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Pricing

Medicaments; (not goods of heading no. 3002, 3005 or 3006) of two or more constituents mixed together for therapeutic or prophylactic use not in measured doses or in forms or packings for retail sale

3003 (Harmonized System 1992 for 4-digit)

2022
World Trade $11.7BRnk 339 / 1218
2022
Top Exporter | Top Importer $1.31B | $1.37BUnited States | United States
2022
Product Complexity 0.65Rnk 311 / 1033
2021 - 2022
Export Growth (CAGR) 20.2%Rnk 174 / 1218
2022
Share of World Trade 0.049%Rnk 339 / 1218

About

Overview This page contains the latest trade data of Unpackaged Medicaments. In 2022, Unpackaged Medicaments were the world's 339th most traded product, with a total trade of $11.7B. Between 2021 and 2022 the exports of Unpackaged Medicaments grew by 20.2%, from $9.69B to $11.7B. Trade in Unpackaged Medicaments represent 0.049% of total world trade.

Unpackaged Medicaments are a part of Pharmaceutical products. They include Medicaments nes, formulated, in bulk, Antibiotics nes, formulated, in bulk, Hormones nes, no antibiotics, bulk, not contraceptive, Penicillins or streptomycins and derivatives, in bulk, Alkaloids, derivs, without antibiotics, hormones, bul, and Insulin, formulated, in bulk.

Exports In 2022 the top exporters of Unpackaged Medicaments  were United States ($1.31B), Israel ($1.25B), China ($1.05B), Portugal ($923M), and Switzerland ($781M).

Imports In 2022 the top importers of Unpackaged Medicaments were United States ($1.37B), United Kingdom ($1.35B), Germany ($971M), Ireland ($686M), and Spain ($603M).

Ranking Unpackaged Medicaments ranks 311th in the Product Complexity Index (PCI).

Description Examples of medicaments consisting of two or more constituents mixed together for therapeutic or prophylactic uses are antibiotics, which are used to treat bacterial infections, and vaccines, which are used to prevent diseases.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Unpackaged Medicaments. Countries are shown based on data availability.

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

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)United States$1.31B
Top Destination (2022)United States$1.37B

In 2022 Unpackaged Medicaments were the world's 339th most traded product (out of 1,218).

In 2022, the top exporters of Unpackaged Medicaments were United States ($1.31B), Israel ($1.25B), China ($1.05B), Portugal ($923M), and Switzerland ($781M).

In 2022, the top importers of Unpackaged Medicaments were United States ($1.37B), United Kingdom ($1.35B), Germany ($971M), Ireland ($686M), and Spain ($603M).

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Exporters of Unpackaged Medicaments (2022)
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Importers of Unpackaged Medicaments (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Israel$812M
Top Destination Growth (2021 -  2022)United Kingdom$809M

Between 2021 and 2022, the exports of Unpackaged Medicaments grew the fastest in Israel ($812M), Portugal ($715M), Switzerland ($224M), Singapore ($166M), and China ($158M).

Between 2021 and 2022, the fastest growing importers of Unpackaged Medicaments were United Kingdom ($809M), United States ($539M), Spain ($312M), Canada ($290M), and Germany ($167M).

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Exporters of Unpackaged Medicaments (2021 - 2022)

Importers of Unpackaged Medicaments (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Unpackaged Medicaments.

In 2022, market concentration measured using Shannon Entropy, was 4.63. This means that most of the exports of Unpackaged Medicaments are explained by 24 countries.

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Value of Exports in Unpackaged Medicaments

Net Trade

TOP NET EXPORTER (2022)Israel$1.23B
TOP NET IMPORTER (2022)United Kingdom$1.14B

This map shows which countries export or import more of Unpackaged Medicaments. Each country is colored based on the difference in exports and imports of Unpackaged Medicaments during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Unpackaged Medicaments were Israel ($1.23B), Portugal ($817M), China ($653M), Switzerland ($468M), and Singapore ($418M).

In 2022, the countries that had a largest trade value in imports than in exports of Unpackaged Medicaments were United Kingdom ($1.14B), Ireland ($351M), Canada ($324M), Germany ($304M), and Russia ($212M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Unpackaged Medicaments, disaggragated by their HS6 level were Medicaments nes, formulated, in bulk ($8.84B), Antibiotics nes, formulated, in bulk ($1.05B), Hormones nes, no antibiotics, bulk, not... ($1.02B), Penicillins or streptomycins and derivatives, in... ($405M), and Alkaloids, derivs, without antibiotics, hormones, bul ($310M)

HS6 Disaggregation for Unpackaged Medicaments (2022)
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Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Unpackaged Medicaments.
It is possible to select the main countries that export or import Unpackaged Medicaments in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Unpackaged Medicaments by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Unpackaged Medicaments.

Country by Relatedness

The following visualization shows the relatedness of Unpackaged Medicaments to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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