Overview: This page contains the latest trade data of Packaged Medicaments. In 2019, Packaged Medicaments were the world's 7th most traded product, with a total trade of $389B. Between 2018 and 2019 the exports of Packaged Medicaments grew by 5.33%, from $370B to $389B. Trade in Packaged Medicaments represent 2.15% of total world trade.
Exports: In 2019 the top exporters of Packaged Medicaments were Germany ($56.8B), Switzerland ($46.2B), Ireland ($27.8B), United States ($27.5B), and France ($26.3B).
Imports: In 2019 the top importers of Packaged Medicaments were United States ($79.5B), Germany ($30.5B), Switzerland ($20.4B), Belgium ($18.6B), and China ($17.8B).
Tariffs: In 2018 the average tariff for Packaged Medicaments was 4.01%, making it the 989th 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 340th 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.