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2023
Exports $497MWorld Rnk 11 / 190
Flag Rnk 564 / 1215
2023
Destination $11.5M United States
2022 - 2023
FASTEST GROWING MARKET $11.5MKenya
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.53Rnk 356 / 1025
2023
Imports $1.3BWorld Rnk 2 / 220
Flag Rnk 183 / 1214
2023
Origin $97.1M Germany
2022 - 2023
FASTEST GROWING ORIGIN $97.1MGermany
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $497M in Special Pharmaceuticals, making it the 11th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 564th most exported product in China. The main destination of Special Pharmaceuticals exports from China are: United States ($87.2M), Germany ($44M), India ($41.5M), Australia ($33.3M), and United Kingdom ($28.4M).

The fastest growing export markets for Special Pharmaceuticals of China between 2022 and 2023 were Kenya ($11.5M), United Kingdom ($11.3M), and Kuwait ($4.36M).

Imports In 2023, China imported $1.3B in Special Pharmaceuticals, becoming the 2nd largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 183rd most imported product in China. China imports Special Pharmaceuticals primarily from: Germany ($431M), United States ($270M), Ireland ($76.7M), Italy ($67.2M), and Switzerland ($51M).

The fastest growing import markets in Special Pharmaceuticals for China between 2022 and 2023 were Germany ($97.1M), Norway ($25.4M), and United States ($20.5M).

COMPANIES In 2024, leading companies such as Nike (120), Halyard Health (30), and CrimsonLogic (23) were at the forefront of shipping Special Pharmaceuticals from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Special Pharmaceuticals exports accounted up to $69.9M and imports accounted up to $132M, resulting in a negative trade balance of $62M. Between December 2023 and December 2024 the exports of China's   Special Pharmaceuticals have increased by $6.63M (10.5%) from $63.2M to $69.9M, while imports increased by $21.6M (19.6%) from $110M to $132M.

Destinations In December 2024, Special Pharmaceuticals were exported mostly to United States ($33M), Germany ($3.66M), Australia ($3.28M), United Kingdom ($3.07M), and India ($2.73M), and were imported mostly from Germany ($36.6M), United States ($29.5M), Ireland ($13.2M), Italy ($12.1M), and France ($10M).

Growth In December 2024, the increase in Special Pharmaceuticals's year-by-year exports was explained primarily by an increase in exports to South Korea ($1.34M or 198%), Germany ($1.01M or 31.7%), and Philippines ($505k or 461%). In December 2024, the increase in Special Pharmaceuticals's year-by-year imports was explained primarily by an increase in imports from Germany ($6.31M or 57.4%), Ireland ($4.62M or 259%), and France ($4.23M or 1.86k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$6.63M(10.5%)
IMPORT GROWTH (December 2023 - December 2024)$21.6M(19.6%)
MAIN EXPORTER (December 2024)Shanghai Province$40.5M
MAIN DESTINATION (December 2024)United States$33M

This section shows Special Pharmaceuticals's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Special Pharmaceuticals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$497M
IMPORTS (2023)$1.3B
NET TRADE (2023)-$801M

In 2023, China exported $497M in Special Pharmaceuticals. The main destinations of China exports on Special Pharmaceuticals were United States ($87.2M), Germany ($44M), India ($41.5M), Australia ($33.3M), and United Kingdom ($28.4M).

In 2023, China imported $1.3B in Special Pharmaceuticals, mainly from Germany ($431M), United States ($270M), Ireland ($76.7M), Italy ($67.2M), and Switzerland ($51M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR China WERE (2022 - 2023):
Kenya$11.5M (264%)
United Kingdom$11.3M (66.2%)
Kuwait$4.36M (799%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY China WERE (2022 - 2023):
United States-$49.8M (-36.4%)
Brazil-$28.4M (-60.2%)
South Korea-$20.3M (-47.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Special Pharmaceuticals were:
Germany $3.28B
United States $2.16B
Netherlands $1.28B
In 2023, China's main importing competitors in Special Pharmaceuticals were:
United States $3.5B
Germany $1.2B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $46.5M
TOP IMPORT POTENTIALUnited States+ $36.6M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $46.5M.   Special Pharmaceuticals’s highest import potential is United States with an import gap of $36.6M.

See methodology.

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