2022
Exports
$32.4MWorld Rnk 33 / 199
Flag Rnk 309 / 1208
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$241MWorld Rnk 16 / 220
Flag Rnk 201 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $32.4M in Special Pharmaceuticals, making it the 33rd largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 309th most exported product in Australia. The main destination of Special Pharmaceuticals exports from Australia are: Germany ($4.21M), Chinese Taipei ($2.92M), New Zealand ($2.54M), Saudi Arabia ($1.78M), and United Arab Emirates ($1.59M).

The fastest growing export markets for Special Pharmaceuticals of Australia between 2021 and 2022 were Chinese Taipei ($2.45M), Poland ($1.47M), and Norway ($1.31M).

Imports In 2022, Australia imported $241M in Special Pharmaceuticals, becoming the 16th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 201st most imported product in Australia. Australia imports Special Pharmaceuticals primarily from: United States ($64.3M), Germany ($44.5M), China ($39.5M), Japan ($12.6M), and Netherlands ($11.9M).

The fastest growing import markets in Special Pharmaceuticals for Australia between 2021 and 2022 were Ireland ($4.04M), Belgium ($2.51M), and Spain ($607k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Special Pharmaceuticals. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$32.4M
IMPORTS (2022)$241M
NET TRADE (2022)-$209M

In 2022, Australia exported $32.4M in Special Pharmaceuticals. The main destinations of Australia exports on Special Pharmaceuticals were Germany ($4.21M), Chinese Taipei ($2.92M), New Zealand ($2.54M), Saudi Arabia ($1.78M), and United Arab Emirates ($1.59M).

In 2022, Australia imported $241M in Special Pharmaceuticals, mainly from United States ($64.3M), Germany ($44.5M), China ($39.5M), Japan ($12.6M), and Netherlands ($11.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Chinese Taipei$2.45M (525%)
Poland$1.47M (31.1k%)
Norway$1.31M (2.66k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Australia WERE (2021 - 2022):
United States-$2.83M (-69.8%)
Germany-$327k (-7.21%)
Ukraine-$323k (-77.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Special Pharmaceuticals were:
In 2022, Australia's main importing competitors in Special Pharmaceuticals were:

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.73M
TOP IMPORT POTENTIALIndia+ $4.06M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $5.73M.   Special Pharmaceuticals’s highest import potential is India with an import gap of $4.06M.

See methodology.

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