Packaged Medicaments in China 2020 Exports | Imports : $4.01B | $20.1B, World Rnk 19 / 210 Rnk 120 / 1215 | World Rnk 4 / 224 Rnk 11 / 1214
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $230M | $887M, United States | United States
2020 ECONOMIC COMPLEXITY of China: 0.96, Rnk 28 / 127
2020 PRODUCT COMPLEXITY IN Packaged Medicaments: 0.6, Rnk 320 / 1029
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%).
December 2022
Overview In December 2022 China's Packaged Medicaments exports accounted up to $418M and imports accounted up to $2.21B, resulting in a negative trade balance of $1.79B. Between December 2021 and December 2022 the exports of China's Packaged Medicaments have decreased by $-65.1M (-13.5%) from $483M to $418M, while imports increased by $227M (11.4%) from $1.98B to $2.21B.
Destinations In December 2022, Packaged Medicaments were exported mostly to United States ($78.1M), France ($55.8M), Australia ($23.3M), Hong Kong ($18.3M), and Malaysia ($16.7M), and were imported mostly from Germany ($566M), Italy ($215M), France ($192M), United States ($168M), and Sweden ($133M).
Growth In December 2022, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Switzerland ($-14.6M or -80.9%), Ireland ($-10.4M or -97.9%), and United States ($-3.78M or -6.23%). In December 2022, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from United Kingdom ($61.4M or 55.4%), Ireland ($38.4M or 107%), and France ($33.2M or 20.2%).
EXPORT GROWTH (December 2021 - December 2022): $-65.1M, (-13.5%)
IMPORT GROWTH (December 2021 - December 2022): $227M, (11.4%)
MAIN EXPORTER (December 2022): Jiangsu Province, $100M
MAIN DESTINATION (December 2022): United States, $78.1M
This section shows Packaged Medicaments's exports and imports data at subnational level for China. 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): $4.01B
IMPORTS (2020): $20.1B
NET TRADE (2020): -$16B
In 2020, China exported $4.01B in Packaged Medicaments. The main destinations of China exports on Packaged Medicaments were United States ($754M), Denmark ($386M), Hong Kong ($196M), Nigeria ($178M), and United Kingdom ($140M).
In 2020, China imported $20.1B in Packaged Medicaments, mainly from Germany ($3.19B), United States ($2.47B), Switzerland ($2.24B), Sweden ($1.82B), and United Kingdom ($1.81B).
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR China WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY China WERE (2019 - 2020):
In 2020, China's main exporting competitors in Packaged Medicaments were:
In 2020, China's main importing competitors in Packaged Medicaments were:
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