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2023
Exports $11.9BWorld Rnk 19 / 225
Flag Rnk 33 / 96
2023
Destination $30.2M United States
2022 - 2023
FASTEST GROWING MARKET $30.2MAzerbaijan
2023
PRODUCT COMPLEXITY IN Pharmaceutical products1.25Rnk 89 / 1025
2023
Imports $45.4BWorld Rnk 5 / 226
Flag Rnk 12 / 96
2023
Origin $2.41B United States
2022 - 2023
FASTEST GROWING ORIGIN $2.41BItaly
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $11.9B in Pharmaceutical products, making it the 19th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 33rd most exported product in China. The main destination of Pharmaceutical products exports from China are: United States ($2.62B), France ($584M), Germany ($503M), Denmark ($476M), and Hong Kong ($475M).

The fastest growing export markets for Pharmaceutical products of China between 2022 and 2023 were Azerbaijan ($30.2M), Macau ($27.8M), and Uzbekistan ($19.7M).

Imports In 2023, China imported $45.4B in Pharmaceutical products, becoming the 5th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 12th most imported product in China. China imports Pharmaceutical products primarily from: United States ($7.96B), Ireland ($7.63B), Germany ($5.02B), Switzerland ($4.59B), and Italy ($4.15B).

The fastest growing import markets in Pharmaceutical products for China between 2022 and 2023 were Italy ($2.41B), Singapore ($1.86B), and Ireland ($1.79B).

COMPANIES In 2024, leading companies such as CrimsonLogic (356), Nike (124), and Halyard Health (30) were at the forefront of shipping Pharmaceutical products from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Pharmaceutical products exports accounted up to $1.09B and imports accounted up to $3.59B, resulting in a negative trade balance of $2.51B. Between December 2023 and December 2024 the exports of China's   Pharmaceutical products have increased by $101M (10.3%) from $985M to $1.09B, while imports increased by $370M (11.5%) from $3.22B to $3.59B.

Destinations In December 2024, Pharmaceutical products were exported mostly to United States ($291M), Hong Kong ($61.5M), Germany ($49.2M), India ($32M), and Australia ($32M), and were imported mostly from Germany ($688M), United States ($446M), Switzerland ($362M), Italy ($360M), and Ireland ($281M).

Growth In December 2024, the increase in Pharmaceutical products's year-by-year exports was explained primarily by an increase in exports to Belgium ($29.1M or 1.1k%), United States ($26.4M or 14.6%), and Norway ($15.9M or 12.8k%). In December 2024, the increase in Pharmaceutical products's year-by-year imports was explained primarily by an increase in imports from Ireland ($465M or 158%), Belgium ($138M or 318%), and United Kingdom ($59.1M or 177%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$101M(10.3%)
IMPORT GROWTH (December 2023 - December 2024)$370M(11.5%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States$291M

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.9B
IMPORTS (2023)$45.4B
NET TRADE (2023)-$33.5B

In 2023, China exported $11.9B in Pharmaceutical products. The main destinations of China exports on Pharmaceutical products were United States ($2.62B), France ($584M), Germany ($503M), Denmark ($476M), and Hong Kong ($475M).

In 2023, China imported $45.4B in Pharmaceutical products, mainly from United States ($7.96B), Ireland ($7.63B), Germany ($5.02B), Switzerland ($4.59B), and Italy ($4.15B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR China WERE (2022 - 2023):
Azerbaijan$30.2M (126%)
Macau$27.8M (197%)
Uzbekistan$19.7M (24.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY China WERE (2022 - 2023):
United States-$7.45B (-74%)
Iran-$834M (-97.3%)
United Arab Emirates-$375M (-85.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Pharmaceutical products were:
Germany $115B
United States $100B
Ireland $92B
In 2023, China's main importing competitors in Pharmaceutical products were:
United States $170B
Germany $71.1B
Switzerland $58.2B

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.3B
TOP IMPORT POTENTIALGermany+ $1.79B

Pharmaceutical products’s highest export potential is United States. With an export gap of $1.3B.   Pharmaceutical products’s highest import potential is Germany with an import gap of $1.79B.

See methodology.

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