Pharmaceutical products in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $15.3B in Pharmaceutical products, making it the 13th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 32nd most exported product in China. The main destination of Pharmaceutical products exports from China are: United States ($3.39B), France ($697M), Denmark ($641M), Italy ($550M), and Hong Kong ($528M).

The fastest growing export markets for Pharmaceutical products of China between 2021 and 2022 were United States ($260M), Australia ($90.1M), and Italy ($67.7M).

Imports In 2022, China imported $37.4B in Pharmaceutical products, becoming the 5th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 13th most imported product in China. China imports Pharmaceutical products primarily from: United States ($8.96B), Germany ($5.24B), Switzerland ($5.23B), Ireland ($4.22B), and France ($1.78B).

The fastest growing import markets in Pharmaceutical products for China between 2021 and 2022 were United States ($2.29B), Ireland ($1.64B), and Switzerland ($600M).

COMPANIES In 2023, leading companies such as WAL-MART INC. (1.81k), AMAZON SERVICES LLC (928), and COSTCO WHOLESALE COPRORATION (232) were at the forefront of shipping Pharmaceutical products from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Pharmaceutical products exports accounted up to $797M and imports accounted up to $2.58B, resulting in a negative trade balance of $1.78B. Between February 2023 and February 2024 the exports of China's Pharmaceutical products have decreased by $-80.8M (-9.2%) from $878M to $797M, while imports decreased by $-1.38B (-34.9%) from $3.96B to $2.58B.

Destinations In February 2024, Pharmaceutical products were exported mostly to United States ($191M), Denmark ($69.4M), Hong Kong ($41.9M), South Korea ($26.8M), and Belgium ($23.9M), and were imported mostly from Ireland ($588M), Germany ($433M), United States ($296M), Switzerland ($223M), and France ($209M).

Growth In February 2024, the decrease in Pharmaceutical products's year-by-year exports was explained primarily by a decrease in exports to Bangladesh ($-111M or -97.8%), Denmark ($-99.2M or -75.7%), and United Arab Emirates ($-63.3M or -90.4%). In February 2024, the decrease in Pharmaceutical products's year-by-year imports was explained primarily by a decrease in imports from United Kingdom ($-154M or -82.2%), Singapore ($-63.4M or -92.6%), and France ($-42.8M or -16.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-80.8M(-9.2%)

IMPORT GROWTH (February 2023 - February 2024)$-1.38B(-34.9%)

MAIN EXPORTER (February 2024)Jiangsu Province$251M

MAIN DESTINATION (February 2024)United States$191M

This section shows Pharmaceutical products's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Pharmaceutical products over time.

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