HS Icon Packaged Medicaments in  Flag Romania

2019
Exports | Imports
: $937M | $2.93B, World Rnk 31 / 205
Flag Rnk 13 / 1202 | World Rnk 25 / 224
Flag Rnk 4 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $43.7M | $92.8M, Germany |  Germany

2019
ECONOMIC COMPLEXITY of Romania
: 1.05, Rnk 25 / 147

2019
PRODUCT COMPLEXITY  IN Packaged Medicaments
: 0.64, Rnk 320 / 1029

Exports In 2019, Romania exported $937M in Packaged Medicaments, making it the 31st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 13th most exported product in Romania. The main destination of Packaged Medicaments exports from Romania are: Germany ($208M), Russia ($100M), Czechia ($77M), Bulgaria ($64.8M), and United Kingdom ($59.4M).

The fastest growing export markets for Packaged Medicaments of Romania between 2018 and 2019 were Germany ($43.7M), Switzerland ($27.8M), and Czechia ($10.5M).

Imports In 2019, Romania imported $2.93B in Packaged Medicaments, becoming the 25th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Romania. Romania imports Packaged Medicaments primarily from: Germany ($566M), Hungary ($517M), France ($277M), Switzerland ($221M), and Netherlands ($218M).

The fastest growing import markets in Packaged Medicaments for Romania between 2018 and 2019 were Germany ($92.8M), France ($40.2M), and Switzerland ($29.7M).

Tariffs In 2005, the average tariff for Romania in Packaged Medicaments was 1.87%. The countries with the highest import tariffs for Packaged Medicaments were Egypt (Preferential tariff under The Protocol on Trade Negotiations (PTN), 3.5%), Tunisia (Preferential tariff under The Protocol on Trade Negotiations (PTN), 3.5%), Bangladesh (Preferential tariff under The Protocol on Trade Negotiations (PTN), 3.5%), South Korea (Preferential tariff under The Protocol on Trade Negotiations (PTN), 3.5%), and Pakistan (Preferential tariff under The Protocol on Trade Negotiations (PTN), 3.5%).

Historical Data

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EXPORTS (2019): $937M

IMPORTS (2019): $2.93B

NET TRADE (2019): -$1.99B

In 2019, Romania exported $937M in Packaged Medicaments. The main destinations of Romania exports on Packaged Medicaments were Germany ($208M), Russia ($100M), Czechia ($77M), Bulgaria ($64.8M), and United Kingdom ($59.4M).

In 2019, Romania imported $2.93B in Packaged Medicaments, mainly from Germany ($566M), Hungary ($517M), France ($277M), Switzerland ($221M), and Netherlands ($218M).

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IN 2019, Romania HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

IN 2019, Romania HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

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THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Romania WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Romania WERE (2018 - 2019):

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Market Concentration

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

In 2019, Romania's main importing competitors in Packaged Medicaments were:

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Tariffs by Country

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In 2005, the average tariff for Romania in Packaged Medicaments was 1.87%.

The countries with the highest tariffs for Packaged Medicaments in Romania were Egypt (Preferential tariff under The Protocol on Trade Negotiations (PTN), 3.5%), Tunisia (Preferential tariff under The Protocol on Trade Negotiations (PTN), 3.5%), Bangladesh (Preferential tariff under The Protocol on Trade Negotiations (PTN), 3.5%), South Korea (Preferential tariff under The Protocol on Trade Negotiations (PTN), 3.5%), and Pakistan (Preferential tariff under The Protocol on Trade Negotiations (PTN), 3.5%).