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2022
Exports $15.3BWorld Rnk 13 / 223
Flag Rnk 32 / 96
2022
Destination $260M United States
2021 - 2022
FASTEST GROWING MARKET $260MUnited States
2022
PRODUCT COMPLEXITY IN Pharmaceutical products1.38Rnk 75 / 1025
2022
Imports $37.4BWorld Rnk 5 / 226
Flag Rnk 13 / 96
2022
Origin $2.29B United States
2021 - 2022
FASTEST GROWING ORIGIN $2.29BUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

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 CrimsonLogic (24), Walgreens (20), and Ledvance (17) were at the forefront of shipping Pharmaceutical products from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Pharmaceutical products exports accounted up to $960M and imports accounted up to $3.76B, resulting in a negative trade balance of $2.8B. Between October 2023 and October 2024 the exports of China's   Pharmaceutical products have increased by $187M (24.1%) from $774M to $960M, while imports increased by $518M (16%) from $3.24B to $3.76B.

Destinations In October 2024, Pharmaceutical products were exported mostly to United States ($228M), Denmark ($107M), India ($37.7M), Hong Kong ($36.5M), and United Kingdom ($30.6M), and were imported mostly from Germany ($657M), United States ($645M), Ireland ($465M), France ($329M), and Italy ($308M).

Growth In October 2024, the increase in Pharmaceutical products's year-by-year exports was explained primarily by an increase in exports to Netherlands ($5.3M or 32.7%), France ($5.28M or 8.19%), and Singapore ($3M or 40.2%). In October 2024, the increase in Pharmaceutical products's year-by-year imports was explained primarily by an increase in imports from Germany ($406M or 57.6%), Canada ($215M or 658%), and China ($120M or 5.8k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$187M(24.1%)
IMPORT GROWTH (October 2023 - October 2024)$518M(16%)
MAIN EXPORTER (October 2024)Jiangsu Province$251M
MAIN DESTINATION (October 2024)United States$228M

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.

For full datasets download visit Bulk Download page.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.3B
IMPORTS (2022)$37.4B
NET TRADE (2022)-$22.1B

In 2022, China exported $15.3B in Pharmaceutical products. The main destinations of China exports on Pharmaceutical products were United States ($3.39B), France ($697M), Denmark ($641M), Italy ($550M), and Hong Kong ($528M).

In 2022, China imported $37.4B in Pharmaceutical products, mainly from United States ($8.96B), Germany ($5.24B), Switzerland ($5.23B), Ireland ($4.22B), and France ($1.78B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$260M (8.31%)
Australia$90.1M (36.4%)
Italy$67.7M (14%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY China WERE (2021 - 2022):
Germany-$3.04B (-86.3%)
Indonesia-$1.98B (-92.2%)
Pakistan-$1.45B (-92.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Pharmaceutical products were:
Germany $125B
Switzerland $93.8B
United States $90B
In 2022, China's main importing competitors in Pharmaceutical products were:
United States $168B
Germany $71.1B
Switzerland $48.5B

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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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