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300331 (Harmonized System 1992 for 6-digit)

2022
World Trade $24.2MRnk 4465 / 4648
2022
Top Exporter | Top Importer $7.43M | $10.7MUnited States | Denmark
2022
Product Complexity 0.73Rnk 1229 / 4653
2021 - 2022
Export Growth (CAGR) -70.9%Rnk 4574 / 4648
2022
Share of World Trade 0.0001%Rnk 4465 / 4648

About

Overview This page contains the latest trade data of Insulin, formulated, in bulk. In 2022, Insulin, formulated, in bulk were the world's 4465th most traded product, with a total trade of $24.2M. Between 2021 and 2022 the exports of Insulin, formulated, in bulk decreased by -70.9%, from $83.1M to $24.2M. Trade in Insulin, formulated, in bulk represent 0.0001% of total world trade.

Insulin, formulated, in bulk are a part of Unpackaged Medicaments.

Exports In 2022 the top exporters of Insulin, formulated, in bulk  were United States ($7.43M), Austria ($3.66M), Denmark ($3.11M), China ($1.94M), and France ($1.46M).

Imports In 2022 the top importers of Insulin, formulated, in bulk were Denmark ($10.7M), India ($3.07M), Nigeria ($2.62M), United Kingdom ($1.12M), and Czechia ($1.05M).

Ranking Insulin, formulated, in bulk ranks 1229th in the Product Complexity Index (PCI).

Description Insulin is typically used to help control blood sugar levels, which help your body to use the food you eat for energy. It is used to help treat diabetes, also known as "sugar diabetes". It can also be used to help people who are not diabetic, but have low blood sugar, to help them feel more alert and awake.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Insulin, formulated, in bulk. Countries are shown based on data availability.

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

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* 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$7.43M
Top Destination (2022)Denmark$10.7M

In 2022 Insulin, formulated, in bulk were the world's 4465th most traded product (out of 4,648).

In 2022, the top exporters of Insulin, formulated, in bulk were United States ($7.43M), Austria ($3.66M), Denmark ($3.11M), China ($1.94M), and France ($1.46M).

In 2022, the top importers of Insulin, formulated, in bulk were Denmark ($10.7M), India ($3.07M), Nigeria ($2.62M), United Kingdom ($1.12M), and Czechia ($1.05M).

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Exporters of Insulin, formulated, in bulk (2022)
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Importers of Insulin, formulated, in bulk (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$1.82M
Top Destination Growth (2021 -  2022)India$2.48M

Between 2021 and 2022, the exports of Insulin, formulated, in bulk grew the fastest in China ($1.82M), Malaysia ($1.24M), France ($763k), Romania ($677k), and Switzerland ($638k).

Between 2021 and 2022, the fastest growing importers of Insulin, formulated, in bulk were India ($2.48M), United Kingdom ($687k), Indonesia ($650k), Czechia ($508k), and Fiji ($331k).

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Exporters of Insulin, formulated, in bulk (2021 - 2022)

Importers of Insulin, formulated, in bulk (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Insulin, formulated, in bulk.

In 2022, market concentration measured using Shannon Entropy, was 3.4. This means that most of the exports of Insulin, formulated, in bulk are explained by 10 countries.

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Value of Exports in Insulin, formulated, in bulk

Net Trade

TOP NET EXPORTER (2022)United States$7.4M
TOP NET IMPORTER (2022)Denmark$7.59M

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

In 2022, the countries that had a largest trade value in exports than in imports of Insulin, formulated, in bulk were United States ($7.4M), Austria ($3.49M), China ($1.78M), Malaysia ($1.24M), and France ($1.14M).

In 2022, the countries that had a largest trade value in imports than in exports of Insulin, formulated, in bulk were Denmark ($7.59M), India ($2.91M), United Kingdom ($959k), Indonesia ($756k), and Czechia ($475k).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Insulin, formulated, in bulk 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)

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