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293791 (Harmonized System 1992 for 6-digit)

2022
World Trade $2.51BRnk 1289 / 4648
2022
Top Exporter | Top Importer $1.38B | $1.2BDenmark | China
2022
Product Complexity 0.64Rnk 1381 / 4653
2021 - 2022
Export Growth (CAGR) -12.4%Rnk 4074 / 4648
2022
Share of World Trade 0.011%Rnk 1289 / 4648

About

Overview This page contains the latest trade data of Insulin, salts, in bulk. In 2022, Insulin, salts, in bulk were the world's 1289th most traded product, with a total trade of $2.51B. Between 2021 and 2022 the exports of Insulin, salts, in bulk decreased by -12.4%, from $2.87B to $2.51B. Trade in Insulin, salts, in bulk represent 0.011% of total world trade.

Insulin, salts, in bulk are a part of Hormones.

Exports In 2022 the top exporters of Insulin, salts, in bulk  were Denmark ($1.38B), United States ($885M), Portugal ($94.9M), India ($42.6M), and France ($28.4M).

Imports In 2022 the top importers of Insulin, salts, in bulk were China ($1.2B), Italy ($506M), France ($374M), United States ($133M), and Denmark ($95.8M).

Ranking Insulin, salts, in bulk ranks 1381st in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Insulin, salts, 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)Denmark$1.38B
Top Destination (2022)China$1.2B

In 2022 Insulin, salts, in bulk were the world's 1289th most traded product (out of 4,648).

In 2022, the top exporters of Insulin, salts, in bulk were Denmark ($1.38B), United States ($885M), Portugal ($94.9M), India ($42.6M), and France ($28.4M).

In 2022, the top importers of Insulin, salts, in bulk were China ($1.2B), Italy ($506M), France ($374M), United States ($133M), and Denmark ($95.8M).

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

Color
Top Origin Growth (2021 -  2022)France$10.1M
Top Destination Growth (2021 -  2022)Mexico$10.2M

Between 2021 and 2022, the exports of Insulin, salts, in bulk grew the fastest in France ($10.1M), Poland ($3.57M), Italy ($3.32M), Switzerland ($1.97M), and Malaysia ($1.66M).

Between 2021 and 2022, the fastest growing importers of Insulin, salts, in bulk were Mexico ($10.2M), India ($5.64M), United States ($3.31M), Germany ($3.3M), and Pakistan ($1.76M).

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

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

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 1.6. This means that most of the exports of Insulin, salts, in bulk are explained by 3 countries.

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Value of Exports in Insulin, salts, in bulk

Net Trade

TOP NET EXPORTER (2022)Denmark$1.29B
TOP NET IMPORTER (2022)China$1.18B

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

In 2022, the countries that had a largest trade value in exports than in imports of Insulin, salts, in bulk were Denmark ($1.29B), United States ($752M), Portugal ($94.8M), Malaysia ($23.7M), and Switzerland ($5.32M).

In 2022, the countries that had a largest trade value in imports than in exports of Insulin, salts, in bulk were China ($1.18B), Italy ($503M), France ($345M), Mexico ($28.5M), and Brazil ($18M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Insulin, salts, 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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