In 2023, Latin America and the Caribbean had a trade deficit in pharmaceutical products, with pharmaceutical imports surpassing exports by approximately 29.5 billion U.S. dollars. This deficit marked the second-largest trade gap in the region. The only year that exceeded this deficit was 2021, where imports exceeded exports by around 30 billion U.S. dollars, representing the largest deficit observed during the depicted period.
Trade balance of pharmaceutical products in Latin America and the Caribbean from 2018 to 2023
(in billion U.S. dollars)
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Trade Map. (July 9, 2024). Trade balance of pharmaceutical products in Latin America and the Caribbean from 2018 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1448643/latin-america-the-caribbean-trade-balance-pharmaceutical-products/
Trade Map. "Trade balance of pharmaceutical products in Latin America and the Caribbean from 2018 to 2023 (in billion U.S. dollars)." Chart. July 9, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1448643/latin-america-the-caribbean-trade-balance-pharmaceutical-products/
Trade Map. (2024). Trade balance of pharmaceutical products in Latin America and the Caribbean from 2018 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1448643/latin-america-the-caribbean-trade-balance-pharmaceutical-products/
Trade Map. "Trade Balance of Pharmaceutical Products in Latin America and The Caribbean from 2018 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 9 Jul 2024, https://www.statista.com/statistics/1448643/latin-america-the-caribbean-trade-balance-pharmaceutical-products/
Trade Map, Trade balance of pharmaceutical products in Latin America and the Caribbean from 2018 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1448643/latin-america-the-caribbean-trade-balance-pharmaceutical-products/ (last visited November 21, 2024)
Trade balance of pharmaceutical products in Latin America and the Caribbean from 2018 to 2023 (in billion U.S. dollars) [Graph], Trade Map, July 9, 2024. [Online]. Available: https://www.statista.com/statistics/1448643/latin-america-the-caribbean-trade-balance-pharmaceutical-products/
