About
Overview This page contains the latest trade data of Pharmaceutical products. In 2021, Pharmaceutical products were the world's 6th most traded product, with a total trade of $806B. Between 2020 and 2021 the exports of Pharmaceutical products grew by 20.8%, from $668B to $806B. Trade in Pharmaceutical products represent 3.83% of total world trade.
Pharmaceutical products are a part of Chemical Products. They include Packaged Medicaments, Vaccines, blood, antisera, toxins and cultures, Special Pharmaceuticals, Unpackaged Medicaments, Bandages, and Glands and Other Organs.
Exports In 2021 the top exporters of Pharmaceutical products were Germany ($115B), Switzerland ($90.2B), United States ($81.6B), Belgium ($71.1B), and Ireland ($70.6B).
Imports In 2021 the top importers of Pharmaceutical products were United States ($145B), Germany ($76.6B), Belgium ($44B), Switzerland ($40.2B), and France ($34.9B).
Ranking Pharmaceutical products ranks 9th in the Product Complexity Index (PCI).
Latest Trends
Latest Data
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Flow
Y-AXIS SCALE
The following visualization shows the latest trends on Pharmaceutical products. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Historical Data
Exporters and Importers
Top Origin (2021)Germany$115B
Top Destination (2021)United States$145B
In 2021 Pharmaceutical products were the world's 6th most traded product (out of 96).
In 2021, the top exporters of Pharmaceutical products were Germany ($115B), Switzerland ($90.2B), United States ($81.6B), Belgium ($71.1B), and Ireland ($70.6B).
In 2021, the top importers of Pharmaceutical products were United States ($145B), Germany ($76.6B), Belgium ($44B), Switzerland ($40.2B), and France ($34.9B).
Exporters of Pharmaceutical products (2021)
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Importers of Pharmaceutical products (2021)
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Market Dynamics
Color
Between 2020 and 2021, the exports of Pharmaceutical products grew the fastest in Belgium ($26.9B), China ($23.5B), United States ($21.1B), Germany ($15.9B), and Switzerland ($12.2B).
Between 2020 and 2021, the fastest growing importers of Pharmaceutical products were Germany ($16.1B), United States ($11.1B), Belgium ($8.56B), Spain ($7.74B), and Japan ($7.27B).
Exporters of Pharmaceutical products (2020 - 2021)
Importers of Pharmaceutical products (2020 - 2021)
Market Concentration
Value
This chart shows the evolution of the market concentration of exports of Pharmaceutical products.
In 2021, market concentration measured using Shannon Entropy, was 4.37. This means that most of the exports of Pharmaceutical products are explained by 20 countries.
Value of Exports in Pharmaceutical products
Net Trade
TOP NET EXPORTER (2021)Ireland$59.6B
TOP NET IMPORTER (2021)United States$63.7B
This map shows which countries export or import more of Pharmaceutical products. Each country is colored based on the difference in exports and imports of Pharmaceutical products during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Pharmaceutical products were Ireland ($59.6B), Switzerland ($50B), Germany ($38.8B), Belgium ($27.1B), and India ($18.4B).
In 2021, the countries that had a largest trade value in imports than in exports of Pharmaceutical products were United States ($63.7B), Japan ($20B), Russia ($9.73B), Brazil ($9.23B), and Canada ($8.09B).
Net Trade (2021)
Disaggregation
Value
Disaggregation
In 2021, the world most traded Pharmaceutical products, disaggragated by their HS6 level were Packaged Medicaments ($433B), Vaccines, blood, antisera, toxins and cultures ($332B), Special Pharmaceuticals ($16.4B), Unpackaged Medicaments ($9.68B), and Bandages ($9.22B)
HS6 Disaggregation for Pharmaceutical products (2021)
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Country Comparison
Flow
Measure
Ranking
This visualization shows the countries that have an important ratio of their trade related to Pharmaceutical products. It is possible to select the main countries that export or import Pharmaceutical products in the world, or by continent, as well as select the measure of interest.
Top 10 Exporters Countries of Pharmaceutical products 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.
