HS Icon Packaged Medicaments in  Flag Romania

2020
Exports | Imports
: $1.05B | $3.17B, World Rnk 30 / 210
Flag Rnk 10 / 1193 | World Rnk 24 / 224
Flag Rnk 2 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $29.8M | $333M, Switzerland |  Switzerland

2020
ECONOMIC COMPLEXITY of Romania
: 1.01, Rnk 26 / 127

2020
PRODUCT COMPLEXITY  IN Packaged Medicaments
: 0.6, Rnk 320 / 1029

Exports In 2020, Romania exported $1.05B in Packaged Medicaments, making it the 30th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most exported product in Romania. The main destination of Packaged Medicaments exports from Romania are: Germany ($172M), Russia ($130M), Czechia ($84.2M), Hungary ($68.4M), and Switzerland ($63.8M).

The fastest growing export markets for Packaged Medicaments of Romania between 2019 and 2020 were Switzerland ($29.8M), Russia ($28.8M), and Hungary ($22.9M).

Imports In 2020, Romania imported $3.17B in Packaged Medicaments, becoming the 24th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 2nd most imported product in Romania. Romania imports Packaged Medicaments primarily from: Germany ($617M), Switzerland ($553M), Hungary ($490M), France ($272M), and Belgium ($163M).

The fastest growing import markets in Packaged Medicaments for Romania between 2019 and 2020 were Switzerland ($333M), Germany ($51.5M), and Denmark ($21.2M).

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%).

Subnational Monthly Trade

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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): $1.05B

IMPORTS (2020): $3.17B

NET TRADE (2020): -$2.12B

In 2020, Romania exported $1.05B in Packaged Medicaments. The main destinations of Romania exports on Packaged Medicaments were Germany ($172M), Russia ($130M), Czechia ($84.2M), Hungary ($68.4M), and Switzerland ($63.8M).

In 2020, Romania imported $3.17B in Packaged Medicaments, mainly from Germany ($617M), Switzerland ($553M), Hungary ($490M), France ($272M), and Belgium ($163M).

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

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

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Market Concentration

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In 2020, Romania's main exporting competitors in Packaged Medicaments were:

In 2020, Romania's main importing competitors in Packaged Medicaments were:

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