Special Pharmaceuticals3006 (Harmonized System 1992 for 4-digit)
2020 World Trade: $13.5B, Rnk 245 / 1217
2020 Top Exporter | Top Importer: $2.57B | $2.5B, Germany | United States
2020 Product Complexity: 0.58, Rnk 327 / 1028
2019 - 2020 Export Growth (CAGR): -8.42%, Rnk 663 / 1217
2018 Mean Tariff: 2.31%, Rnk 1213 / 1259
2020 Share of World Trade: 0.081%, Rnk 245 / 1217
Overview This page contains the latest trade data of Special Pharmaceuticals. In 2020, Special Pharmaceuticals were the world's 245th most traded product, with a total trade of $13.5B. Between 2019 and 2020 the exports of Special Pharmaceuticals decreased by -8.42%, from $14.8B to $13.5B. Trade in Special Pharmaceuticals represent 0.081% of total world trade.
Special Pharmaceuticals are a part of Pharmaceutical products.
Exports In 2020 the top exporters of Special Pharmaceuticals were Germany ($2.57B), United States ($1.63B), Belgium ($1.01B), Netherlands ($714M), and Switzerland ($647M).
Imports In 2020 the top importers of Special Pharmaceuticals were United States ($2.5B), China ($1.02B), Belgium ($808M), Japan ($725M), and Germany ($721M).
Tariffs In 2018 the average tariff for Special Pharmaceuticals was 2.31%, making it the 1213th lowest tariff using the HS4 product classification.
Ranking Special Pharmaceuticals ranks 327th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Germany, $2.57B
Top Destination (2020): United States, $2.5B
Special Pharmaceuticals are the world's 245th most traded product.
In 2020, the top exporters of Special Pharmaceuticals were Germany ($2.57B), United States ($1.63B), Belgium ($1.01B), Netherlands ($714M), and Switzerland ($647M).
In 2020, the top importers of Special Pharmaceuticals were United States ($2.5B), China ($1.02B), Belgium ($808M), Japan ($725M), and Germany ($721M).
Trade by country
Between 2019 and 2020, the exports of Special Pharmaceuticals grew the fastest in Italy ($112M), Belgium ($74.5M), Singapore ($57.3M), Denmark ($34.6M), and Canada ($34.2M).
Between 2019 and 2020, the fastest growing importers of Special Pharmaceuticals were Austria ($201M), China ($105M), Ireland ($30.4M), Nigeria ($19.4M), and South Korea ($17.4M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Special Pharmaceuticals.
In 2020, market concentration measured using Shannon Entropy, was 4.42. This means that most of the exports of Special Pharmaceuticals are explained by 21 countries.
TOP NET EXPORTER (2020): Germany, $1.85B
TOP NET IMPORTER (2020): United States, $865M
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 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Special Pharmaceuticals were Germany ($1.85B), Finland ($596M), Ireland ($521M), Switzerland ($469M), and Netherlands ($347M).
In 2020, the countries that had a largest trade value in imports than in exports of Special Pharmaceuticals were United States ($865M), China ($505M), Japan ($504M), Russia ($358M), and Australia ($235M).
In 2020, the world most traded Special Pharmaceuticals, disaggragated by their HS6 level were Suture materials, sterile surgical and dental... ($4.72B), Opacifying preparations, x-ray, diagnostic reagents ($3.16B), Contraceptive preps based on hormones or... ($2.81B), Dental cements and other dental fillings,... ($1.97B), and Blood-grouping reagents ($490M)
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.
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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