Packaged Medicaments in Brazil 2020 Exports | Imports : $898M | $3.2B, World Rnk 32 / 210 Rnk 31 / 1202 | World Rnk 22 / 224 Rnk 5 / 1194
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $17.7M | $92.6M, China | Netherlands
2020 ECONOMIC COMPLEXITY of Brazil: 0.44, Rnk 47 / 127
2020 PRODUCT COMPLEXITY IN Packaged Medicaments: 0.6, Rnk 320 / 1029
Exports In 2020, Brazil exported $898M in Packaged Medicaments, making it the 32nd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 31st most exported product in Brazil. The main destination of Packaged Medicaments exports from Brazil are: United States ($117M), Denmark ($81.5M), Mexico ($72.9M), Argentina ($69.1M), and Poland ($55.5M).
The fastest growing export markets for Packaged Medicaments of Brazil between 2019 and 2020 were China ($17.7M), United States ($5.5M), and Russia ($4.21M).
Imports In 2020, Brazil imported $3.2B in Packaged Medicaments, becoming the 22nd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Brazil. Brazil imports Packaged Medicaments primarily from: United States ($673M), Germany ($512M), Switzerland ($356M), India ($234M), and France ($171M).
The fastest growing import markets in Packaged Medicaments for Brazil between 2019 and 2020 were Netherlands ($92.6M), United Kingdom ($28.9M), and Sweden ($20.9M).
Tariffs In 2017, the average tariff for Brazil in Packaged Medicaments was 8.71%. The countries with the highest import tariffs for Packaged Medicaments were Mexico (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 9.33%), Angola (Most Favoured Nation duty rate treatement, 9.09%), Burundi (Most Favoured Nation duty rate treatement, 9.09%), Benin (Most Favoured Nation duty rate treatement, 9.09%), and Burkina Faso (Most Favoured Nation duty rate treatement, 9.09%).
January 2023
Overview In January 2023 Brazil's Packaged Medicaments exports accounted up to $62.1M and imports accounted up to $392M, resulting in a negative trade balance of $330M. Between January 2022 and January 2023 the exports of Brazil's Packaged Medicaments have increased by $13.7M (28.3%) from $48.4M to $62.1M, while imports increased by $85M (27.7%) from $307M to $392M.
Destinations In January 2023, Packaged Medicaments were exported mostly to United States ($10.5M), Argentina ($5.33M), Denmark ($5.15M), Mexico ($4.35M), and Puerto Rico ($3.44M), and were imported mostly from Italy ($53.4M), Germany ($48.3M), United States ($46.3M), India ($30.3M), and Denmark ($29.1M).
Growth In January 2023, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Denmark ($3.59M or 101%), Egypt ($1.51M or 363%), and Turkey ($1.13M or 38.3%). In January 2023, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Denmark ($20M or 115%), Switzerland ($16.1M or 138%), and Poland ($14.6M or 76.4k%).
EXPORT GROWTH (January 2022 - January 2023): $13.7M, (28.3%)
IMPORT GROWTH (January 2022 - January 2023): $85M, (27.7%)
MAIN EXPORTER (January 2023): São Paulo, $38.8M
MAIN DESTINATION (January 2023): United States, $10.5M
This section shows Packaged Medicaments's exports and imports data at subnational level for Brazil. 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.
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EXPORTS (2020): $898M
IMPORTS (2020): $3.2B
NET TRADE (2020): -$2.31B
In 2020, Brazil exported $898M in Packaged Medicaments. The main destinations of Brazil exports on Packaged Medicaments were United States ($117M), Denmark ($81.5M), Mexico ($72.9M), Argentina ($69.1M), and Poland ($55.5M).
In 2020, Brazil imported $3.2B in Packaged Medicaments, mainly from United States ($673M), Germany ($512M), Switzerland ($356M), India ($234M), and France ($171M).
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Brazil WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Brazil WERE (2019 - 2020):
In 2020, Brazil's main exporting competitors in Packaged Medicaments were:
In 2020, Brazil's main importing competitors in Packaged Medicaments were:
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