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2022
Exports $527MWorld Rnk 8 / 157
Flag Rnk 167 / 1214
2022
Destination $23.6M Germany
2021 - 2022
FASTEST GROWING MARKET $23.6MGermany
2022
PRODUCT COMPLEXITY IN Unpackaged Medicaments0.61Rnk 312 / 1025
2022
Imports $603MWorld Rnk 5 / 215
Flag Rnk 154 / 1214
2022
Origin $299M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $299MSwitzerland
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $527M in Unpackaged Medicaments, making it the 8th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 167th most exported product in Spain. The main destination of Unpackaged Medicaments exports from Spain are: Germany ($128M), Italy ($59.3M), France ($50.6M), Austria ($32.6M), and Netherlands ($31.4M).

The fastest growing export markets for Unpackaged Medicaments of Spain between 2021 and 2022 were Germany ($23.6M), France ($12M), and Italy ($10.5M).

Imports In 2022, Spain imported $603M in Unpackaged Medicaments, becoming the 5th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 154th most imported product in Spain. Spain imports Unpackaged Medicaments primarily from: Switzerland ($440M), China ($25.8M), India ($18.6M), Italy ($18.6M), and Hungary ($17.1M).

The fastest growing import markets in Unpackaged Medicaments for Spain between 2021 and 2022 were Switzerland ($299M), China ($11.5M), and Italy ($8.79M).

Latest Trends

August 2024

About

Overview In August 2024 Spain's Unpackaged Medicaments exports accounted up to €15.7M and imports accounted up to €44.5M, resulting in a negative trade balance of €28.7M. Between August 2023 and August 2024 the exports of Spain's   Unpackaged Medicaments have decreased by €-34.7M (-68.8%) from €50.4M to €15.7M, while imports increased by €26.9M (154%) from €17.5M to €44.5M.

Destinations In August 2024, Unpackaged Medicaments were exported mostly to Austria (€3.34M), Italy (€2.06M), Germany (€2.03M), Ireland (€1.67M), and China (€1.37M), and were imported mostly from Switzerland (€27.7M), Germany (€4.96M), Italy (€3.95M), Poland (€1.41M), and China (€1.07M).

Growth In August 2024, the decrease in Unpackaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Netherlands (€-3.01M or -54.1%), Belgium (€-2.66M or -70.4%), and Czechia (€-1.95M or -82.3%). In August 2024, the increase in Unpackaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Germany (€1.78M or 51.3%), Belgium (€1.31M or 561%), and Poland (€1.01M or 163%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-34.7M(-68.8%)
IMPORT GROWTH (August 2023 - August 2024)€26.9M(154%)
MAIN EXPORTER (August 2024)Barcelona€55.8M
MAIN DESTINATION (August 2024)Austria€3.34M

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 (2022)$527M
IMPORTS (2022)$603M
NET TRADE (2022)-$76.2M

In 2022, Spain exported $527M in Unpackaged Medicaments. The main destinations of Spain exports on Unpackaged Medicaments were Germany ($128M), Italy ($59.3M), France ($50.6M), Austria ($32.6M), and Netherlands ($31.4M).

In 2022, Spain imported $603M in Unpackaged Medicaments, mainly from Switzerland ($440M), China ($25.8M), India ($18.6M), Italy ($18.6M), and Hungary ($17.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Germany$23.6M (22.5%)
France$12M (31.1%)
Italy$10.5M (21.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Spain WERE (2021 - 2022):
Netherlands-$19.9M (-38.8%)
Ireland-$14.7M (-65.9%)
Belgium-$10.9M (-49.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Unpackaged Medicaments were:
United States $1.31B
Israel $1.25B
China $1.05B
In 2022, Spain's main importing competitors in Unpackaged Medicaments were:
United States $1.37B
United Kingdom $1.35B
Germany $971M

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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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