Overview: In 2018, Packaged Medicaments were the world's 7th most traded product, with a total trade of $367B. Between 2017 and 2018 the exports of Packaged Medicaments grew by 10.5%, from $333B to $367B. Trade in Packaged Medicaments represent 2% of total world trade.
Exports: In 2018 the top exporters of Packaged Medicaments were Germany ($55.9B), Switzerland ($44.1B), Ireland ($28.1B), France ($25.7B), and United States ($25.4B).
Imports: In 2018 the top importers of Packaged Medicaments were United States ($71.3B), Germany ($27.6B), Switzerland ($19B), United Kingdom ($17B), and Italy ($16.9B).
Tariffs: In 2018 the average tariff for Packaged Medicaments was 4.01%, been the 989 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Packaged Medicaments are Iran (31%), Nepal (14%), Pakistan (12.4%), Tunisia (10%), and Jamaica (9.58%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).
Ranking: Packaged Medicaments ranks 270th in the Product Complexity Index (PCI).