Packaged Medicaments in Ecuador

EXPORTS (2018): $37M, World Rnk 81 / 190
Flag Rnk 36 / 857

TOP DESTINATION (2018): $11.3M, Panama

FASTEST GROWING MARKET (2017 - 2018): $3.04M, Dominican Republic

IMPORTS (2018): $554M, World Rnk 65 / 217
Flag Rnk 4 / 1149

TOP ORIGIN (2018): $86.1M, Colombia

FASTEST GROWING ORIGIN (2017 - 2018): $5.36M, Switzerland

ECONOMIC COMPLEXITY of Ecuador (2018): -0.7, Rnk 102 / 137

PRODUCT COMPLEXITY  IN Packaged Medicaments (2018): 0.74, Rnk 270 / 1018

Overview: This page contains the latest trade data of Packaged Medicaments in Ecuador.

Exports: In 2018, Ecuador exported $37M in Packaged Medicaments, making it the 81st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 36th most exported product in Ecuador. The main destination of Packaged Medicaments exports from Ecuador are: Panama ($11.3M), Chile ($4.59M), Peru ($4.01M), Dominican Republic ($3.04M), and Mexico ($2.99M).

The fastest growing export markets for Packaged Medicaments of Ecuador between 2017 and 2018 were Dominican Republic ($3.04M), Australia ($2.44M), and Costa Rica ($943k).

Imports: In 2018, Ecuador imported $554M in Packaged Medicaments, becoming the 65th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Ecuador. Ecuador imports Packaged Medicaments primarily from: Colombia ($86.1M), Mexico ($64.3M), Germany ($44.7M), Chile ($36.7M), and Switzerland ($36.1M).

The fastest growing import markets in Packaged Medicaments for Ecuador between 2017 and 2018 were Switzerland ($5.36M), Singapore ($4.97M), and South Korea ($4.15M).

Tariffs: In 2018, the average tariff for Ecuador in Packaged Medicaments was 4.73%. The countries with the highest import tariffs for Packaged Medicaments were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

Value

EXPORTS (2018): $37M

IMPORTS (2018): $554M

NET TRADE (2018): -$517M

In 2018, Ecuador exported $37M in Packaged Medicaments. The main destinations of Ecuador exports on Packaged Medicaments were Panama ($11.3M), Chile ($4.59M), Peru ($4.01M), Dominican Republic ($3.04M), and Mexico ($2.99M).

In 2018, Ecuador imported $554M in Packaged Medicaments, mainly from Colombia ($86.1M), Mexico ($64.3M), Germany ($44.7M), Chile ($36.7M), and Switzerland ($36.1M).

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IN 2018, Ecuador HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

  • Panama, $11.2M ($11.3M - $98.8k)
  • Bolivia, $1.12M ($1.12M - $0)
  • Australia, $1.11M ($2.44M - $1.32M)

IN 2018, Ecuador HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

  • Colombia, -$83.1M ($2.99M - $86.1M)
  • Mexico, -$61.3M ($2.99M - $64.3M)
  • Germany, -$44.7M ($0 - $44.7M)
Flow

THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Ecuador WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Ecuador WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Ecuador's main exporting competitors in Packaged Medicaments were:

In 2018, Ecuador's main importing competitors in Packaged Medicaments were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Packaged Medicaments in Ecuador. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Ecuador in Packaged Medicaments was 4.73%.

The countries with the highest tariffs for Packaged Medicaments in Ecuador were Angola (5%), Burundi (5%), Benin (5%), Burkina Faso (5%), and Botswana (5%).

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