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%).