Pharmaceutical Products
Code 30 (Harmonized System 2012 by 2 digits)
In 2024, the main commercial destinations of Pharmaceutical Products were United States (US$1.34B), Colombia (US$261M), Canada (US$234M), Panama (US$133M), and Brazil (US$93.2M).
The main commercial origins of Pharmaceutical Products in 2024 were United States (US$1.56B), Germany (US$1.35B), Puerto Rico (US$656M), France (US$638M), and Switzerland (US$617M).
In the global context, the main exporting countries of Pharmaceutical Products in 2022 were Germany (US$123B), United States (US$93.6B), and Ireland (US$86.3B). In the same year, the main importing countries of Pharmaceutical Products were N/A.
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionThe visualizations show the net balance of Pharmaceutical Products at the level of states and countries. Colors more similar to blue, indicate that the territory presented a higher level of international sales. Colors more similar to red, indicate that the territory presented a higher level of international purchases.
Net International Trade
#permalink to sectionMay, 2025
- US$192M, International Sales
- US$821M, International Purchases
In May 2025, international sales of Pharmaceutical Products were US$192M and a total of US$821M in international purchases. For this month the net trade balance of Pharmaceutical Products it was of -US$628M.
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionUnited States: US$1.34B, Main commercial destination (2024)
In 2024, the countries with the most international purchases from Mexico were United States (US$1.34B), Colombia (US$261M), Canada (US$234M), Panama (US$133M), and Brazil (US$93.2M).
International Purchases
#permalink to sectionUnited States: US$1.56B, Main Commercial Origin (2024)
The countries with the most international sales to Mexico in 2024 were United States (US$1.56B), Germany (US$1.35B), Puerto Rico (US$656M), France (US$638M), and Switzerland (US$617M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Pharmaceutical Products and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Pharmaceutical Products. On the other hand, high levels of complexity (ECI) are associated with higher levels of income, potential for economic growth, lower income inequality and lower emissions.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- N/A%, Mexican share in global exports - 2022
- N/A%, Mexican share in global imports - 2022
The visualizations show the global market for Pharmaceutical Products. In both charts, Mexico stands out in order to identify its participation in the export and import market.
In 2022, the main exporting countries of Pharmaceutical Products were Germany (US$123B), United States (US$93.6B), and Ireland (US$86.3B). In the same year, the main importing countries for Pharmaceutical Products were N/A.