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2022
Exports $236MWorld Rnk 18 / 199
Flag Rnk 274 / 1212
2022
Destination $4.43M United States
2021 - 2022
FASTEST GROWING MARKET $4.43MRussia
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $151MWorld Rnk 23 / 220
Flag Rnk 373 / 1206
2022
Origin $3.59M China
2021 - 2022
FASTEST GROWING ORIGIN $3.59MGermany
2022
ECONOMIC COMPLEXITY of India0.64Rnk 40 / 133

About

Exports In 2022, India exported $236M in Special Pharmaceuticals, making it the 18th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 274th most exported product in India. The main destination of Special Pharmaceuticals exports from India are: United States ($76.4M), Ethiopia ($12.4M), Spain ($8.01M), Russia ($7.72M), and Canada ($6.28M).

The fastest growing export markets for Special Pharmaceuticals of India between 2021 and 2022 were Russia ($4.43M), Mexico ($4.06M), and Ethiopia ($3.86M).

Imports In 2022, India imported $151M in Special Pharmaceuticals, becoming the 23rd largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 373rd most imported product in India. India imports Special Pharmaceuticals primarily from: China ($54.2M), Germany ($14.6M), United States ($12.1M), Indonesia ($11M), and Japan ($8.41M).

The fastest growing import markets in Special Pharmaceuticals for India between 2021 and 2022 were Germany ($3.59M), Indonesia ($3.42M), and Finland ($3.03M).

Latest Trends

Oct 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 (2022)$236M
IMPORTS (2022)$151M
NET TRADE (2022)$85M

In 2022, India exported $236M in Special Pharmaceuticals. The main destinations of India exports on Special Pharmaceuticals were United States ($76.4M), Ethiopia ($12.4M), Spain ($8.01M), Russia ($7.72M), and Canada ($6.28M).

In 2022, India imported $151M in Special Pharmaceuticals, mainly from China ($54.2M), Germany ($14.6M), United States ($12.1M), Indonesia ($11M), and Japan ($8.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR India WERE (2021 - 2022):
Russia$4.43M (135%)
Mexico$4.06M (214%)
Ethiopia$3.86M (45.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY India WERE (2021 - 2022):
United States-$31.2M (-29%)
Canada-$2.64M (-29.6%)
Madagascar-$1.99M (-87.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, India's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
Belgium $1.22B
China $1.01B

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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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