HS Icon Packaged Medicaments in  Flag India

2020
Exports | Imports
: $17.8B | $1.25B, World Rnk 10 / 210
Flag Rnk 2 / 1215 | World Rnk 48 / 224
Flag Rnk 46 / 1207

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $473M | $60M, United States |  Belgium


ECONOMIC COMPLEXITY of India
: 0.56, Rnk 40 / 127


PRODUCT COMPLEXITY  IN Packaged Medicaments
: 0.58, Rnk 332 / 1028

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%).

Subnational Monthly Trade

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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

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EXPORTS (2020): $17.8B

IMPORTS (2020): $1.25B

NET TRADE (2020): $16.5B

In 2020, India exported $17.8B in Packaged Medicaments. The main destinations of India exports on Packaged Medicaments were United States ($7.26B), South Africa ($653M), United Kingdom ($554M), Russia ($444M), and Germany ($391M).

In 2020, India imported $1.25B in Packaged Medicaments, mainly from United States ($230M), Germany ($211M), Switzerland ($161M), Belgium ($130M), and United Kingdom ($84.5M).

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IN 2020, India HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

IN 2020, India HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

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THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR India WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY India WERE (2019 - 2020):

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Market Concentration

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

In 2019, India'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 India in Packaged Medicaments was 8.34%.

The countries with the highest tariffs for Packaged Medicaments in India 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%).