2022
Exports
$22.3BWorld Rnk 10 / 223
Flag Rnk 6 / 96
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$2.9BWorld Rnk 41 / 226
Flag Rnk 26 / 96
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $22.3B in Pharmaceutical products, making it the 10th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 6th most exported product in India. The main destination of Pharmaceutical products exports from India are: United States ($7.82B), United Kingdom ($614M), South Africa ($585M), Belgium ($506M), and Australia ($495M).

The fastest growing export markets for Pharmaceutical products of India between 2021 and 2022 were Belgium ($264M), Netherlands ($180M), and Vietnam ($103M).

Imports In 2022, India imported $2.9B in Pharmaceutical products, becoming the 41st largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 26th most imported product in India. India imports Pharmaceutical products primarily from: United States ($576M), China ($315M), Germany ($299M), Switzerland ($297M), and Netherlands ($259M).

The fastest growing import markets in Pharmaceutical products for India between 2021 and 2022 were Netherlands ($114M), Denmark ($53.8M), and Austria ($13.5M).

COMPANIES In 2023, leading companies such as Baxter Healthcare (14) were at the forefront of shipping Pharmaceutical products from India to the United States.

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Pharmaceutical products. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$22.3B
IMPORTS (2022)$2.9B
NET TRADE (2022)$19.4B

In 2022, India exported $22.3B in Pharmaceutical products. The main destinations of India exports on Pharmaceutical products were United States ($7.82B), United Kingdom ($614M), South Africa ($585M), Belgium ($506M), and Australia ($495M).

In 2022, India imported $2.9B in Pharmaceutical products, mainly from United States ($576M), China ($315M), Germany ($299M), Switzerland ($297M), and Netherlands ($259M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR India WERE (2021 - 2022):
Belgium$264M (109%)
Netherlands$180M (71.3%)
Vietnam$103M (55.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY India WERE (2021 - 2022):
Nigeria-$111M (-19.7%)
Russia-$97.9M (-18.6%)
Burma-$70M (-23.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Pharmaceutical products were:
In 2022, India's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.24B
TOP IMPORT POTENTIALUnited States+ $338M

Pharmaceutical products’s highest export potential is United States. With an export gap of $2.24B.   Pharmaceutical products’s highest import potential is United States with an import gap of $338M.

See methodology.

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