HS Icon Medicaments nes, in dosage

300490 (Harmonized System 1992 for 6-digit)

World Trade (2018): $290B, Rnk 6 / 4726

Top Exporter (2018): $45.1B, Germany

Top Importer (2018): $55.7B, United States

Product Complexity (2018): 0.58, Rnk 1526 / 4873

Export Growth (CAGR)(2017 - 2018): 9.47%, Rnk 2758 / 4726

Mean Tariff (2018): 3.22%, Rnk 5586 / 6538

Share of World Trade (2018): 1.58%, Rnk 6 / 4726

Overview: In 2018, Medicaments nes, in dosage were the world's 6th most traded product, with a total trade of $290B. Between 2017 and 2018 the exports of Medicaments nes, in dosage grew by 9.47%, from  $265B to $290B. Trade in Medicaments nes, in dosage represent 1.58% of total world trade.

Exports: In 2018 the top exporters of Medicaments nes, in dosage  were Germany ($45.1B), Switzerland ($39.4B), Ireland ($25.9B), United States ($22.4B), and Belgium-Luxembourg ($18.1B).

Imports: In 2018 the top importers of Medicaments nes, in dosage were United States ($55.7B), Germany ($23.6B), Switzerland ($14.5B), United Kingdom ($14B), and Netherlands ($13.8B).

Tariffs: In 2018 the average tariff for Medicaments nes, in dosage was 3.22%, been the 5586 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Medicaments nes, in dosage are Iran (14.5%), Pakistan (14.2%), Bermuda (12.5%), Barbados (11.4%), and Nepal (11.2%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Ghana (0%), Guinea (0%), and Kenya (0%).

Ranking: Medicaments nes, in dosage ranks 1526th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $45.1B

Top Destination (2018): United States, $55.7B

Medicaments nes, in dosage are the world's 6th most traded product.

In 2018, the top exporters of Medicaments nes, in dosage were Germany ($45.1B), Switzerland ($39.4B), Ireland ($25.9B), United States ($22.4B), and Belgium-Luxembourg ($18.1B).

In 2018, the top importers of Medicaments nes, in dosage were United States ($55.7B), Germany ($23.6B), Switzerland ($14.5B), United Kingdom ($14B), and Netherlands ($13.8B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Switzerland, $7.45B

Top Destination Growth (2017 - 2018): Netherlands, $6.19B

Between 2017 and 2018, the exports of Medicaments nes, in dosage grew the fastest in Switzerland ($7.45B), Belgium-Luxembourg ($6.31B), Germany ($4.89B), Netherlands ($3.56B), and Singapore ($2B).

Between 2017 and 2018, the fastest growing importers of Medicaments nes, in dosage were Netherlands ($6.19B), United States ($3.88B), Australia ($3.81B), Denmark ($1.9B), and Germany ($1.39B).

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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 Medicaments nes, in dosage.

In 2018,  market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Medicaments nes, in dosage are explained by 20 countries.

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TOP NET EXPORTER (2018): Switzerland, $25B

TOP NET IMPORTER (2018): United States, $33.2B

This map shows which countries export or import more of Medicaments nes, in dosage. Each country is colored based on the difference in exports and imports of Medicaments nes, in dosage during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Medicaments nes, in dosage were Switzerland ($25B), Ireland ($23B), Germany ($21.5B), India ($10.9B), and Singapore ($6.81B).

In 2018, the countries that had a largest trade value in imports than in exports of Medicaments nes, in dosage were United States ($33.2B), China ($8.44B), Japan ($7.2B), Russia ($5.96B), and Australia ($2.43B).

Trade Forecasts

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This section shows forecasts for total trade for Medicaments nes, in dosage. 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 Medicaments nes, in dosage was 3.22%.  The countries with the highest tariffs for importing Medicaments nes, in dosage were Iran (14.5%), Pakistan (14.2%), Bermuda (12.5%), Barbados (11.4%), and Nepal (11.2%).

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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.