Sectoral Trade Exposure Index — Pharmaceuticals to the United States
Monthly merchandise export value for pharmaceuticals to the United States, indexed against the trailing three-year mean for the same calendar month.
Source. Ministry of Commerce and Industry (DGCI&S) — Export Import Data Bank — monthly principal commodity by destination.
Scaling. based to 100 = trailing 3-year mean for the same calendar month.
Who hedges this. Exporters in the named sector, export-credit insurers, trade financiers, and logistics providers with corridor concentration.
Methodology note. A contract settling on measured export volume is a derivative; one settling on whether a tariff was imposed would be a wager. The economic protection is the same and the legal character is entirely different.