Packaged Medicaments in India 2021 Exports | Imports : $19.2B | $1.39B, World Rnk 8 / 213 Rnk 3 / 1214 | World Rnk 45 / 224 Rnk 62 / 1208
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $207M | $53.4M, United States | United States
2021 ECONOMIC COMPLEXITY of India: 0.61, Rnk 41 / 131
2021 PRODUCT COMPLEXITY IN Packaged Medicaments: 0.64, Rnk 303 / 1029
Exports In 2021, India exported $19.2B in Packaged Medicaments, making it the 8th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most exported product in India. The main destination of Packaged Medicaments exports from India are: United States ($7.44B), United Kingdom ($646M), South Africa ($627M), Nigeria ($488M), and Russia ($482M).
The fastest growing export markets for Packaged Medicaments of India between 2020 and 2021 were United States ($207M), Nigeria ($122M), and Brazil ($115M).
Imports In 2021, India imported $1.39B in Packaged Medicaments, becoming the 45th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 62nd most imported product in India. India imports Packaged Medicaments primarily from: United States ($283M), Germany ($219M), Switzerland ($137M), Belgium ($136M), and Denmark ($94.7M).
The fastest growing import markets in Packaged Medicaments for India between 2020 and 2021 were United States ($53.4M), Spain ($32.7M), and Denmark ($27.1M).
Tariffs In 2018, the average tariff for India in Packaged Medicaments was 8.34%. The countries with the highest import tariffs for Packaged Medicaments were Angola (Most Favoured Nation duty rate treatment, 10%), Botswana (Most Favoured Nation duty rate treatment, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 10%), Cameroon (Most Favoured Nation duty rate treatment, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 10%).
Apr 2023
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.
* Using January 2020 exchange rates when trade data is reported in local currency.
EXPORTS (2021): $19.2B
IMPORTS (2021): $1.39B
NET TRADE (2021): $17.8B
In 2021, India exported $19.2B in Packaged Medicaments. The main destinations of India exports on Packaged Medicaments were United States ($7.44B), United Kingdom ($646M), South Africa ($627M), Nigeria ($488M), and Russia ($482M).
In 2021, India imported $1.39B in Packaged Medicaments, mainly from United States ($283M), Germany ($219M), Switzerland ($137M), Belgium ($136M), and Denmark ($94.7M).
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR India WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY India WERE (2020 - 2021):
In 2021, India's main exporting competitors in Packaged Medicaments were:
In 2021, India's main importing competitors in Packaged Medicaments were:
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