HS Icon Medicaments nes, in dosage

300490 (Harmonized System 1992 for 6-digit)

 2019
World Trade
: $306B, Rnk 5 / 4648

2019
Top Exporter | Top Importer
: $46B | $61.1B, Germany | United States

2019
Product Complexity
: 0.62, Rnk 1437 / 4826

2018 - 2019
Export Growth (CAGR)
: 5.23%, Rnk 744 / 4648

2018
Mean Tariff
: 3.22%, Rnk 5586 / 6538

 2019
Share of World Trade
: 1.69%, Rnk 5 / 4648

Overview:  This page contains the latest trade data of Medicaments nes, in dosage. In 2019, Medicaments nes, in dosage were the world's 5th most traded product, with a total trade of $306B. Between 2018 and 2019 the exports of Medicaments nes, in dosage grew by 5.23%, from  $291B to $306B. Trade in Medicaments nes, in dosage represent 1.69% of total world trade.

Exports: In 2019 the top exporters of Medicaments nes, in dosage  were Germany ($46B), Switzerland ($41.7B), Ireland ($24.7B), United States ($24.1B), and Belgium ($18.9B).

Imports: In 2019 the top importers of Medicaments nes, in dosage were United States ($61.1B), Germany ($26.2B), Switzerland ($15.7B), Belgium ($14.3B), and China ($13.5B).

Tariffs: In 2018 the average tariff for Medicaments nes, in dosage was 3.22%, making it the 5586th 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 1437th in the Product Complexity Index (PCI).

Description: A medicament is a drug or medication for treating a disease or symptom. Medicaments are usually taken by mouth, but sometimes they are injected into the body. There are many different types of medicaments, for example, a painkiller or a medicine to treat an infection. Medicaments can be prescription or over the counter.

Exporters and Importers

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Trade By Country

Top Origin (2019): Germany, $46B

Top Destination (2019): United States, $61.1B

Medicaments nes, in dosage are the world's 5th most traded product.

In 2019, the top exporters of Medicaments nes, in dosage were Germany ($46B), Switzerland ($41.7B), Ireland ($24.7B), United States ($24.1B), and Belgium ($18.9B).

In 2019, the top importers of Medicaments nes, in dosage were United States ($61.1B), Germany ($26.2B), Switzerland ($15.7B), Belgium ($14.3B), and China ($13.5B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Italy, $4.2B

Top Destination Growth (2018 - 2019): United States, $5.46B

Between 2018 and 2019, the exports of Medicaments nes, in dosage grew the fastest in Italy ($4.2B), Switzerland ($2.27B), Netherlands ($1.73B), United States ($1.65B), and India ($1.59B).

Between 2018 and 2019, the fastest growing importers of Medicaments nes, in dosage were United States ($5.46B), Germany ($2.49B), China ($2.31B), Slovenia ($2.19B), and Belgium ($2B).

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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 2019,  market concentration measured using Shannon Entropy, was 4.36. This means that most of the exports of Medicaments nes, in dosage are explained by 20 countries.

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TOP NET EXPORTER (2019): Switzerland, $26B

TOP NET IMPORTER (2019): United States, $37B

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Medicaments nes, in dosage were Switzerland ($26B), Ireland ($21.7B), Germany ($19.7B), India ($12.5B), and Singapore ($5.76B).

In 2019, the countries that had a largest trade value in imports than in exports of Medicaments nes, in dosage were United States ($37B), China ($10.9B), Russia ($7.68B), Japan ($6.64B), and South Korea ($2.49B).

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.