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300431 (Harmonized System 1992 for 6-digit)

2023
World Trade $8.61BRnk 428 / 4644
2023
Top Exporter | Top Importer $2.44B | $1.23BGermany | United States
2023
Product Complexity 0.85Rnk 1033 / 4656
2022 - 2023
Export Growth (CAGR) -7.56%Rnk 2427 / 4644
2023
Share of World Trade 0.038%Rnk 428 / 4644

About

Overview This page contains the latest trade data of Insulin, in dosage. In 2023, Insulin, in dosage were the world's 428th most traded product, with a total trade of $8.61B. Between 2022 and 2023 the exports of Insulin, in dosage decreased by -7.56%, from $9.32B to $8.61B. Trade in Insulin, in dosage represent 0.038% of total world trade.

Insulin, in dosage are a part of Packaged Medicaments.

Exports In 2023 the top exporters of Insulin, in dosage  were Germany ($2.44B), Denmark ($1.84B), France ($1.7B), Italy ($592M), and United States ($502M).

Imports In 2023 the top importers of Insulin, in dosage were United States ($1.23B), France ($786M), Germany ($742M), Denmark ($456M), and Canada ($360M).

Ranking Insulin, in dosage ranks 1033rd in the Product Complexity Index (PCI).

Description Insulin is a hormone that is important in the regulation of carbohydrate, fat, and protein metabolism. It is used to treat diabetic patients who have either type 1 or type 2 diabetes, and it is also used to treat the symptoms of diabetes in type 2 patients. It is taken by injection and is used to help glucose enter cells, thus lowering the blood glucose levels.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Insulin, in dosage. 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 (2023)Germany$2.44B
Top Destination (2023)United States$1.23B

In 2023 Insulin, in dosage were the world's 428th most traded product (out of 4,644).

In 2023, the top exporters of Insulin, in dosage were Germany ($2.44B), Denmark ($1.84B), France ($1.7B), Italy ($592M), and United States ($502M).

In 2023, the top importers of Insulin, in dosage were United States ($1.23B), France ($786M), Germany ($742M), Denmark ($456M), and Canada ($360M).

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Exporters of Insulin, in dosage (2023)
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Importers of Insulin, in dosage (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$197M
Top Destination Growth (2022 -  2023)Germany$105M

Between 2022 and 2023, the exports of Insulin, in dosage grew the fastest in France ($197M), Singapore ($54.1M), Germany ($48.5M), India ($30.8M), and Slovenia ($29.1M).

Between 2022 and 2023, the fastest growing importers of Insulin, in dosage were Germany ($105M), Netherlands ($67.1M), Romania ($57.4M), United States ($55.6M), and United Kingdom ($40.8M).

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Exporters of Insulin, in dosage (2022 - 2023)

Importers of Insulin, in dosage (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.14. This means that most of the exports of Insulin, in dosage are explained by 8 countries.

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Value of Exports in Insulin, in dosage

Net Trade

TOP NET EXPORTER (2023)Germany$1.7B
TOP NET IMPORTER (2023)United States$725M

This map shows which countries export or import more of Insulin, in dosage. Each country is colored based on the difference in exports and imports of Insulin, in dosage during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Insulin, in dosage were Germany ($1.7B), Denmark ($1.38B), France ($910M), Italy ($389M), and Brazil ($241M).

In 2023, the countries that had a largest trade value in imports than in exports of Insulin, in dosage were United States ($725M), Canada ($341M), Japan ($231M), United Kingdom ($214M), and Netherlands ($206M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Insulin, in dosage 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 (2023)

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