HS Icon Packaged Medicaments in  Flag Austria

2019
Exports | Imports
: $6.11B | $3.59B, World Rnk 16 / 205
Flag Rnk 2 / 1211 | World Rnk 19 / 224
Flag Rnk 5 / 1212

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $205M | $116M, Switzerland |  Italy

2019
ECONOMIC COMPLEXITY of Austria
: 1.57, Rnk 10 / 147

2019
PRODUCT COMPLEXITY  IN Packaged Medicaments
: 0.64, Rnk 320 / 1029

Exports In 2019, Austria exported $6.11B in Packaged Medicaments, making it the 16th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most exported product in Austria. The main destination of Packaged Medicaments exports from Austria are: Switzerland ($2.06B), Russia ($532M), Germany ($526M), United States ($426M), and Poland ($264M).

The fastest growing export markets for Packaged Medicaments of Austria between 2018 and 2019 were Switzerland ($205M), Russia ($87.8M), and Ukraine ($24.2M).

Imports In 2019, Austria imported $3.59B in Packaged Medicaments, becoming the 19th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Austria. Austria imports Packaged Medicaments primarily from: Germany ($1.37B), Italy ($414M), Netherlands ($343M), Switzerland ($246M), and Ireland ($159M).

The fastest growing import markets in Packaged Medicaments for Austria between 2018 and 2019 were Italy ($116M), Spain ($27.2M), and Greece ($25.4M).

Tariffs In 1990, the average tariff for Austria in Packaged Medicaments was 4.28%. The countries with the highest import tariffs for Packaged Medicaments were Mayotte (Most Favoured Nation duty rate treatement, 7.25%), South Sudan (Most Favoured Nation duty rate treatement, 7.25%), South Africa (Most Favoured Nation duty rate treatement, 7.25%), Antarctica (Most Favoured Nation duty rate treatement, 7.25%), and French South Antarctic Territory (Most Favoured Nation duty rate treatement, 7.25%).

Historical Data

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EXPORTS (2019): $6.11B

IMPORTS (2019): $3.59B

NET TRADE (2019): $2.52B

In 2019, Austria exported $6.11B in Packaged Medicaments. The main destinations of Austria exports on Packaged Medicaments were Switzerland ($2.06B), Russia ($532M), Germany ($526M), United States ($426M), and Poland ($264M).

In 2019, Austria imported $3.59B in Packaged Medicaments, mainly from Germany ($1.37B), Italy ($414M), Netherlands ($343M), Switzerland ($246M), and Ireland ($159M).

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IN 2019, Austria HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

IN 2019, Austria HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

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THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Austria WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Austria WERE (2018 - 2019):

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Market Concentration

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In 2019, Austria' main exporting competitors in Packaged Medicaments were:

In 2019, Austria' main importing competitors in Packaged Medicaments were:

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Tariffs by Country

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In 1990, the average tariff for Austria in Packaged Medicaments was 4.28%.

The countries with the highest tariffs for Packaged Medicaments in Austria were Mayotte (Most Favoured Nation duty rate treatement, 7.25%), South Sudan (Most Favoured Nation duty rate treatement, 7.25%), South Africa (Most Favoured Nation duty rate treatement, 7.25%), Antarctica (Most Favoured Nation duty rate treatement, 7.25%), and French South Antarctic Territory (Most Favoured Nation duty rate treatement, 7.25%).