Packaged Medicaments in Russia

EXPORTS (2018): $506M, World Rnk 41 / 190
Flag Rnk 67 / 1196

TOP DESTINATION (2018): $105M, Ukraine

FASTEST GROWING MARKET (2017 - 2018): $26.8M, Saudi Arabia

IMPORTS (2018): $8.01B, World Rnk 12 / 217
Flag Rnk 3 / 1200

TOP ORIGIN (2018): $1.8B, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $256M, Belgium-Luxembourg

ECONOMIC COMPLEXITY of Russia (2018): 0.6, Rnk 41 / 137

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

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

Exports: In 2018, Russia exported $506M in Packaged Medicaments, making it the 41st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 67th most exported product in Russia. The main destination of Packaged Medicaments exports from Russia are: Ukraine ($105M), Kazakhstan ($81.9M), Uzbekistan ($62.7M), Belarus ($40.7M), and Saudi Arabia ($26.8M).

The fastest growing export markets for Packaged Medicaments of Russia between 2017 and 2018 were Saudi Arabia ($26.8M), Ukraine ($23.9M), and Germany ($21.4M).

Imports: In 2018, Russia imported $8.01B in Packaged Medicaments, becoming the 12th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most imported product in Russia. Russia imports Packaged Medicaments primarily from: Germany ($1.8B), Switzerland ($734M), Belgium-Luxembourg ($649M), France ($472M), and Netherlands ($463M).

The fastest growing import markets in Packaged Medicaments for Russia between 2017 and 2018 were Belgium-Luxembourg ($256M), Switzerland ($161M), and Austria ($155M).

Tariffs: In 2018, the average tariff for Russia in Packaged Medicaments was 4.02%. The countries with the highest import tariffs for Packaged Medicaments were Angola (4.19%), Burundi (4.19%), Benin (4.19%), Burkina Faso (4.19%), and Botswana (4.19%).

Overview: In August 2020 Russia's Packaged Medicaments exports accounted up to $58M and imports accounted up to $453M, resulting in a negative trade balance of $395M. Between August 2019 and August 2020 the exports of Russia's   Packaged Medicaments have increased by $16.9M (41%) from $41.1M to $58M, while imports decreased by $-348M (-43.5%) from $801M to $453M.

Destinations: In August 2020 Packaged Medicaments exported mostly to Ukraine ($10.4M), Uzbekistan ($9.81M), Kazakhstan ($9.14M), Turkmenistan ($5.7M), and Belarus ($4.85M), and imported mostly from Germany ($90M), Switzerland ($75.5M), India ($38.2M), Italy ($31.9M), and Belarus ($21.9M).

Growth: In August 2020, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Turkmenistan ($4.82M or 549%), Uzbekistan ($4.55M or 86.5%), and Kazakhstan ($3.31M or 56.8%). In August 2020, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Germany ($-119M or -56.9%), France ($-34.1M or -62.2%), and Italy ($-25.5M or -44.4%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (August 2019 - August 2020): $16.9M, (41%)

IMPORT GROWTH (August 2019 - August 2020): $-348M, (-43.5%)

MAIN EXPORTER (August 2020): Moscow, The Capital Of Russian Federation, $16.3M

MAIN DESTINATION (August 2020): Ukraine, $10.4M

This section shows Packaged Medicaments's exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Packaged Medicaments over time.

Value

EXPORTS (2018): $506M

IMPORTS (2018): $8.01B

NET TRADE (2018): -$7.51B

In 2018, Russia exported $506M in Packaged Medicaments. The main destinations of Russia exports on Packaged Medicaments were Ukraine ($105M), Kazakhstan ($81.9M), Uzbekistan ($62.7M), Belarus ($40.7M), and Saudi Arabia ($26.8M).

In 2018, Russia imported $8.01B in Packaged Medicaments, mainly from Germany ($1.8B), Switzerland ($734M), Belgium-Luxembourg ($649M), France ($472M), and Netherlands ($463M).

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

  • Ukraine, $86.4M ($105M - $18.9M)
  • Kazakhstan, $63.4M ($81.9M - $18.4M)
  • Uzbekistan, $62.7M ($62.7M - $0)

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

  • Germany, -$1.77B ($23M - $1.8B)
  • Switzerland, -$734M ($647k - $734M)
  • Belgium-Luxembourg, -$646M ($2.45M - $649M)
Flow

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

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

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Market Concentration

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Flow
Type

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

In 2018, Russia'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 Russia. 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 Russia in Packaged Medicaments was 4.02%.

The countries with the highest tariffs for Packaged Medicaments in Russia were Angola (4.19%), Burundi (4.19%), Benin (4.19%), Burkina Faso (4.19%), and Botswana (4.19%).

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