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Pharmaceutical goods

3006 (Harmonized System 1992 for 4-digit)

2023
World Trade $17.3BRnk 234 / 1217
2023
Top Exporter | Top Importer $3.28B | $3.5BGermany | United States
2023
Product Complexity 0.51Rnk 367 / 1044
2022 - 2023
Export Growth (CAGR) 5.28%Rnk 243 / 1217
2023
Share of World Trade 0.077%Rnk 234 / 1217

About

Overview This page contains the latest trade data of Special Pharmaceuticals. In 2023, Special Pharmaceuticals were the world's 234th most traded product, with a total trade of $17.3B. Between 2022 and 2023 the exports of Special Pharmaceuticals grew by 5.28%, from $16.4B to $17.3B. Trade in Special Pharmaceuticals represent 0.077% of total world trade.

Special Pharmaceuticals are a part of Pharmaceutical products. They include Suture materials, sterile surgical and dental goods, Opacifying preparations, x-ray, diagnostic reagents, Contraceptive preps based on hormones or spermicides, Dental cements and other dental fillings, bone cement, Blood-grouping reagents, and First-aid boxes and kits.

Exports In 2023 the top exporters of Special Pharmaceuticals  were Germany ($3.28B), United States ($2.16B), Netherlands ($1.28B), Ireland ($1.01B), and Switzerland ($896M).

Imports In 2023 the top importers of Special Pharmaceuticals were United States ($3.5B), China ($1.3B), Germany ($1.2B), Belgium ($1.16B), and Japan ($635M).

Ranking Special Pharmaceuticals ranks 367th in the Product Complexity Index (PCI).

Description Pharmaceutical preparations and products are used for a variety of purposes, such as first-aid kits, contraceptives, hormones, blood grouping reagents, opacifying preparations for x-rays, surgical materials or dental filling cements.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Special Pharmaceuticals. 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$3.28B
Top Destination (2023)United States$3.5B

In 2023 Special Pharmaceuticals were the world's 234th most traded product (out of 1,217).

In 2023, the top exporters of Special Pharmaceuticals were Germany ($3.28B), United States ($2.16B), Netherlands ($1.28B), Ireland ($1.01B), and Switzerland ($896M).

In 2023, the top importers of Special Pharmaceuticals were United States ($3.5B), China ($1.3B), Germany ($1.2B), Belgium ($1.16B), and Japan ($635M).

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Exporters of Special Pharmaceuticals (2023)
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Importers of Special Pharmaceuticals (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$383M
Top Destination Growth (2022 -  2023)China$155M

Between 2022 and 2023, the exports of Special Pharmaceuticals grew the fastest in Germany ($383M), United States ($142M), Ireland ($133M), France ($88.8M), and Poland ($76.4M).

Between 2022 and 2023, the fastest growing importers of Special Pharmaceuticals were China ($155M), Belgium ($121M), Netherlands ($116M), France ($97.5M), and Germany ($73.5M).

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Exporters of Special Pharmaceuticals (2022 - 2023)

Importers of Special Pharmaceuticals (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Special Pharmaceuticals.

In 2023, market concentration measured using Shannon Entropy, was 4.41. This means that most of the exports of Special Pharmaceuticals are explained by 21 countries.

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Value of Exports in Special Pharmaceuticals

Net Trade

TOP NET EXPORTER (2023)Germany$2.08B
TOP NET IMPORTER (2023)United States$1.33B

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

In 2023, the countries that had a largest trade value in exports than in imports of Special Pharmaceuticals were Germany ($2.08B), Ireland ($931M), Netherlands ($706M), Switzerland ($663M), and Finland ($584M).

In 2023, the countries that had a largest trade value in imports than in exports of Special Pharmaceuticals were United States ($1.33B), China ($801M), Belgium ($410M), Russia ($398M), and Saudi Arabia ($346M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Special Pharmaceuticals, disaggragated by their HS6 level were Suture materials, sterile surgical and dental... ($5.21B), Opacifying preparations, x-ray, diagnostic reagents ($3.97B), Contraceptive preps based on hormones or... ($3.64B), Dental cements and other dental fillings,... ($3.13B), and Blood-grouping reagents ($927M)

HS6 Disaggregation for Special Pharmaceuticals (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Special Pharmaceuticals by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $14.5M
TOP IMPORT POTENTIALGermany+ $2.44M

Special Pharmaceuticals’s highest export potential is China. With an export gap of $14.5M.  Special Pharmaceuticals’s highest import potential is Germany with an import gap of $2.44M.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Special Pharmaceuticals.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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