HS Icon Unpackaged Medicaments

Medicaments; (not goods of heading no. 3002, 3005 or 3006) of two or more constituents mixed together for therapeutic or prophylactic use not in measured doses or in forms or packings for retail sale

3003 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Unpackaged Medicaments. In 2021, Unpackaged Medicaments were the world's 366th most traded product, with a total trade of $9.68B. Between 2020 and 2021 the exports of Unpackaged Medicaments decreased by -9.22%, from $10.7B to $9.68B. Trade in Unpackaged Medicaments represent 0.046% of total world trade.

Unpackaged Medicaments are a part of Pharmaceutical products. They include Medicaments nes, formulated, in bulk, Antibiotics nes, formulated, in bulk, Hormones nes, no antibiotics, bulk, not contraceptive, Penicillins or streptomycins and derivatives, in bulk, Alkaloids, derivs, without antibiotics, hormones, bul, and Insulin, formulated, in bulk.

Exports In 2021 the top exporters of Unpackaged Medicaments  were United States ($1.33B), China ($901M), Germany ($686M), Switzerland ($557M), and Spain ($521M).

Imports In 2021 the top importers of Unpackaged Medicaments were United States ($836M), Germany ($821M), Ireland ($805M), United Kingdom ($541M), and Denmark ($322M).

Tariffs In 2018 the average tariff for Unpackaged Medicaments was 3.92%, making it the 1030th lowest tariff using the HS4 product classification.

Ranking Unpackaged Medicaments ranks 361st in the Product Complexity Index (PCI).

Description Examples of medicaments consisting of two or more constituents mixed together for therapeutic or prophylactic uses are antibiotics, which are used to treat bacterial infections, and vaccines, which are used to prevent diseases.

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Y-AXIS SCALE

The following visualization shows the latest trends on Unpackaged 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 (2021): United States, $1.33B

Top Destination (2021): United States, $836M

Unpackaged Medicaments are the world's 366th most traded product.

In 2021, the top exporters of Unpackaged Medicaments were United States ($1.33B), China ($901M), Germany ($686M), Switzerland ($557M), and Spain ($521M).

In 2021, the top importers of Unpackaged Medicaments were United States ($836M), Germany ($821M), Ireland ($805M), United Kingdom ($541M), and Denmark ($322M).

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Market Dynamics

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Trade by country

Color

Top Origin Growth (2020 -  2021): Singapore, $191M

Top Destination Growth (2020 -  2021): United Kingdom, $242M

Between 2020 and 2021, the exports of Unpackaged Medicaments grew the fastest in Singapore ($191M), Israel ($86.2M), Denmark ($76M), Sweden ($44.8M), and Japan ($36.3M).

Between 2020 and 2021, the fastest growing importers of Unpackaged Medicaments were United Kingdom ($242M), China ($193M), Mauritania ($155M), United States ($89.7M), and Bulgaria ($66.9M).

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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 Unpackaged Medicaments.

In 2021, market concentration measured using Shannon Entropy, was 4.75. This means that most of the exports of Unpackaged Medicaments are explained by 26 countries.

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TOP NET EXPORTER (2021): China, $591M

TOP NET IMPORTER (2021): Ireland, $527M

This map shows which countries export or import more of Unpackaged Medicaments. Each country is colored based on the difference in exports and imports of Unpackaged Medicaments during 2021.

In 2021, the countries that had a largest trade value in exports than in imports of Unpackaged Medicaments were China ($591M), United States ($492M), Israel ($425M), India ($318M), and Switzerland ($278M).

In 2021, the countries that had a largest trade value in imports than in exports of Unpackaged Medicaments were Ireland ($527M), United Kingdom ($356M), Russia ($231M), Saudi Arabia ($209M), and Algeria ($146M).

Disaggregation

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Value

In 2021, the world most traded Unpackaged Medicaments, disaggragated by their HS6 level were Medicaments nes, formulated, in bulk ($6.86B), Antibiotics nes, formulated, in bulk ($1.03B), Hormones nes, no antibiotics, bulk, not... ($1.03B), Penicillins or streptomycins and derivatives, in... ($459M), and Alkaloids, derivs, without antibiotics, hormones, bul ($222M)

Country Comparison

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Ranking

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

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 Unpackaged Medicaments to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.