HS Icon Unpackaged Medicaments

3003 (Harmonized System 1992 for 4-digit)

World Trade (2018): $17.6B, Rnk 210 / 1225

Top Exporter (2018): $6.71B, Germany

Top Importer (2018): $6.56B, Ireland

Product Complexity (2018): 0.46, Rnk 390 / 1018

Export Growth (CAGR)(2017 - 2018): 102%, Rnk 14 / 1225

Mean Tariff (2018): 3.99%, Rnk 997 / 1259

Share of World Trade (2018): 0.096%, Rnk 210 / 1225

Overview:  This page contains the latest trade data of Unpackaged Medicaments. In 2018, Unpackaged Medicaments were the world's 210th most traded product, with a total trade of $17.6B. Between 2017 and 2018 the exports of Unpackaged Medicaments grew by 102%, from  $8.72B to $17.6B. Trade in Unpackaged Medicaments represent 0.096% of total world trade.

Exports: In 2018 the top exporters of Unpackaged Medicaments  were Germany ($6.71B), Netherlands ($1.69B), United States ($1.33B), United Kingdom ($777M), and China ($749M).

Imports: In 2018 the top importers of Unpackaged Medicaments were Ireland ($6.56B), United Kingdom ($1.93B), United States ($1.8B), Germany ($1.07B), and Netherlands ($549M).

Tariffs: In 2018 the average tariff for Unpackaged Medicaments was 3.99%, been the 997 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Unpackaged Medicaments are Iran (34.5%), Nepal (14.1%), Morocco (11.6%), Pakistan (10.8%), and Tunisia (10%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).

Ranking: Unpackaged Medicaments ranks 390th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $6.71B

Top Destination (2018): Ireland, $6.56B

Unpackaged Medicaments are the world's 210th most traded product.

In 2018, the top exporters of Unpackaged Medicaments were Germany ($6.71B), Netherlands ($1.69B), United States ($1.33B), United Kingdom ($777M), and China ($749M).

In 2018, the top importers of Unpackaged Medicaments were Ireland ($6.56B), United Kingdom ($1.93B), United States ($1.8B), Germany ($1.07B), and Netherlands ($549M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $5.19B

Top Destination Growth (2017 - 2018): Ireland, $4.73B

Between 2017 and 2018, the exports of Unpackaged Medicaments grew the fastest in Germany ($5.19B), Netherlands ($1.33B), Singapore ($597M), United Kingdom ($409M), and Israel ($408M).

Between 2017 and 2018, the fastest growing importers of Unpackaged Medicaments were Ireland ($4.73B), United Kingdom ($1.44B), United States ($1.2B), Germany ($490M), and Netherlands ($290M).

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Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 3.79. This means that most of the exports of Unpackaged Medicaments are explained by 13 countries.

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TOP NET EXPORTER (2018): Germany, $5.63B

TOP NET IMPORTER (2018): Ireland, $6.34B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Unpackaged Medicaments were Germany ($5.63B), Netherlands ($1.14B), Singapore ($580M), China ($535M), and Israel ($400M).

In 2018, the countries that had a largest trade value in imports than in exports of Unpackaged Medicaments were Ireland ($6.34B), United Kingdom ($1.15B), United States ($475M), Algeria ($153M), and Brazil ($147M).

Trade Forecasts

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This section shows forecasts for total trade for Unpackaged Medicaments. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Unpackaged Medicaments was 3.99%.  The countries with the highest tariffs for importing Unpackaged Medicaments were Iran (34.5%), Nepal (14.1%), Morocco (11.6%), Pakistan (10.8%), and Tunisia (10%).

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Product Complexity

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Diversification Frontier

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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.