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300670 (Harmonized System 2002 for 6-digit)

2022
World Trade $429MRnk 3210 / 4939
2022
Top Exporter | Top Importer $89.8M | $55.2MUnited States | United States
2022
Product Complexity -0.23Rnk 3040 / 4946
2021 - 2022
Export Growth (CAGR) 20.5%Rnk 822 / 4939
2022
Share of World Trade 0.0018%Rnk 3210 / 4939

About

Overview This page contains the latest trade data of Pharmaceutical goods. In 2022, Pharmaceutical goods were the world's 3210th most traded product, with a total trade of $429M. Between 2021 and 2022 the exports of Pharmaceutical goods grew by 20.5%, from $356M to $429M. Trade in Pharmaceutical goods represent 0.0018% of total world trade.

Pharmaceutical goods are a part of Pharmaceutical goods.

Exports In 2022 the top exporters of Pharmaceutical goods  were United States ($89.8M), Ireland ($42.3M), Thailand ($40.2M), China ($34.6M), and Germany ($28.5M).

Imports In 2022 the top importers of Pharmaceutical goods were United States ($55.2M), Netherlands ($32.5M), China ($22.9M), Canada ($21.9M), and Mexico ($19.8M).

Ranking Pharmaceutical goods ranks 3040th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Pharmaceutical goods. 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)United States$89.8M
Top Destination (2022)United States$55.2M

In 2022 Pharmaceutical goods were the world's 3210th most traded product (out of 4,939).

In 2022, the top exporters of Pharmaceutical goods were United States ($89.8M), Ireland ($42.3M), Thailand ($40.2M), China ($34.6M), and Germany ($28.5M).

In 2022, the top importers of Pharmaceutical goods were United States ($55.2M), Netherlands ($32.5M), China ($22.9M), Canada ($21.9M), and Mexico ($19.8M).

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Exporters of Pharmaceutical goods (2022)
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Importers of Pharmaceutical goods (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$20.4M
Top Destination Growth (2021 -  2022)Netherlands$18.8M

Between 2021 and 2022, the exports of Pharmaceutical goods grew the fastest in United States ($20.4M), Ireland ($20M), Thailand ($14.2M), Bulgaria ($8.14M), and China ($5.77M).

Between 2021 and 2022, the fastest growing importers of Pharmaceutical goods were Netherlands ($18.8M), United States ($11.5M), Russia ($8.92M), Costa Rica ($5.15M), and China ($4.94M).

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Exporters of Pharmaceutical goods (2021 - 2022)

Importers of Pharmaceutical goods (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Pharmaceutical goods.

In 2022, market concentration measured using Shannon Entropy, was 4.35. This means that most of the exports of Pharmaceutical goods are explained by 20 countries.

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Value of Exports in Pharmaceutical goods

Net Trade

TOP NET EXPORTER (2022)Ireland$39.7M
TOP NET IMPORTER (2022)Canada$19M

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

In 2022, the countries that had a largest trade value in exports than in imports of Pharmaceutical goods were Ireland ($39.7M), Thailand ($36M), United States ($34.6M), Germany ($12.2M), and China ($11.6M).

In 2022, the countries that had a largest trade value in imports than in exports of Pharmaceutical goods were Canada ($19M), Netherlands ($14M), Russia ($11.8M), Mexico ($8.2M), and United Kingdom ($8.17M).

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 Pharmaceutical goods.
It is possible to select the main countries that export or import Pharmaceutical goods in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Pharmaceutical goods 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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