Packaged Medicaments in Chile 2021 Exports | Imports : $180M | $1.15B, World Rnk 62 / 213 Rnk 52 / 1125 | World Rnk 49 / 224 Rnk 9 / 1206
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $7.53M | $45.2M, Argentina | India
2021 ECONOMIC COMPLEXITY of Chile: -0.22, Rnk 74 / 131
2021 PRODUCT COMPLEXITY IN Packaged Medicaments: 0.64, Rnk 303 / 1029
Exports In 2021, Chile exported $180M in Packaged Medicaments, making it the 62nd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 52nd most exported product in Chile. The main destination of Packaged Medicaments exports from Chile are: Ecuador ($34.2M), Bolivia ($19.4M), Paraguay ($16.9M), Peru ($16.2M), and Colombia ($11.4M).
The fastest growing export markets for Packaged Medicaments of Chile between 2020 and 2021 were Argentina ($7.53M), Germany ($4.53M), and Czechia ($3.01M).
Imports In 2021, Chile imported $1.15B in Packaged Medicaments, becoming the 49th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 9th most imported product in Chile. Chile imports Packaged Medicaments primarily from: Germany ($167M), India ($138M), United States ($127M), United Kingdom ($66.4M), and Switzerland ($59.1M).
The fastest growing import markets in Packaged Medicaments for Chile between 2020 and 2021 were India ($45.2M), United Kingdom ($30.3M), and Germany ($24.4M).
Tariffs In 2018, the average tariff for Chile in Packaged Medicaments was 4.66%. The countries with the highest import tariffs for Packaged Medicaments were Botswana (Most Favoured Nation duty rate treatment, 6%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 6%), Cameroon (Most Favoured Nation duty rate treatment, 6%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 6%), and Cape Verde (Most Favoured Nation duty rate treatment, 6%).
March 2023
Overview In March 2023 Chile's Packaged Medicaments exports accounted up to $16.1M and imports accounted up to $96.9M, resulting in a negative trade balance of $80.8M. Between March 2022 and March 2023 the exports of Chile's Packaged Medicaments have decreased by $-1.33M (-7.66%) from $17.4M to $16.1M, while imports decreased by $-12.7M (-11.6%) from $110M to $96.9M.
Destinations In March 2023, Packaged Medicaments were exported mostly to Ecuador ($3.98M), Paraguay ($2.61M), Spain ($1.8M), Bolivia ($1.54M), and Peru ($870k), and were imported mostly from Uruguay ($16.1M), Switzerland ($12.3M), Ireland ($9.02M), Mexico ($8.3M), and Heard Island and McDonald Islands ($7.04M).
Growth In March 2023, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-198k or -25.2%), Malta ($-126k or -78.7%), and Nicaragua ($-105k or -79.9%). In March 2023, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from United States ($-10M or -77%), Panama ($-5.87M or -54%), and Ireland ($-4.41M or -39.4%).
EXPORT GROWTH (March 2022 - March 2023): $-1.33M, (-7.66%)
IMPORT GROWTH (March 2022 - March 2023): $-12.7M, (-11.6%)
MAIN EXPORTER (March 2023): Renca, $6.2M
MAIN DESTINATION (March 2023): Ecuador, $3.98M
This section shows Packaged Medicaments's exports and imports data at subnational level for Chile. 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 (2021): $180M
IMPORTS (2021): $1.15B
NET TRADE (2021): -$971M
In 2021, Chile exported $180M in Packaged Medicaments. The main destinations of Chile exports on Packaged Medicaments were Ecuador ($34.2M), Bolivia ($19.4M), Paraguay ($16.9M), Peru ($16.2M), and Colombia ($11.4M).
In 2021, Chile imported $1.15B in Packaged Medicaments, mainly from Germany ($167M), India ($138M), United States ($127M), United Kingdom ($66.4M), and Switzerland ($59.1M).
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Chile WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Chile WERE (2020 - 2021):
In 2021, Chile's main exporting competitors in Packaged Medicaments were:
In 2021, Chile's main importing competitors in Packaged Medicaments were:
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