Packaged Medicaments in Venezuela

EXPORTS (2018): $3.37M, World Rnk 107 / 190
Flag Rnk 51 / 633

TOP DESTINATION (2018): $1.37M, Canada

FASTEST GROWING MARKET (2017 - 2018): $1.37M, Canada

IMPORTS (2018): $65.7M, World Rnk 134 / 217
Flag Rnk 19 / 1000

TOP ORIGIN (2018): $34.5M, India

FASTEST GROWING ORIGIN (2017 - 2018): $5.35M, Turkey

ECONOMIC COMPLEXITY of Venezuela (2018): -0.54, Rnk 93 / 137

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

Exports: In 2018, Venezuela exported $3.37M in Packaged Medicaments, making it the 107th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 51st most exported product in Venezuela. The main destination of Packaged Medicaments exports from Venezuela are: Canada ($1.37M), Brazil ($1.35M), Ecuador ($300k), Nicaragua ($114k), and Peru ($104k).

The fastest growing export markets for Packaged Medicaments of Venezuela between 2017 and 2018 were Canada ($1.37M), Brazil ($329k), and Costa Rica ($41.6k).

Imports: In 2018, Venezuela imported $65.7M in Packaged Medicaments, becoming the 134th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 19th most imported product in Venezuela. Venezuela imports Packaged Medicaments primarily from: India ($34.5M), Germany ($6.43M), Turkey ($5.35M), China ($3.5M), and Colombia ($2.86M).

The fastest growing import markets in Packaged Medicaments for Venezuela between 2017 and 2018 were Turkey ($5.35M), Chile ($660k), and China ($648k).

Tariffs: In 2018, the average tariff for Venezuela in Packaged Medicaments was 7.92%. The countries with the highest import tariffs for Packaged Medicaments were Mexico (9.81%), Panama (8.92%), Angola (8.23%), Burundi (8.23%), and Benin (8.23%).

Value

EXPORTS (2018): $3.37M

IMPORTS (2018): $65.7M

NET TRADE (2018): -$62.4M

In 2018, Venezuela exported $3.37M in Packaged Medicaments. The main destinations of Venezuela exports on Packaged Medicaments were Canada ($1.37M), Brazil ($1.35M), Ecuador ($300k), Nicaragua ($114k), and Peru ($104k).

In 2018, Venezuela imported $65.7M in Packaged Medicaments, mainly from India ($34.5M), Germany ($6.43M), Turkey ($5.35M), China ($3.5M), and Colombia ($2.86M).

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

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

Flow

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

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

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Market Concentration

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

In 2018, Venezuela'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 Venezuela. 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 2018, the average tariff for Venezuela in Packaged Medicaments was 7.92%.

The countries with the highest tariffs for Packaged Medicaments in Venezuela were Mexico (9.81%), Panama (8.92%), Angola (8.23%), Burundi (8.23%), and Benin (8.23%).

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