HS Icon Special Pharmaceuticals

3006 (Harmonized System 1992 for 4-digit)

World Trade (2018): $15.8B, Rnk 232 / 1225

Top Exporter (2018): $2.96B, Germany

Top Importer (2018): $4.12B, United States

Product Complexity (2018): 0.78, Rnk 245 / 1018

Export Growth (CAGR)(2017 - 2018): 28.7%, Rnk 184 / 1225

Mean Tariff (2018): 2.22%, Rnk 1211 / 1259

Share of World Trade (2018): 0.086%, Rnk 232 / 1225

Overview:  This page contains the latest trade data of Special Pharmaceuticals. In 2018, Special Pharmaceuticals were the world's 232nd most traded product, with a total trade of $15.8B. Between 2017 and 2018 the exports of Special Pharmaceuticals grew by 28.7%, from  $12.2B to $15.8B. Trade in Special Pharmaceuticals represent 0.086% of total world trade.

Exports: In 2018 the top exporters of Special Pharmaceuticals  were Germany ($2.96B), Netherlands ($1.87B), United States ($1.81B), Belgium-Luxembourg ($1.24B), and Finland ($802M).

Imports: In 2018 the top importers of Special Pharmaceuticals were United States ($4.12B), Belgium-Luxembourg ($1.06B), Germany ($841M), China ($786M), and Japan ($712M).

Tariffs: In 2018 the average tariff for Special Pharmaceuticals was 2.22%, been the 1211 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Special Pharmaceuticals are Pakistan (13.6%), Thailand (10.4%), Iran (9.72%), Israel (8.78%), and Morocco (8.54%). The countries with the lowest tariffs are Angola (0%), Cote d'Ivoire (0%), Guinea (0%), Liberia (0%), and Madagascar (0%).

Ranking: Special Pharmaceuticals ranks 245th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $2.96B

Top Destination (2018): United States, $4.12B

Special Pharmaceuticals are the world's 232nd most traded product.

In 2018, the top exporters of Special Pharmaceuticals were Germany ($2.96B), Netherlands ($1.87B), United States ($1.81B), Belgium-Luxembourg ($1.24B), and Finland ($802M).

In 2018, the top importers of Special Pharmaceuticals were United States ($4.12B), Belgium-Luxembourg ($1.06B), Germany ($841M), China ($786M), and Japan ($712M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Netherlands, $1.15B

Top Destination Growth (2017 - 2018): United States, $2.13B

Between 2017 and 2018, the exports of Special Pharmaceuticals grew the fastest in Netherlands ($1.15B), Germany ($522M), Belgium-Luxembourg ($412M), China ($315M), and France ($220M).

Between 2017 and 2018, the fastest growing importers of Special Pharmaceuticals were United States ($2.13B), China ($171M), Japan ($140M), Austria ($139M), and Singapore ($108M).

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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 Special Pharmaceuticals.

In 2018,  market concentration measured using Shannon Entropy, was 4.25. This means that most of the exports of Special Pharmaceuticals are explained by 19 countries.

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TOP NET EXPORTER (2018): Germany, $2.12B

TOP NET IMPORTER (2018): United States, $2.31B

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Special Pharmaceuticals were Germany ($2.12B), Netherlands ($1.53B), Finland ($741M), Ireland ($604M), and Switzerland ($542M).

In 2018, the countries that had a largest trade value in imports than in exports of Special Pharmaceuticals were United States ($2.31B), Japan ($458M), Russia ($373M), Australia ($201M), and United Kingdom ($148M).

Trade Forecasts

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This section shows forecasts for total trade for Special Pharmaceuticals. 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 Special Pharmaceuticals was 2.22%.  The countries with the highest tariffs for importing Special Pharmaceuticals were Pakistan (13.6%), Thailand (10.4%), Iran (9.72%), Israel (8.78%), and Morocco (8.54%).

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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.