HS Icon Packaged Medicaments

3004 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Packaged Medicaments. In 2020, Packaged Medicaments were the world's 7th most traded product, with a total trade of $410B. Between 2019 and 2020 the exports of Packaged Medicaments grew by 8.7%, from $378B to $410B. Trade in Packaged Medicaments represent 2.45% of total world trade.

Packaged Medicaments are a part of Pharmaceutical products. They include Medicaments nes, in dosage, Hormones nes, except contraceptives, in dosage, Antibiotics nes, in dosage, Insulin, in dosage, Adrenal cortical hormones, in dosage, Alkaloids, derivs, no antibiotics, hormones, in dosag, Vitamins, derivatives,in dosage, and Penicillins and streptomycins, derivs, in dosage.

Exports In 2020 the top exporters of Packaged Medicaments  were Germany ($60.9B), Switzerland ($46.3B), Ireland ($32.4B), France ($27.9B), and Italy ($26.7B).

Imports In 2020 the top importers of Packaged Medicaments were United States ($84.1B), Germany ($32.2B), Switzerland ($26.6B), China ($20.1B), and Italy ($18.7B).

Tariffs In 2018 the average tariff for Packaged Medicaments was 3.94%, making it the 1021st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Packaged Medicaments are Iran (17.6%), Nepal (14%), and French Polynesia (13.4%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).

Ranking Packaged Medicaments ranks 322nd in the Product Complexity Index (PCI).

Description Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those for transdermal administration" or in forms or packings for retail sale are used to treat or prevent a disease or condition.

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The following visualization shows the latest trends on Packaged 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.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Germany, $60.9B

Top Destination (2020): United States, $84.1B

Packaged Medicaments are the world's 7th most traded product.

In 2020, the top exporters of Packaged Medicaments were Germany ($60.9B), Switzerland ($46.3B), Ireland ($32.4B), France ($27.9B), and Italy ($26.7B).

In 2020, the top importers of Packaged Medicaments were United States ($84.1B), Germany ($32.2B), Switzerland ($26.6B), China ($20.1B), and Italy ($18.7B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): Ireland, $5.27B

Top Destination Growth (2019 - 2020): Switzerland, $6.26B

Between 2019 and 2020, the exports of Packaged Medicaments grew the fastest in Ireland ($5.27B), Germany ($4.1B), Singapore ($4.01B), Belgium ($3.73B), and Sweden ($2.03B).

Between 2019 and 2020, the fastest growing importers of Packaged Medicaments were Switzerland ($6.26B), United States ($5.14B), Germany ($4.98B), China ($2.72B), and France ($2.61B).

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Market Concentration

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Cumulative market share

Value

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

In 2020,  market concentration measured using Shannon Entropy, was 4.47. This means that most of the exports of Packaged Medicaments are explained by 22 countries.

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TOP NET EXPORTER (2020): Germany, $28.7B

TOP NET IMPORTER (2020): United States, $58.1B

This map shows which countries export or import more of Packaged Medicaments. Each country is colored based on the difference in exports and imports of Packaged Medicaments during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Packaged Medicaments were Germany ($28.7B), Ireland ($28.3B), Switzerland ($19.7B), India ($16.5B), and Denmark ($10.8B).

In 2020, the countries that had a largest trade value in imports than in exports of Packaged Medicaments were United States ($58.1B), China ($16B), Japan ($7.99B), Russia ($6.37B), and Australia ($3.23B).

Disaggregation

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Value

In 2019, the world most traded Packaged Medicaments, disaggragated by their HS6 level were Medicaments nes, in dosage ($324B), Hormones nes, except contraceptives, in dosage ($36.5B), Antibiotics nes, in dosage ($15.4B), Insulin, in dosage ($11.2B), and Adrenal cortical hormones, in dosage ($9.71B)

Country Comparison

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

Import Tariffs

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In 2018, the average tariff for importing Packaged Medicaments was 3.94%. The countries with the highest tariffs for importing Packaged Medicaments were Iran (17.6%), Nepal (14%), and French Polynesia (13.4%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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