Overview This page contains the latest trade data of Packaged Medicaments. In 2020, Packaged Medicaments were the world's 7th most traded product, with a total trade of $410B. Between 2019 and 2020 the exports of Packaged Medicaments grew by 8.7%, from $378B to $410B. Trade in Packaged Medicaments represent 2.45% of total world trade.
Packaged Medicaments are a part of Pharmaceutical products. They include Medicaments nes, in dosage, Hormones nes, except contraceptives, in dosage, Antibiotics nes, in dosage, Insulin, in dosage, Adrenal cortical hormones, in dosage, Alkaloids, derivs, no antibiotics, hormones, in dosag, Vitamins, derivatives,in dosage, and Penicillins and streptomycins, derivs, in dosage.
Exports In 2020 the top exporters of Packaged Medicaments were Germany ($60.9B), Switzerland ($46.3B), Ireland ($32.4B), France ($27.9B), and Italy ($26.7B).
Imports In 2020 the top importers of Packaged Medicaments were United States ($84.1B), Germany ($32.2B), Switzerland ($26.6B), China ($20.1B), and Italy ($18.7B).
Tariffs In 2018 the average tariff for Packaged Medicaments was 3.94%, making it the 1021st lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Packaged Medicaments are Iran (17.6%), Nepal (14%), and French Polynesia (13.4%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).
Ranking Packaged Medicaments ranks 322nd in the Product Complexity Index (PCI).
Description Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale are used to treat or prevent a disease or condition.