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300431 (Harmonized System 1992 for 6-digit)

2022
World Trade $9.35BRnk 427 / 4648
2022
Top Exporter | Top Importer $2.38B | $1.52BGermany | United States
2022
Product Complexity 0.44Rnk 1735 / 4653
2021 - 2022
Export Growth (CAGR) -19.1%Rnk 4301 / 4648
2022
Share of World Trade 0.039%Rnk 427 / 4648

About

Overview This page contains the latest trade data of Insulin, in dosage. In 2022, Insulin, in dosage were the world's 427th most traded product, with a total trade of $9.35B. Between 2021 and 2022 the exports of Insulin, in dosage decreased by -19.1%, from $11.6B to $9.35B. Trade in Insulin, in dosage represent 0.039% of total world trade.

Insulin, in dosage are a part of Packaged Medicaments.

Exports In 2022 the top exporters of Insulin, in dosage  were Germany ($2.38B), France ($1.92B), Denmark ($1.9B), China ($678M), and Italy ($674M).

Imports In 2022 the top importers of Insulin, in dosage were United States ($1.52B), France ($1.05B), Denmark ($734M), Germany ($706M), and Canada ($351M).

Ranking Insulin, in dosage ranks 1735th in the Product Complexity Index (PCI).

Description Insulin is a hormone that is important in the regulation of carbohydrate, fat, and protein metabolism. It is used to treat diabetic patients who have either type 1 or type 2 diabetes, and it is also used to treat the symptoms of diabetes in type 2 patients. It is taken by injection and is used to help glucose enter cells, thus lowering the blood glucose levels.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Insulin, in dosage. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)Germany$2.38B
Top Destination (2022)United States$1.52B

In 2022 Insulin, in dosage were the world's 427th most traded product (out of 4,648).

In 2022, the top exporters of Insulin, in dosage were Germany ($2.38B), France ($1.92B), Denmark ($1.9B), China ($678M), and Italy ($674M).

In 2022, the top importers of Insulin, in dosage were United States ($1.52B), France ($1.05B), Denmark ($734M), Germany ($706M), and Canada ($351M).

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Exporters of Insulin, in dosage (2022)
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Importers of Insulin, in dosage (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$179M
Top Destination Growth (2021 -  2022)Mexico$84.7M

Between 2021 and 2022, the exports of Insulin, in dosage grew the fastest in United States ($179M), Slovenia ($54.4M), Malaysia ($31.6M), Turkey ($22.3M), and Belgium ($15.3M).

Between 2021 and 2022, the fastest growing importers of Insulin, in dosage were Mexico ($84.7M), Canada ($77M), Slovenia ($45.3M), Italy ($43.1M), and Belgium ($32.4M).

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Exporters of Insulin, in dosage (2021 - 2022)

Importers of Insulin, in dosage (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Insulin, in dosage.

In 2022, market concentration measured using Shannon Entropy, was 3.14. This means that most of the exports of Insulin, in dosage are explained by 8 countries.

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Value of Exports in Insulin, in dosage

Net Trade

TOP NET EXPORTER (2022)Germany$1.67B
TOP NET IMPORTER (2022)United States$953M

This map shows which countries export or import more of Insulin, in dosage. Each country is colored based on the difference in exports and imports of Insulin, in dosage during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Insulin, in dosage were Germany ($1.67B), Denmark ($1.17B), France ($871M), Italy ($450M), and China ($405M).

In 2022, the countries that had a largest trade value in imports than in exports of Insulin, in dosage were United States ($953M), Canada ($346M), Japan ($258M), Spain ($207M), and Mexico ($189M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Insulin, in dosage.
It is possible to select the main countries that export or import Insulin, in dosage in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Insulin, in dosage by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2022)

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