Imports of Drugs and Medicines by Country
Imports of Drugs and Medicines by Country the pharmaceuticals closeupWorldwide purchases of imported pharmaceutical capsules and drugs fee a complete US$457.8 billion in 2021.
The imports of drugs and medicine overall spending on pharmaceutical capsules and medicinal drug imports extended by 22.2% for all importer international locations on account that 2017 whilst import purchases of medicine and drugs had been valued at $374.four billion.
From 2020 to 2021, worldwide import purchases of medicine and drugs extended by 3.1%.
The world’s five largest importers of pharmaceutical drug treatments are the US of America, Germany, Switzerland, Belgium, and mainland China. Collectively, that cohort of worldwide shoppers paid for 42.eight% of worldwide imported capsules and drugs all through 2021. That percentage shows a highly focused marketplace of buyers.
Imports of drugs and medicine from a continental perspective, European international locations had been accountable for over half (51.6%) of world capsules and drugs imported all through 2021 with pharmaceutical purchases valued at $236.three billion. In the 2d vicinity had been North American importers at 21.five% whilst 18.7% of imported prescription drugs became introduced to clients in Asia.
Smaller probabilities had been introduced to Latin America (three.6%) apart from Mexico however together with the Caribbean, Africa (three.2%) then Oceania (1.five%) led through Australia and New Zealand.
The metrics under integrate subtotals for 2 four-digit Harmonized Tariff System code prefixes for capsules and medicinal drug subcategories, in particular prefixes 3003 (including 2 or greater elements blended together) and 3004 (other).
Imports of Drugs and Medicines:
Top 15 Importer of drugs and medicine Countries
Below are the 15 international locations that imported the best greenback cost really well worth of medicine and drugs all through 2021.
- United States: US$85.three billion (18.6% of overall prescribed drugs/drug treatments imports)
- Germany: $33.7 billion (7.4%)
three. Switzerland: $27.three billion (6%)
four. Belgium: $25.four billion (5.6%)
five. China: $23.nine billion (5.2%)
- Japan: $18.five billion (4%)
- France: $18 billion (3.9%)
eight. Italy: $17.three billion (3.8%)
nine. United Kingdom: $15.6 billion (3.4%)
- Netherlands: $13.8 billion (3%)
- Spain: $12.3 billion (2.7%)
- Russia: $9.6 billion (2.1%)
- Canada: $9.5 billion (2.1%)
- Poland: $5.8 billion (1.three%)
- Australia: $5.6 billion (1.2%)
Among the above international locations, the fastest-developing markets for prescribed drugs and drugs on account that 2017 had been: the Netherlands (up 54.4%), Switzerland (up 40.1%), mainland China (up 37.2%), and Canada (up 32.9%).
The United Kingdom became the lone pinnacle importer to submit a decline in its imports of prescribed drugs and drugs through a -28.three% reduction.
By cost, the indexed 15 international locations bought 70.3% of all prescribed drugs and drugs imports in 2021.
Must read: Permitted drugs at Turkish airport terminals
Import of Drugs and Medicines:
All Importer Countries in 2021
By cost, a hundred key international locations showcased withinside the following computerized database offered 98% of imported pharmaceutical capsules and drugs bought in 2021.
Import of drugs and medicine by country
|RANK||IMPORTER||DRUGS & MEDICINES||%2017-21|
|34.||United Arab Emirates||$2,149,831,000||-34.4%|
|98.||Democr. Rep. Congo||$253,375,000||+46%|
Import of drugs and medicine by country
Widening the scope to consciousness at the pinnacle of a hundred most important importers of medicine and drugs, the fastest-grower over the 5-12 months length beginning in 2017 became Slovenia through a 419.nine% boom in spending. In 2d vicinity had been importers in Nigeria (up 257.1%), Estonia (up 94.5%), Azerbaijan (up 93.2%), Malta (up 77.1%) and India (up 70.8%).
You can alternate the above table’s presentation order by clicking the triangle icon on the pinnacle of any of the table’s columns.
Read also: Import Documents and Paperwork
Imports of Drugs and Medicines Companies:
Below are conglomerates that might be the main providers enjoying the worldwide call for the prescription import of drugs. Shown inside parenthesis is us of a wherein the imparting enterprise is headquartered.
• Abbott Laboratories (United States)
• AbbVie (United States)
• Actavis (Ireland)
• Allergan (United States)
• AmerisourceBergen (United States)
• Astellas Pharma (Japan)
• AstraZeneca (United Kingdom)
• Bristol-Myers Squibb (United States)
• Cardinal Health (United States)
• Daiichi Sankyo (Japan)
• Eli Lilly & Co (United States)
• GlaxoSmithKline (United Kingdom)
• McKesson (United States)
• Merck & Co (United States)
• Merck (Germany)
• Mylan (United States)
• Novartis (Switzerland)
• Novo Nordisk (Denmark)
• Otsuka Holding (Japan)
• Pfizer (United States)
• Roche Holding (Switzerland)
• Sanofi (France)
• Sinopharm Group (China)
• Takeda Pharmaceutical (Japan)
• Teva Pharmaceutical (Israel)
• Valeant Pharmaceuticals (Canada)
Imports of drugs and medicine Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Imports – Commodities. Accessed on July 21, 2022
International Trade Centre, Trade Map. Accessed on July 21, 2022
Investopedia, Net Exports Definition. Accessed on July 21, 2022
Wikipedia, Drug. Accessed on July 21, 2022
Read also: Documents needed for exportation