Packaged Medicaments in Colombia

EXPORTS (2018): $314M, World Rnk 49 / 190
Flag Rnk 14 / 1062

TOP DESTINATION (2018): $86.1M, Ecuador

FASTEST GROWING MARKET (2017 - 2018): $8.51M, Dominican Republic

IMPORTS (2018): $1.23B, World Rnk 45 / 217
Flag Rnk 4 / 1184

TOP ORIGIN (2018): $197M, United States

FASTEST GROWING ORIGIN (2017 - 2018): $65.4M, Switzerland

ECONOMIC COMPLEXITY of Colombia (2018): 0.23, Rnk 56 / 137

PRODUCT COMPLEXITY  IN Packaged Medicaments (2018): 0.74, Rnk 270 / 1018

Exports: In 2018, Colombia exported $314M in Packaged Medicaments, making it the 49th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 14th most exported product in Colombia. The main destination of Packaged Medicaments exports from Colombia are: Ecuador ($86.1M), Panama ($39.7M), Peru ($39.7M), Mexico ($20.6M), and United States ($19.5M).

The fastest growing export markets for Packaged Medicaments of Colombia between 2017 and 2018 were Dominican Republic ($8.51M), Mexico ($4.32M), and Brazil ($2.19M).

Imports: In 2018, Colombia imported $1.23B in Packaged Medicaments, becoming the 45th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Colombia. Colombia imports Packaged Medicaments primarily from: United States ($197M), Germany ($197M), Switzerland ($162M), Mexico ($90.5M), and France ($69.3M).

The fastest growing import markets in Packaged Medicaments for Colombia between 2017 and 2018 were Switzerland ($65.4M), Belgium-Luxembourg ($40.3M), and Netherlands ($21.5M).

Tariffs: In 2018, the average tariff for Colombia in Packaged Medicaments was 6.54%. The countries with the highest import tariffs for Packaged Medicaments were Angola (8.67%), Burundi (8.67%), Benin (8.67%), Burkina Faso (8.67%), and Botswana (8.67%).

Value

EXPORTS (2018): $314M

IMPORTS (2018): $1.23B

NET TRADE (2018): -$915M

In 2018, Colombia exported $314M in Packaged Medicaments. The main destinations of Colombia exports on Packaged Medicaments were Ecuador ($86.1M), Panama ($39.7M), Peru ($39.7M), Mexico ($20.6M), and United States ($19.5M).

In 2018, Colombia imported $1.23B in Packaged Medicaments, mainly from United States ($197M), Germany ($197M), Switzerland ($162M), Mexico ($90.5M), and France ($69.3M).

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IN 2018, Colombia HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

IN 2018, Colombia HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

Flow

THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Colombia WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Colombia WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, Colombia's main exporting competitors in Packaged Medicaments were:

In 2018, Colombia's main importing competitors in Packaged Medicaments were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Packaged Medicaments in Colombia. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Colombia in Packaged Medicaments was 6.54%.

The countries with the highest tariffs for Packaged Medicaments in Colombia were Angola (8.67%), Burundi (8.67%), Benin (8.67%), Burkina Faso (8.67%), and Botswana (8.67%).

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