Insulin medicines (packaged) trade by country: top importers, exporters and prices
World trade in insulin medicines (packaged) was worth $8.10 billion in 2024, about 32.7 thousand tonnes. That is a fall of 18% since 2017, and down 8% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
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Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $8.10B | 32.7K t |
| 2023 | $8.80B | 40.8K t |
| 2022 | $9.28B | 45.5K t |
| 2021 | $11.60B | 46.6K t |
| 2020 | $11.32B | 40.0K t |
| 2019 | $9.84B | 38.5K t |
| 2018 | $9.92B | 33.5K t |
| 2017 | $9.92B | 35.5K t |
Top insulin medicines (packaged) exporting countries
Exports are led by Germany (29%), Denmark (24%) and France (19%). 88 countries reported exports, and the top three account for 72%.
| Exporter | Value | Share |
|---|---|---|
| Germany | $2.32B | 29% |
| Denmark | $1.91B | 24% |
| France | $1.58B | 20% |
| United States | $556.0M | 6.9% |
| Italy | $295.0M | 3.6% |
| China | $206.7M | 2.6% |
| Brazil | $190.3M | 2.4% |
| Malaysia | $145.6M | 1.8% |
| India | $133.3M | 1.6% |
| Hungary | $117.4M | 1.5% |
| Singapore | $104.5M | 1.3% |
| Turkey | $72.3M | 0.9% |
Top importing countries and buyer markets
The United States is the biggest buyer with 12% of world imports, ahead of Germany and Denmark. Demand is spread widely: the top three take 28% across 207 importing countries.
| Importer | Value | Share |
|---|---|---|
| United States | $960.0M | 12% |
| Germany | $812.1M | 10% |
| Denmark | $505.0M | 6.2% |
| France | $433.9M | 5.4% |
| Mexico | $382.3M | 4.7% |
| Canada | $345.4M | 4.3% |
| Spain | $241.5M | 3% |
| Romania | $225.6M | 2.8% |
| Saudi Arabia | $212.1M | 2.6% |
| Netherlands | $198.3M | 2.5% |
| Japan | $173.7M | 2.1% |
| Hungary | $170.7M | 2.1% |
Average price per kg
The world average declared value was about $247.95 per kg in 2024. Among the main exporters, Germany averaged $371.17 per kg and Malaysia $98.24 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Related product types
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- Ephedrine medicines (packaged)
- Pseudoephedrine medicines (packaged)
- Norephedrine medicines (packaged)
- Alkaloid medicines (packaged)
- Vitamin medicines (packaged)
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Who is behind these numbers in this market?
The shipment records behind Insulin medicines (packaged) (HS 3004.31) importers and exporters, worldwide: companies, dates, quantities and declared values.
Shipment records are in the platform
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Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 3004.31: Medicaments: containing insulin, for therapeutic or prophylactic uses, packaged for retail sale. HS 3004 codes.
Common questions
Which countries export the most insulin medicines (packaged)?
Germany exported $2.32 billion in 2024, 29% of the world total, followed by Denmark (24%) and France (19%). In all, 88 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most insulin medicines (packaged)?
The United States imported $960.0 million in 2024, 12% of world imports, ahead of Germany (10%) and Denmark (6%). The top three importers together take 28%. Each country with its own page is linked from the table.
How big is the world trade in insulin medicines (packaged)?
It was worth $8.10 billion in 2024, about 32.7 thousand tonnes. That is a fall of 18% since 2017. The peak year was 2021 at $11.60 billion. 88 countries reported exports and 207 reported imports.
What is the average price of insulin medicines (packaged) per kg?
The world average declared value was about $247.95 per kg in 2024. Among the main exporters, Germany averaged $371.17 per kg and Malaysia $98.24 per kg, so grade and origin matter. Read it as a benchmark: it blends all grades, origins and contract terms.
What is the HS code for insulin medicines (packaged)?
The HS code for insulin medicines (packaged) is subheading 3004.31, in chapter 30 (pharmaceutical products). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 3004 page.
How can I find insulin medicines (packaged) buyers and suppliers?
EximDataX shows the importers and exporters of insulin medicines (packaged) by name, from shipment-level customs records updated weekly. Ask for a live look at the markets you sell to.
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