Medicament Export of Chile in 2024: The Latest Trade Strategies

The medicament export of Chile has been on an upward trajectory from the previous few years. The growth rate in the global aged population and the effective production capacity of the industrial sectors has been fueling up the overall revenue rate of medicament exports. The packaged medicaments supplied to the emerging markets have decreased by 6.8% in 2024 compared to the previous year’s valuation. Pharmaceutical exports remain a small-scale and regionally focused sector of the Chile’s export economy. The trade deficit of the revenue rate indicates the heavy dependency of the country on imports, especially APIs and Finnish-branded medicaments.

The large-scale production lagging and free-trade agreements fostering regional integration with Pacific Alliance partners have led to an export trade value of medicaments from the nation worth 487 million US dollars in 2024. Import Globals with its Chile Import Data gives a detailed overview of the total amount of medicaments exported from the nation to cater to the acquisitions of the business holders regarding the valuable trade strategies they can adopt for having a positive upward trajectory in their global business expansion.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF MEDICAMENTS FROM CHILE IN 2024

The Invest Chile support and investment promotion implemented by the government authorities under the Promotion Agency has been targeting authentic support for pharmaceutical investors in 2024. The utmost aim of the initiative is to create a healthy FDI climate while broadening the manufacturing base of the nation, enabling the local repackagers of generics to have relentless access to the international market while supporting pharmaceutical exports.

The INAPL-AL Invest Verde Collaboration on IP partnered with the European Union’s AL Invest Verde Programme has promoted intellectual property awareness and protection. The initiative has been providing trademark downloads, updates on the economic impact of IP intensive industries. The export competitiveness has assured buyers of robust IP safeguards while enhancing grant value in export markets.

THE LEADING VARIANTS OF MEDICAMENTS EXPORTED FROM CHILE IN 2024

Chile right now has contracted its export focus on the medicaments trade. According to the Chile Export Data, the top 10 leading variants of medicaments exported from the nation in 2024 are,

  • Packaged Medicaments — The total valuation of Packaged Medicaments exported from Chile in 2024–87 million US dollars
  • Vitamins — The total valuation of Vitamins exported from Chile in 2024–78 million US dollars
  • Antibiotic Medicaments — The total valuation of Antibiotic Medicaments exported from Chile in 2024–68 million US dollars
  • Analgesic– The total valuation of Analgesic exported from Chile in 2024–54 million US dollars
  • Non-Alkaloid Medicaments — The total valuation of Non-Alkaloid Medicaments exported from Chile in 2024–48 million US dollars
  • Injectable and Infusion-grade Solutions — The total valuation of Injectable and Infusion-grade Solutions exported from Chile in 2024–37 million US dollars
  • Topical and Dermatological Preparations– The total valuation of Topical and Dermatological Preparations exported from Chile in 2024–28 million US dollars
  • Vaccines and Biologicals — The total valuation of Vaccines and Biologicals exported from Chile in 2024–18 million US dollars
  • Gastro-Intestinal & Metabolism Disorders– The total valuation of Gastro-Intestinal & Metabolism Disorders exported from Chile in 2024–14 million US dollars
  • Pharmaceutical Dressings– The total valuation of Pharmaceutical Dressings exported from Chile in 2024–12 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF CHILE IN 2024

Chile, being a topmost exporting authority of pharmaceuticals, has maintained stability in trade relations with most of the regions, having cost-effective pricing strategies. According to the Chile Customs Data, the top 10 export trade partners of the nation in 2024 are,

  • Ecuador — The export trade value of medicaments from Chile to Ecuador in 2024–109 million US dollars

Top 5 variants of medicaments exported

1. Tablets (coated/uncoated)

2. Capsules (hard gelatin)

3. Capsules (soft gelatin)

4. Oral suspensions

5. Oral syrups

  • Bolivia — The export trade value of medicaments from Chile to Bolivia in 2024–78 million US dollars

Top 5 variants of medicaments exported

1. Injectable solutions

2. Injectable powders for reconstitution

3. Lyophilized injectables

4. IV infusion bags

5. Transdermal patches

  • Paraguay — The export trade value of medicaments from Chile to Paraguay in 2024–69 million US dollars

Top 5 variants of medicaments exported

1. Suppositories

2. Lozenges

3. Inhalation powders

4. Metered-dose inhalers (MDIs)

5. Dry powder inhalers (DPIs)

  • Costa Rica — The export trade value of medicaments from Chile to Costa Rica in 2024–54 million US dollars

Top 5 variants of medicaments exported

1. Eye drops

2. Ear drops

3. Nasal sprays

4. Ointments

5. Creams

  • Peru– The export trade value of medicaments from Chile to Peru in 2024–48 million US dollars

Top 5 variants of medicaments exported

1. Amoxicillin tablets

2. Azithromycin capsules

3. Cefixime oral suspension

4. Ciprofloxacin tablets

5. Metronidazole IV solution

  • Colombia — The export trade value of medicaments from Chile to Colombia in 2024–37 million US dollars

Top 5 variants of medicaments exported

1. Erythromycin ointment

2. Gentamicin eye drops

3. Doxycycline capsules

4. Clindamycin IV injection

5. Fluconazole tablets

  • Argentina — The export trade value of medicaments from Chile to Argentina in 2024–29 million US dollars

Top 5 variants of medicaments exported

1. Atenolol tablets

2. Amlodipine tablets

3. Enalapril tablets

4. Metoprolol extended-release

5. Simvastatin tablets

  • Guatemala & Central America — The export trade value of medicaments from Chile to Guatemala & Central America in 2024–18 million US dollars

Top 5 variants of medicaments exported

1. Losartan potassium tablets

2. Nitroglycerin transdermal patches

3. Atorvastatin tablets

4. Clopidogrel tablets

5. Digoxin injections

  • Vietnam — The export trade value of medicaments from Chile to Vietnam in 2024–14 million US dollars

Top 5 variants of medicaments exported

1. Diazepam injections

2. Lorazepam tablets

3. Risperidone tablets

4. Fluoxetine capsules

5. Sertraline tablets

  • Kazakhstan — The export trade value of medicaments from Chile to Kazakhstan in 2024–12 million US dollars

Top 5 variants of medicaments exported

1. Olanzapine orodispersible tablets

2. Carbamazepine tablets

3. Phenytoin sodium injections

4. Haloperidol injections

5. Gabapentin capsules

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