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2022
Exports $859MWorld Rnk 5 / 199
Flag Rnk 472 / 1216
2022
Destination $14.4M United States
2021 - 2022
FASTEST GROWING MARKET $14.4MUnited States
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $1.01BWorld Rnk 3 / 220
Flag Rnk 217 / 1212
2022
Origin $11M Germany
2021 - 2022
FASTEST GROWING ORIGIN $11MCanada
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $859M in Special Pharmaceuticals, making it the 5th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 472nd most exported product in China. The main destination of Special Pharmaceuticals exports from China are: United States ($398M), India ($54.2M), Germany ($51.6M), Brazil ($45.9M), and Australia ($39.5M).

The fastest growing export markets for Special Pharmaceuticals of China between 2021 and 2022 were United States ($14.4M), Germany ($6.88M), and Russia ($4.83M).

Imports In 2022, China imported $1.01B in Special Pharmaceuticals, becoming the 3rd largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 217th most imported product in China. China imports Special Pharmaceuticals primarily from: Germany ($319M), United States ($170M), Ireland ($65.7M), Switzerland ($56.6M), and Finland ($55.7M).

The fastest growing import markets in Special Pharmaceuticals for China between 2021 and 2022 were Canada ($11M), Hong Kong ($10.8M), and Finland ($8.43M).

COMPANIES In 2023, leading companies such as Ledvance (17), CrimsonLogic (17), and Walgreens (15) were at the forefront of shipping Special Pharmaceuticals from China to the United States.

Latest Trends

September 2024

About

Overview In September 2024 China's Special Pharmaceuticals exports accounted up to $64.2M and imports accounted up to $96M, resulting in a negative trade balance of $31.8M. Between September 2023 and September 2024 the exports of China's   Special Pharmaceuticals have increased by $5.5M (9.38%) from $58.7M to $64.2M, while imports decreased by $-26.4M (-21.6%) from $122M to $96M.

Destinations In September 2024, Special Pharmaceuticals were exported mostly to United States ($29.7M), United Kingdom ($3.7M), India ($3.31M), Australia ($3.22M), and Brazil ($2.91M), and were imported mostly from Hungary ($15.8M), United States ($14.3M), Germany ($14M), Italy ($10.3M), and France ($8.42M).

Growth In September 2024, the increase in Special Pharmaceuticals's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($869k or 29.7%), Canada ($729k or 25.3%), and Russia ($461k or 459%). In September 2024, the decrease in Special Pharmaceuticals's year-by-year imports was explained primarily by a decrease in imports from Germany ($-42.9M or -79.6%), Ireland ($-6.53M or -78.6%), and Finland ($-4.24M or -34.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$5.5M(9.38%)
IMPORT GROWTH (September 2023 - September 2024)$-26.4M(-21.6%)
MAIN EXPORTER (September 2024)Shanghai Province$40.5M
MAIN DESTINATION (September 2024)United States$29.7M

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 (2022)$859M
IMPORTS (2022)$1.01B
NET TRADE (2022)-$153M

In 2022, China exported $859M in Special Pharmaceuticals. The main destinations of China exports on Special Pharmaceuticals were United States ($398M), India ($54.2M), Germany ($51.6M), Brazil ($45.9M), and Australia ($39.5M).

In 2022, China imported $1.01B in Special Pharmaceuticals, mainly from Germany ($319M), United States ($170M), Ireland ($65.7M), Switzerland ($56.6M), and Finland ($55.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$14.4M (3.75%)
Germany$6.88M (15.4%)
Russia$4.83M (577%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY China WERE (2021 - 2022):
Ireland-$41.4M (-91.3%)
India-$34.9M (-39.2%)
Canada-$28.3M (-51.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, China's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
Belgium $1.22B

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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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