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Who buys Spain’s medicines? Export destinations 2024

In 2024, Spain exported $14.9 billion of medicines (274 thousand tonnes), 3.1% of the world total. Its main destinations were Switzerland (25%), Germany (12%) and the United States (8%). Spain was the world’s 11th-largest exporter of medicines.

Summary

Value
$14.9billion
Tonnes
274thousand tonnes
Share of world total
3.1%
World rank
11th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Switzerland3.7Tonnes: 5,440USD per tonne: $675,82524.7%Air
Germany1.7Tonnes: 41,501USD per tonne: $41,29111.5%Sea
United States1.2Tonnes: 20,841USD per tonne: $57,8038.1%Air
China0.8Tonnes: 1,618USD per tonne: $494,7735.4%Air
Italy0.77Tonnes: 16,818USD per tonne: $45,5415.2%Sea
France0.75Tonnes: 32,161USD per tonne: $23,3225%Land
United Kingdom0.61Tonnes: 12,206USD per tonne: $49,6254.1%Sea
Portugal0.42Tonnes: 8,840USD per tonne: $47,5202.8%Land
Poland0.38Tonnes: 23,458USD per tonne: $16,2732.6%Sea
Brazil0.26Tonnes: 3,470USD per tonne: $74,2071.7%Air
Mexico0.23Tonnes: 2,540USD per tonne: $88,9301.5%Air
Canada0.21Tonnes: 1,298USD per tonne: $161,9771.4%Air
Belgium re-exports0.21Tonnes: 14,188USD per tonne: $14,5131.4%Sea
Japan0.16Tonnes: 1,179USD per tonne: $138,8071.1%Air
Netherlands re-exports0.16Tonnes: 3,114USD per tonne: $51,4341.1%Air
Denmark0.16Tonnes: 714USD per tonne: $222,8181.1%Air
Austria0.16Tonnes: 1,453USD per tonne: $108,5331.1%Air
Czechia0.16Tonnes: 6,026USD per tonne: $26,0481.1%Sea
Australia0.14Tonnes: 2,051USD per tonne: $67,8960.95%Air
South Korea0.13Tonnes: 1,643USD per tonne: $79,9360.88%Air

Trend

Who it sells to

Switzerland has been its main destination since 2010

Value in USD billions. The five largest destinations in 2024.

  • Switzerland 3.7
  • Germany 1.7
  • United States 1.2
  • China 0.8
  • Italy 0.77

Source: CEPII BACI

Show the numbers
Partner19952024
Switzerland0.023.7
Germany0.111.7
United States< 0.011.2
China< 0.010.8
Italy0.020.77

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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