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300670 (Harmonized System 2002 for 6-digit)

2023
World Trade $370MRnk 3273 / 4940
2023
Top Exporter | Top Importer $84M | $47.3MUnited States | United States
2023
Product Complexity 0.2Rnk 2335 / 4951
2022 - 2023
Export Growth (CAGR) -3.34%Rnk 1997 / 4940
2023
Share of World Trade 0.0016%Rnk 3273 / 4940

About

Overview This page contains the latest trade data of Pharmaceutical goods. In 2023, Pharmaceutical goods were the world's 3273rd most traded product, with a total trade of $370M. Between 2022 and 2023 the exports of Pharmaceutical goods decreased by -3.34%, from $383M to $370M. Trade in Pharmaceutical goods represent 0.0016% of total world trade.

Pharmaceutical goods are a part of Pharmaceutical goods.

Exports In 2023 the top exporters of Pharmaceutical goods  were United States ($84M), Germany ($33.7M), China ($25M), Thailand ($24.5M), and Turkey ($23.6M).

Imports In 2023 the top importers of Pharmaceutical goods were United States ($47.3M), Mexico ($28.1M), United Kingdom ($16.1M), Russia ($15.3M), and Netherlands ($13.7M).

Ranking Pharmaceutical goods ranks 2335th 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 (2023)United States$84M
Top Destination (2023)United States$47.3M

In 2023 Pharmaceutical goods were the world's 3273rd most traded product (out of 4,940).

In 2023, the top exporters of Pharmaceutical goods were United States ($84M), Germany ($33.7M), China ($25M), Thailand ($24.5M), and Turkey ($23.6M).

In 2023, the top importers of Pharmaceutical goods were United States ($47.3M), Mexico ($28.1M), United Kingdom ($16.1M), Russia ($15.3M), and Netherlands ($13.7M).

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Exporters of Pharmaceutical goods (2023)
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Importers of Pharmaceutical goods (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$13.5M
Top Destination Growth (2022 -  2023)Mexico$6.97M

Between 2022 and 2023, the exports of Pharmaceutical goods grew the fastest in Germany ($13.5M), Turkey ($6.76M), Bulgaria ($3.96M), Spain ($2.76M), and Italy ($2.68M).

Between 2022 and 2023, the fastest growing importers of Pharmaceutical goods were Mexico ($6.97M), Brazil ($4.81M), United States ($3.4M), Russia ($3.01M), and South Korea ($2.21M).

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Exporters of Pharmaceutical goods (2022 - 2023)

Importers of Pharmaceutical goods (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 4.4. This means that most of the exports of Pharmaceutical goods are explained by 21 countries.

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Value of Exports in Pharmaceutical goods

Net Trade

TOP NET EXPORTER (2023)United States$36.7M
TOP NET IMPORTER (2023)Mexico$17.3M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Pharmaceutical goods were United States ($36.7M), Germany ($24.7M), Turkey ($22.4M), Thailand ($19M), and Bulgaria ($13M).

In 2023, the countries that had a largest trade value in imports than in exports of Pharmaceutical goods were Mexico ($17.3M), Russia ($14.9M), Brazil ($10.8M), Canada ($9.3M), and Australia ($7.96M).

Net Trade (2023)

Country Comparison

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Measure
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 (2023)

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