Packaged Medicaments in   Ecuador

Exports In 2021, Ecuador exported $28.2M in Packaged Medicaments, making it the 88th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 50th most exported product in Ecuador. The main destination of Packaged Medicaments exports from Ecuador are: Panama ($5.39M), Chile ($4.95M), Colombia ($4.67M), Peru ($4.05M), and Bolivia ($1.44M).

The fastest growing export markets for Packaged Medicaments of Ecuador between 2020 and 2021 were Chile ($1.88M), Colombia ($1.74M), and Panama ($722k).

Imports In 2021, Ecuador imported $619M in Packaged Medicaments, becoming the 64th 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 ($98.4M), Germany ($64.7M), Mexico ($59.7M), United States ($44.3M), and India ($39.6M).

The fastest growing import markets in Packaged Medicaments for Ecuador between 2020 and 2021 were Mexico ($13.8M), Spain ($12.4M), and Argentina ($10.5M).

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 treatment, 5%), Burundi (Most Favoured Nation duty rate treatment, 5%), Benin (Most Favoured Nation duty rate treatment, 5%), Burkina Faso (Most Favoured Nation duty rate treatment, 5%), and Botswana (Most Favoured Nation duty rate treatment, 5%).