2022
Exports
$19.5BWorld Rnk 9 / 217
Flag Rnk 3 / 1212
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$1.09BWorld Rnk 55 / 224
Flag Rnk 94 / 1206
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $19.5B in Packaged Medicaments, making it the 9th 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 ($7.54B), United Kingdom ($585M), South Africa ($573M), Belgium ($474M), and Nigeria ($409M).

The fastest growing export markets for Packaged Medicaments of India between 2021 and 2022 were Belgium ($244M), Vietnam ($105M), and United States ($68.1M).

Imports In 2022, India imported $1.09B in Packaged Medicaments, becoming the 55th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 94th most imported product in India. India imports Packaged Medicaments primarily from: Germany ($196M), Switzerland ($161M), United States ($146M), Denmark ($139M), and Belgium ($74M).

The fastest growing import markets in Packaged Medicaments for India between 2021 and 2022 were Denmark ($44.2M), Switzerland ($23.4M), and Singapore ($5.68M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (13) were at the forefront of shipping Packaged Medicaments from India to the United States.

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.5B
IMPORTS (2022)$1.09B
NET TRADE (2022)$18.4B

In 2022, India exported $19.5B in Packaged Medicaments. The main destinations of India exports on Packaged Medicaments were United States ($7.54B), United Kingdom ($585M), South Africa ($573M), Belgium ($474M), and Nigeria ($409M).

In 2022, India imported $1.09B in Packaged Medicaments, mainly from Germany ($196M), Switzerland ($161M), United States ($146M), Denmark ($139M), and Belgium ($74M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR India WERE (2021 - 2022):
Belgium$244M (107%)
Vietnam$105M (61.7%)
United States$68.1M (0.91%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY India WERE (2021 - 2022):
Russia-$79.4M (-16.5%)
Nigeria-$79M (-16.2%)
Germany-$73.9M (-21.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Packaged Medicaments were:
In 2022, India's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.99B
TOP IMPORT POTENTIALGermany+ $171M

Packaged Medicaments’s highest export potential is United States. With an export gap of $1.99B.   Packaged Medicaments’s highest import potential is Germany with an import gap of $171M.

See methodology.

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