In 2023, Latin America and the Caribbean had a trade deficit in pharmaceutical products, with pharmaceutical imports surpassing exports by approximately 29.8 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.
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. (March 31, 2025). Trade balance of pharmaceutical products in Latin America and the Caribbean from 2018 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 04, 2025, 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. March 31, 2025. Statista. Accessed May 04, 2025. https://www.statista.com/statistics/1448643/latin-america-the-caribbean-trade-balance-pharmaceutical-products/
Trade Map. (2025). Trade balance of pharmaceutical products in Latin America and the Caribbean from 2018 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 04, 2025. 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., 31 Mar 2025, 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 May 04, 2025)
Trade balance of pharmaceutical products in Latin America and the Caribbean from 2018 to 2023 (in billion U.S. dollars) [Graph], Trade Map, March 31, 2025. [Online]. Available: https://www.statista.com/statistics/1448643/latin-america-the-caribbean-trade-balance-pharmaceutical-products/
