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Pricing

Medicaments; (not goods of heading no. 3002, 3005 or 3006) of two or more constituents mixed together for therapeutic or prophylactic use not in measured doses or in forms or packings for retail sale

3003 (Harmonized System 1992 for 4-digit)

2023
World Trade $17.6BRnk 226 / 1217
2023
Top Exporter | Top Importer $3.03B | $3.73BIreland | Belgium
2023
Product Complexity 0.5Rnk 370 / 1044
2022 - 2023
Export Growth (CAGR) 44.7%Rnk 16 / 1217
2023
Share of World Trade 0.078%Rnk 226 / 1217

About

Overview This page contains the latest trade data of Unpackaged Medicaments. In 2023, Unpackaged Medicaments were the world's 226th most traded product, with a total trade of $17.6B. Between 2022 and 2023 the exports of Unpackaged Medicaments grew by 44.7%, from $12.2B to $17.6B. Trade in Unpackaged Medicaments represent 0.078% of total world trade.

Unpackaged Medicaments are a part of Pharmaceutical products. They include Medicaments nes, formulated, in bulk, Antibiotics nes, formulated, in bulk, Hormones nes, no antibiotics, bulk, not contraceptive, Penicillins or streptomycins and derivatives, in bulk, Alkaloid derivatives (excluding antibiotics and hormones, in bulk), and Insulin, formulated, in bulk.

Exports In 2023 the top exporters of Unpackaged Medicaments  were Ireland ($3.03B), Portugal ($2.97B), United States ($2.92B), China ($880M), and Germany ($777M).

Imports In 2023 the top importers of Unpackaged Medicaments were Belgium ($3.73B), United States ($2.15B), Canada ($1.87B), Germany ($1.69B), and Ireland ($689M).

Ranking Unpackaged Medicaments ranks 370th in the Product Complexity Index (PCI).

Description Examples of medicaments consisting of two or more constituents mixed together for therapeutic or prophylactic uses are antibiotics, which are used to treat bacterial infections, and vaccines, which are used to prevent diseases.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Unpackaged Medicaments. 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)Ireland$3.03B
Top Destination (2023)Belgium$3.73B

In 2023 Unpackaged Medicaments were the world's 226th most traded product (out of 1,217).

In 2023, the top exporters of Unpackaged Medicaments were Ireland ($3.03B), Portugal ($2.97B), United States ($2.92B), China ($880M), and Germany ($777M).

In 2023, the top importers of Unpackaged Medicaments were Belgium ($3.73B), United States ($2.15B), Canada ($1.87B), Germany ($1.69B), and Ireland ($689M).

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Exporters of Unpackaged Medicaments (2023)
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Importers of Unpackaged Medicaments (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Ireland$2.67B
Top Destination Growth (2022 -  2023)Belgium$3.58B

Between 2022 and 2023, the exports of Unpackaged Medicaments grew the fastest in Ireland ($2.67B), Portugal ($1.61B), United States ($1.53B), Belgium ($238M), and Singapore ($215M).

Between 2022 and 2023, the fastest growing importers of Unpackaged Medicaments were Belgium ($3.58B), Germany ($902M), Canada ($847M), United States ($783M), and Netherlands ($200M).

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Exporters of Unpackaged Medicaments (2022 - 2023)

Importers of Unpackaged Medicaments (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Unpackaged Medicaments.

In 2023, market concentration measured using Shannon Entropy, was 4.13. This means that most of the exports of Unpackaged Medicaments are explained by 17 countries.

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Value of Exports in Unpackaged Medicaments

Net Trade

TOP NET EXPORTER (2023)Portugal$2.9B
TOP NET IMPORTER (2023)Belgium$3.19B

This map shows which countries export or import more of Unpackaged Medicaments. Each country is colored based on the difference in exports and imports of Unpackaged Medicaments during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Unpackaged Medicaments were Portugal ($2.9B), Ireland ($2.34B), United States ($763M), Singapore ($631M), and India ($522M).

In 2023, the countries that had a largest trade value in imports than in exports of Unpackaged Medicaments were Belgium ($3.19B), Canada ($1.75B), Germany ($909M), Saudi Arabia ($223M), and Spain ($213M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Unpackaged Medicaments, disaggragated by their HS6 level were Medicaments nes, formulated, in bulk ($12.3B), Hormones nes, no antibiotics, bulk, not... ($3.7B), Antibiotics nes, formulated, in bulk ($973M), Penicillins or streptomycins and derivatives, in... ($454M), and Alkaloid derivatives (excluding antibiotics and hormones,... ($195M)

HS6 Disaggregation for Unpackaged Medicaments (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Unpackaged Medicaments by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $20M
TOP IMPORT POTENTIALUnited States+ $877k

Unpackaged Medicaments’s highest export potential is United States. With an export gap of $20M.  Unpackaged Medicaments’s highest import potential is United States with an import gap of $877k.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Unpackaged Medicaments.

Country by Relatedness

The following visualization shows the relatedness of Unpackaged Medicaments to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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