / 1214
2023
Origin $14.6M Switzerland
2022 - 2023
FASTEST GROWING ORIGIN $14.6MPoland
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $365M in Unpackaged Medicaments, making it the 12th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 222nd most exported product in Spain. The main destination of Unpackaged Medicaments exports from Spain are: Italy ($71.4M), Germany ($54.7M), United States ($32.6M), Austria ($31.7M), and Ireland ($30.9M).

The fastest growing export markets for Unpackaged Medicaments of Spain between 2022 and 2023 were Italy ($44.3M), Germany ($24.5M), and United States ($24M).

Imports In 2023, Spain imported $578M in Unpackaged Medicaments, becoming the 6th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 155th most imported product in Spain. Spain imports Unpackaged Medicaments primarily from: Switzerland ($301M), Germany ($60.8M), China ($26.2M), Netherlands ($24.7M), and Poland ($24.6M).

The fastest growing import markets in Unpackaged Medicaments for Spain between 2022 and 2023 were Poland ($14.6M), Germany ($13.3M), and Chile ($7.14M).

Latest Trends

December 2024

About

Overview In December 2024 Spain's Unpackaged Medicaments exports accounted up to €45.8M and imports accounted up to €19.7M, resulting in a positive trade balance of €26.1M. Between December 2023 and December 2024 the exports of Spain's   Unpackaged Medicaments have decreased by €-18.3M (-28.6%) from €64.2M to €45.8M, while imports decreased by €-48.4M (-71%) from €68.1M to €19.7M.

Destinations In December 2024, Unpackaged Medicaments were exported mostly to Germany (€8.71M), Netherlands (€5.62M), Ireland (€4.79M), Italy (€4.77M), and France (€3.88M), and were imported mostly from Italy (€4.2M), Germany (€4.19M), Croatia (€3.05M), India (€1.28M), and China (€868k).

Growth In December 2024, the decrease in Unpackaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to United States (€-772k or -74.5%), Mexico (€-678k or -92.3%), and Poland (€-587k or -20%). In December 2024, the decrease in Unpackaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Switzerland (€-27.9M or -99.8%), Hungary (€-1.62M or -83.7%), and India (€-1.24M or -72.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€-18.3M(-28.6%)
IMPORT GROWTH (December 2023 - December 2024)€-48.4M(-71%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Germany€8.71M

This section shows Unpackaged Medicaments's exports and imports data at subnational level for Spain. 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 Unpackaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$365M
IMPORTS (2023)$578M
NET TRADE (2023)-$213M

In 2023, Spain exported $365M in Unpackaged Medicaments. The main destinations of Spain exports on Unpackaged Medicaments were Italy ($71.4M), Germany ($54.7M), United States ($32.6M), Austria ($31.7M), and Ireland ($30.9M).

In 2023, Spain imported $578M in Unpackaged Medicaments, mainly from Switzerland ($301M), Germany ($60.8M), China ($26.2M), Netherlands ($24.7M), and Poland ($24.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Italy$44.3M (163%)
Germany$24.5M (81.2%)
United States$24M (276%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Spain WERE (2022 - 2023):
France-$6.46M (-37.1%)
Mexico-$3.16M (-49.3%)
Slovakia-$3.03M (-75.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Unpackaged Medicaments were:
Ireland $3.03B
Portugal $2.97B
United States $2.92B
In 2023, Spain's main importing competitors in Unpackaged Medicaments were:
Belgium $3.73B
United States $2.15B
Canada $1.87B

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.7M
TOP IMPORT POTENTIALChina+ $11.9M

Unpackaged Medicaments’s highest export potential is United States. With an export gap of $10.7M.   Unpackaged Medicaments’s highest import potential is China with an import gap of $11.9M.

See methodology.

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