It currently tops the chart in India with its wide-ranging capacity and potential in the complex field of drug manufacture and technology. The Indian Pharmaceutical Industry ranks very high in the global market, in terms of expertise, know-how, technology, quality, and the vast range of medicines that are manufactured here. Wikipedia, Drug.Pharmaceutical Export Business – Pharma Export Business Plan See also Drugs and Medicine Exports by Country, Top Vaccines Exports by Country, Fresh or Frozen Beef Imports by Country and Natural Honey Imports by CountryĬentral Intelligence Agency, The World Factbook Field Listing: Imports – Commodities. Shown within parenthesis is the country where the supplying business is headquartered. You can change the above table’s presentation order by clicking the triangle icon at the top of any of the table’s columns.īelow are conglomerates that are leading suppliers satisfying the global demand for pharmaceuticals. In second place were importers in Nigeria (up 111.7%), Azerbaijan (up 99.1%), Macao (up 81.9%), Serbia (up 76.8%) and Tanzania (also up 76.8%). Widening the scope to focus on the top 100 major importers of drugs and medicines, the fastest-grower over the 5-year period starting in 2018 was Slovenia via a 374% increase in spending. Rank Importer Drugs & Medicines %2018-22 1. Drugs and Medicines: All Importer Countries in 2022īy value, the 100 key countries showcased in the following automated database bought 97.7% of imported pharmaceutical drugs and medicines purchased in 2022. Those major buyers that posted the most modest gains in their purchases of imported prescription drugs and medicines were led by: Japan (up 8.1% from 2018) and France (up 9%). United States: US$93.6 billion (19.1% of imported drugs and medicines)īy value, the listed 15 countries purchased 71.3% of all prescription drugs and medicines imports in 2022.Īmong the above countries, the fastest-growing markets for prescription drugs and medicines since 2018 were: Slovenia (up 374%), Switzerland (up 63%), Belgium (up 44.3%) and Canada (up 31.8%).The metrics below combine subtotals for two 4-digit Harmonized Tariff System code prefixes for drugs and medicine subcategories, specifically prefixes 3003 (consisting of 2 or more constituents mixed together) and 3004 (other).ĭrugs and Medicines: Top 15 Importer Countriesīelow are the 15 countries that imported the highest dollar value worth of drugs and medicines during 2022. Smaller percentages were delivered to Latin America (3.7%) excluding Mexico but including the Caribbean, Africa (2.8%), then Oceania (1.7%) led by Australia and New Zealand. In second place were North American importers at 21.9% while another 17.9% of imported pharmaceuticals was delivered to customers in Asia. That percentage indicates a relatively concentrated market of buyers worldwide.įrom a continental perspective, European countries were responsible for over half (52%) of drugs and medicines imported during 2022 with pharmaceutical purchases valued at $255.4 billion. Collectively, that leading cohort of international buyers paid for 43.2% of globally imported drugs and medicines during 2022. The world’s 5 biggest importers of pharmaceutical medicines are the United States of America, Germany, Switzerland, Belgium, and mainland China. Year over year, international purchases of exported drugs and medicines grew by 6.1% compared to $462.6 billion in 2021. Overall spending on pharmaceutical drugs and medicine imports increased by an average 22.3% for all importer countries since 2018 when import purchases of drugs and medicines were valued at $401.2 billion. Pharmaceuticals closeupWorldwide purchases of imported pharmaceutical drugs and medicines cost a total US$490.6 billion in 2022.
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