Packaged Medicaments in Romania

EXPORTS (2018): $865M, World Rnk 32 / 190
Flag Rnk 16 / 1169

TOP DESTINATION (2018): $165M, Germany

FASTEST GROWING MARKET (2017 - 2018): $43.9M, Germany

IMPORTS (2018): $2.88B, World Rnk 24 / 217
Flag Rnk 4 / 1207

TOP ORIGIN (2018): $484M, Hungary

FASTEST GROWING ORIGIN (2017 - 2018): $79.6M, Hungary

ECONOMIC COMPLEXITY of Romania (2018): 0.92, Rnk 29 / 137

PRODUCT COMPLEXITY  IN Packaged Medicaments (2018): 0.74, Rnk 270 / 1018

Exports: In 2018, Romania exported $865M in Packaged Medicaments, making it the 32nd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 16th most exported product in Romania. The main destination of Packaged Medicaments exports from Romania are: Germany ($165M), Russia ($91.6M), United Kingdom ($71.5M), Czechia ($66.2M), and Bulgaria ($64M).

The fastest growing export markets for Packaged Medicaments of Romania between 2017 and 2018 were Germany ($43.9M), Hungary ($22.3M), and Bulgaria ($16.7M).

Imports: In 2018, Romania imported $2.88B in Packaged Medicaments, becoming the 24th 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: Hungary ($484M), Germany ($472M), Netherlands ($269M), France ($237M), and Belgium-Luxembourg ($233M).

The fastest growing import markets in Packaged Medicaments for Romania between 2017 and 2018 were Hungary ($79.6M), Ireland ($52.6M), and Switzerland ($46.5M).

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 (3.5%), Tunisia (3.5%), Bangladesh (3.5%), South Korea (3.5%), and Pakistan (3.5%).

Value

EXPORTS (2018): $865M

IMPORTS (2018): $2.88B

NET TRADE (2018): -$2.02B

In 2018, Romania exported $865M in Packaged Medicaments. The main destinations of Romania exports on Packaged Medicaments were Germany ($165M), Russia ($91.6M), United Kingdom ($71.5M), Czechia ($66.2M), and Bulgaria ($64M).

In 2018, Romania imported $2.88B in Packaged Medicaments, mainly from Hungary ($484M), Germany ($472M), Netherlands ($269M), France ($237M), and Belgium-Luxembourg ($233M).

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IN 2018, Romania HAD A POSITIVE NET TRADE IN Packaged Medicaments WITH:

IN 2018, Romania HAD A NEGATIVE NET TRADE IN Packaged Medicaments WITH:

Flow

THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Romania WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Romania WERE (2017 - 2018):

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Market Concentration

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In 2018, Romania's main exporting competitors in Packaged Medicaments were:

In 2018, Romania's main importing competitors in Packaged Medicaments were:

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Trade Forecasts

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This section shows forecasts for total exports and imports, for Packaged Medicaments in Romania. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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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 (3.5%), Tunisia (3.5%), Bangladesh (3.5%), South Korea (3.5%), and Pakistan (3.5%).

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