Exports In 2020, China exported $4.01B in Packaged Medicaments, making it the 19th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 120th most exported product in China. The main destination of Packaged Medicaments exports from China are: United States ($754M), Denmark ($386M), Hong Kong ($196M), Nigeria ($178M), and United Kingdom ($140M).
The fastest growing export markets for Packaged Medicaments of China between 2019 and 2020 were United States ($230M), Denmark ($106M), and Switzerland ($53M).
Imports In 2020, China imported $20.1B in Packaged Medicaments, becoming the 4th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 11th most imported product in China. China imports Packaged Medicaments primarily from: Germany ($3.19B), United States ($2.47B), Switzerland ($2.24B), Sweden ($1.82B), and United Kingdom ($1.81B).
The fastest growing import markets in Packaged Medicaments for China between 2019 and 2020 were United States ($887M), Germany ($440M), and Belgium ($428M).
Tariffs In 2018, the average tariff for China in Packaged Medicaments was 3.77%. The countries with the highest import tariffs for Packaged Medicaments were Macau (Most Favoured Nation duty rate treatement, 5.12%), Hong Kong (Most Favoured Nation duty rate treatement, 5%), India (Most Favoured Nation duty rate treatement, 4.95%), Sri Lanka (Most Favoured Nation duty rate treatement, 4.95%), and Burkina Faso (Most Favoured Nation duty rate treatement, 4.83%).