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.