Medicaments nes, in dosage300490 (Harmonized System 1992 for 6-digit)
2020 World Trade: $324B, Rnk 6 / 4613
2020 Top Exporter | Top Importer: $49.5B | $66.2B, Germany | United States
2020 Product Complexity: 0.42, Rnk 1799 / 4783
2019 - 2020 Export Growth (CAGR): 9.44%, Rnk 506 / 4613
2018 Mean Tariff: 3.37%, Rnk 5566 / 6538
2020 Share of World Trade: 1.94%, Rnk 6 / 4613
Overview This page contains the latest trade data of Medicaments nes, in dosage. In 2020, Medicaments nes, in dosage were the world's 6th most traded product, with a total trade of $324B. Between 2019 and 2020 the exports of Medicaments nes, in dosage grew by 9.44%, from $296B to $324B. Trade in Medicaments nes, in dosage represent 1.94% of total world trade.
Medicaments nes, in dosage are a part of Packaged Medicaments.
Exports In 2020 the top exporters of Medicaments nes, in dosage were Germany ($49.5B), Switzerland ($41.8B), Ireland ($29.1B), United States ($22.4B), and Italy ($19.1B).
Imports In 2020 the top importers of Medicaments nes, in dosage were United States ($66.2B), Germany ($27.7B), Switzerland ($20.9B), China ($15.4B), and France ($13.5B).
Tariffs In 2018 the average tariff for Medicaments nes, in dosage was 3.37%, making it the 5566th lowest tariff using the HS6 product classification.
Ranking Medicaments nes, in dosage ranks 1799th in the Product Complexity Index (PCI).
Description A medicament is a drug or medication for treating a disease or symptom. Medicaments are usually taken by mouth, but sometimes they are injected into the body. There are many different types of medicaments, for example, a painkiller or a medicine to treat an infection. Medicaments can be prescription or over the counter.
The following visualization shows the latest trends on Medicaments nes, 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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Germany, $49.5B
Top Destination (2020): United States, $66.2B
Medicaments nes, in dosage are the world's 6th most traded product.
In 2020, the top exporters of Medicaments nes, in dosage were Germany ($49.5B), Switzerland ($41.8B), Ireland ($29.1B), United States ($22.4B), and Italy ($19.1B).
In 2020, the top importers of Medicaments nes, in dosage were United States ($66.2B), Germany ($27.7B), Switzerland ($20.9B), China ($15.4B), and France ($13.5B).
Trade by country
Top Origin Growth (2019 - 2020): Ireland, $5.01B
Top Destination Growth (2019 - 2020): United States, $5.43B
Between 2019 and 2020, the exports of Medicaments nes, in dosage grew the fastest in Ireland ($5.01B), Singapore ($4.11B), Germany ($3.4B), Belgium ($3.29B), and Sweden ($1.97B).
Between 2019 and 2020, the fastest growing importers of Medicaments nes, in dosage were United States ($5.43B), Switzerland ($5.3B), Germany ($4.48B), China ($1.9B), and Slovenia ($1.67B).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Medicaments nes, in dosage.
In 2020, market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Medicaments nes, in dosage are explained by 20 countries.
TOP NET EXPORTER (2020): Ireland, $25.4B
TOP NET IMPORTER (2020): United States, $43.8B
This map shows which countries export or import more of Medicaments nes, in dosage. Each country is colored based on the difference in exports and imports of Medicaments nes, in dosage during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Medicaments nes, in dosage were Ireland ($25.4B), Germany ($21.7B), Switzerland ($20.8B), India ($14.1B), and Singapore ($8.42B).
In 2020, the countries that had a largest trade value in imports than in exports of Medicaments nes, in dosage were United States ($43.8B), China ($12.7B), Japan ($6.07B), Russia ($5.19B), and Australia ($2.81B).
This visualization shows the countries that have an important ratio of their trade related to Medicaments nes, in dosage. It is possible to select the main countries that export or import Medicaments nes, in dosage in the world, or by continent, as well as select the measure of interest.
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.
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