Exports In 2020, India exported $17.8B in Packaged Medicaments, making it the 10th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most exported product in India. The main destination of Packaged Medicaments exports from India are: United States ($7.26B), South Africa ($653M), United Kingdom ($554M), Russia ($444M), and Germany ($391M).
The fastest growing export markets for Packaged Medicaments of India between 2019 and 2020 were United States ($473M), South Africa ($141M), and United Kingdom ($94.9M).
Imports In 2020, India imported $1.25B in Packaged Medicaments, becoming the 48th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 46th most imported product in India. India imports Packaged Medicaments primarily from: United States ($230M), Germany ($211M), Switzerland ($161M), Belgium ($130M), and United Kingdom ($84.5M).
The fastest growing import markets in Packaged Medicaments for India between 2019 and 2020 were Belgium ($60M), France ($18.5M), and United Kingdom ($16.2M).
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 treatement, 10%), Botswana (Most Favoured Nation duty rate treatement, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 10%), Cameroon (Most Favoured Nation duty rate treatement, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 10%).