HS Icon Antibiotics

2941 (Harmonized System 1992 for 4-digit)

World Trade (2018): $12.1B, Rnk 286 / 1225

Top Exporter (2018): $3.72B, China

Top Importer (2018): $1.38B, Italy

Product Complexity (2018): 0.8, Rnk 241 / 1018

Export Growth (CAGR)(2017 - 2018): 15.1%, Rnk 515 / 1225

Mean Tariff (2018): 2.55%, Rnk 1178 / 1259

Share of World Trade (2018): 0.066%, Rnk 286 / 1225

Overview:  This page contains the latest trade data of Antibiotics. In 2018, Antibiotics were the world's 286th most traded product, with a total trade of $12.1B. Between 2017 and 2018 the exports of Antibiotics grew by 15.1%, from  $10.5B to $12.1B. Trade in Antibiotics represent 0.066% of total world trade.

Exports: In 2018 the top exporters of Antibiotics  were China ($3.72B), Switzerland ($1.42B), Italy ($961M), India ($846M), and United States ($738M).

Imports: In 2018 the top importers of Antibiotics were Italy ($1.38B), India ($1.25B), Germany ($944M), United States ($784M), and France ($519M).

Tariffs: In 2018 the average tariff for Antibiotics was 2.55%, been the 1178 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Antibiotics are Bahamas (40.2%), Iran (25.2%), Bermuda (25%), Maldives (14.7%), and Algeria (12.2%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Madagascar (0%), Mozambique (0%), and Mauritania (0%).

Ranking: Antibiotics ranks 241st in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $3.72B

Top Destination (2018): Italy, $1.38B

Antibiotics are the world's 286th most traded product.

In 2018, the top exporters of Antibiotics were China ($3.72B), Switzerland ($1.42B), Italy ($961M), India ($846M), and United States ($738M).

In 2018, the top importers of Antibiotics were Italy ($1.38B), India ($1.25B), Germany ($944M), United States ($784M), and France ($519M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Singapore, $392M

Top Destination Growth (2017 - 2018): United States, $268M

Between 2017 and 2018, the exports of Antibiotics grew the fastest in Singapore ($392M), China ($317M), Switzerland ($310M), Italy ($178M), and Denmark ($175M).

Between 2017 and 2018, the fastest growing importers of Antibiotics were United States ($268M), Greece ($208M), Germany ($193M), Italy ($190M), and India ($176M).

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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 Antibiotics.

In 2018,  market concentration measured using Shannon Entropy, was 3.73. This means that most of the exports of Antibiotics are explained by 13 countries.

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TOP NET EXPORTER (2018): China, $3.2B

TOP NET IMPORTER (2018): Germany, $854M

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

In 2018, the countries that had a largest trade value in exports than in imports of Antibiotics were China ($3.2B), Switzerland ($1.07B), Ireland ($576M), Singapore ($502M), and Denmark ($156M).

In 2018, the countries that had a largest trade value in imports than in exports of Antibiotics were Germany ($854M), Italy ($418M), India ($405M), France ($393M), and Greece ($319M).

Trade Forecasts

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This section shows forecasts for total trade for Antibiotics. 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 Antibiotics was 2.55%.  The countries with the highest tariffs for importing Antibiotics were Bahamas (40.2%), Iran (25.2%), Bermuda (25%), Maldives (14.7%), and Algeria (12.2%).

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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.