2023
Exports
$255MWorld Rnk 19 / 190
Flag Rnk 257 / 1212
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.53Rnk 356 / 1025
2023
Imports
$149MWorld Rnk 21 / 220
Flag Rnk 364 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $255M in Special Pharmaceuticals, making it the 19th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 257th most exported product in India. The main destination of Special Pharmaceuticals exports from India are: United States ($74.3M), Zambia ($18.3M), Russia ($16.8M), Ethiopia ($9.15M), and Turkey ($5.37M).

The fastest growing export markets for Special Pharmaceuticals of India between 2022 and 2023 were Zambia ($17.4M), Russia ($9.13M), and South Africa ($2.52M).

Imports In 2023, India imported $149M in Special Pharmaceuticals, becoming the 21st largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 364th most imported product in India. India imports Special Pharmaceuticals primarily from: China ($41.5M), Germany ($19.6M), United States ($13.4M), Indonesia ($9.79M), and Japan ($8.31M).

The fastest growing import markets in Special Pharmaceuticals for India between 2022 and 2023 were Germany ($4.05M), Sweden ($1.96M), and Netherlands ($1.85M).

Latest Trends

Dec 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 Special Pharmaceuticals. 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 (2023)$255M
IMPORTS (2023)$149M
NET TRADE (2023)$106M

In 2023, India exported $255M in Special Pharmaceuticals. The main destinations of India exports on Special Pharmaceuticals were United States ($74.3M), Zambia ($18.3M), Russia ($16.8M), Ethiopia ($9.15M), and Turkey ($5.37M).

In 2023, India imported $149M in Special Pharmaceuticals, mainly from China ($41.5M), Germany ($19.6M), United States ($13.4M), Indonesia ($9.79M), and Japan ($8.31M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR India WERE (2022 - 2023):
Zambia$17.4M (2.05k%)
Russia$9.13M (118%)
South Africa$2.52M (231%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY India WERE (2022 - 2023):
United States-$10.9M (-12.8%)
Canada-$5.96M (-69.1%)
Ethiopia-$4.79M (-34.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Special Pharmaceuticals were:
In 2023, India's main importing competitors in Special Pharmaceuticals were:

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $41.4M
TOP IMPORT POTENTIALChina+ $23.9M

Special Pharmaceuticals’s highest export potential is United States. With an export gap of $41.4M.   Special Pharmaceuticals’s highest import potential is China with an import gap of $23.9M.

See methodology.

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