HS Icon Packaged Medicaments in  Flag Ecuador

2019
Exports | Imports
: $25.1M | $528M, World Rnk 86 / 205
Flag Rnk 48 / 942 | World Rnk 67 / 224
Flag Rnk 4 / 1165

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $818k | $10.2M, Peru |  United States

2019
ECONOMIC COMPLEXITY of Ecuador
: -0.7, Rnk 109 / 147

2019
PRODUCT COMPLEXITY  IN Packaged Medicaments
: 0.64, Rnk 320 / 1029

Exports In 2019, Ecuador exported $25.1M in Packaged Medicaments, making it the 86th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 48th most exported product in Ecuador. The main destination of Packaged Medicaments exports from Ecuador are: Panama ($5.15M), Peru ($4.83M), Colombia ($3.34M), Chile ($2.67M), and Dominican Republic ($2.22M).

The fastest growing export markets for Packaged Medicaments of Ecuador between 2018 and 2019 were Peru ($818k), Bolivia ($805k), and Colombia ($350k).

Imports In 2019, Ecuador imported $528M in Packaged Medicaments, becoming the 67th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Ecuador. Ecuador imports Packaged Medicaments primarily from: Colombia ($85.8M), Mexico ($66.6M), Germany ($52.3M), United States ($43.3M), and Chile ($34.5M).

The fastest growing import markets in Packaged Medicaments for Ecuador between 2018 and 2019 were United States ($10.2M), Germany ($7.55M), and Guatemala ($2.35M).

Tariffs In 2018, the average tariff for Ecuador in Packaged Medicaments was 4.73%. The countries with the highest import tariffs for Packaged Medicaments were Angola (Most Favoured Nation duty rate treatement, 5%), Burundi (Most Favoured Nation duty rate treatement, 5%), Benin (Most Favoured Nation duty rate treatement, 5%), Burkina Faso (Most Favoured Nation duty rate treatement, 5%), and Botswana (Most Favoured Nation duty rate treatement, 5%).

Historical Data

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EXPORTS (2019): $25.1M

IMPORTS (2019): $528M

NET TRADE (2019): -$503M

In 2019, Ecuador exported $25.1M in Packaged Medicaments. The main destinations of Ecuador exports on Packaged Medicaments were Panama ($5.15M), Peru ($4.83M), Colombia ($3.34M), Chile ($2.67M), and Dominican Republic ($2.22M).

In 2019, Ecuador imported $528M in Packaged Medicaments, mainly from Colombia ($85.8M), Mexico ($66.6M), Germany ($52.3M), United States ($43.3M), and Chile ($34.5M).

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IN 2019, Ecuador HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

IN 2019, Ecuador HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

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THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Ecuador WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Ecuador WERE (2018 - 2019):

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Market Concentration

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In 2019, Ecuador's main exporting competitors in Packaged Medicaments were:

In 2019, Ecuador's main importing competitors in Packaged Medicaments were:

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Tariffs by Country

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In 2018, the average tariff for Ecuador in Packaged Medicaments was 4.73%.

The countries with the highest tariffs for Packaged Medicaments in Ecuador were Angola (Most Favoured Nation duty rate treatement, 5%), Burundi (Most Favoured Nation duty rate treatement, 5%), Benin (Most Favoured Nation duty rate treatement, 5%), Burkina Faso (Most Favoured Nation duty rate treatement, 5%), and Botswana (Most Favoured Nation duty rate treatement, 5%).