The pharmaceutical industry of China is expected to continue its overall upward trajectory in the worldwide market with the upcoming times due to the thriving manufacturing units. The government initiatives supporting the favorable trade of leading acquisitions and the implementation of tariff rates over the traded goods are fostering the annual valuation of the nation contributing to the GDP value to a huge extent.
The pharmaceutical export of China has come a long way from a total export value of 64 billion US dollars in 2019 to a trade value of pharmaceuticals exported worth 180 billion US dollars in 2024 representing the thriving manufacturing industry rate. The significant consideration of the new drug introduction in healthcare industries is promoting the regulatory movement of Medicaments in different trade firms recording a hike in the annual export valuation countering the global demands.
The Southeast Asian nation's continuous effort towards promoting the raising awareness of medicaments in Healthcare sectors have recorded a significant hike in the overall export from the region in 2024. According to the China Export Data the top 10 export variants of pharmaceuticals from the nation in 2024 are,
1. Antibiotics – The total value of Antibiotics exported from China in 2024 – 12 billion US dollars.
2. Cardiovascular Drugs – The total value of Cardiovascular drugs exported from China in 2024 – 8 billion US dollars.
3. Antineoplastic Agents – The total value of Antineoplastic agents exported from China in 2024 – 6 billion US dollars.
4. Anti-inflammatory Drugs – The total value of Anti-inflammatory drugs exported from China in 2024 – 5 billion US dollars.
5. Vitamins and Minerals – The total value of Vitamins and minerals exported from China in 2024 – 4 billion US dollars.
6. Vaccines – The total value of Vaccines exported from China in 2024 – 3 billion US dollars.
7. Hormones – The total value of Hormones exported from China in 2024 – 2.5 billion US dollars.
8. Digestive System Drugs – The total value of Digestive system drugs exported from China in 2024 – 1.3 billion US dollars.
9. Respiratory System Drugs – The total value of Respiratory system drugs exported from China in 2024 – 1.2 billion US dollars.
10. Nervous System Drugs – The total value of Nervous system drugs exported from China in 2024 – 1 billion US dollars.
Accompanied by the geographical proximity of China with leading trade destinations the affordable pricing strategies offered by the nation have attracted different foreign traders worldwide leading to regulatory investments in the services. As per the China Trade Data, the top ten export trade partners of the nation with which it exports most of the pharmaceuticals produced in its medicinal industries in 2024 are,
China Trade Data According to the USA Import Data, the valuation of the pharmaceuticals exported from China in 2024 – 15 billion US dollars.
TOP EXPORTED GOODS
1. Paracetamol
2. Ibuprofen
3. Amoxicillin
4. Ciprofloxacin
5. Metformin
2. Germany - According to the Germany Import Data, the valuation of the pharmaceuticals exported from China in 2024 – 10 billion US dollars.
TOP EXPORTED GOODS
1. Atorvastatin
2. Simvastatin
3. Azithromycin
4. Clopidogrel
5. Losartan
3. Japan - According to the Japan Import Data, the valuation of the pharmaceuticals exported from China in 2024 - 8 billion US dollars.
TOP EXPORTED GOODS
1. Amlodipine
2. Furosemide
3. Omeprazole
4. Pantoprazole
5. Ranitidine
4. France - According to the France Import Data, the valuation of the pharmaceuticals exported from China in 2024 - 7 billion US dollars.
TOP EXPORTED GOODS
1. Lisinopril
2. Gabapentin
3. Pregabalin
4. Doxycycline
5. Metoprolol
5. United Kingdom - According to the United Kingdom Import Data, the valuation of the pharmaceuticals exported from China in 2024 – 6 billion US dollars.
TOP EXPORTED GOODS
1. Propranolol
2. Carbamazepine
3. Valproic Acid
4. Lithium Carbonate
5. Hydrochlorothiazide
6. Italy - According to the Italy Import Data, valuation of the pharmaceuticals exported from China in 2024 – 5 billion US dollars.
TOP EXPORTED GOODS
1. Spironolactone
2. Chloroquine
3. Hydroxychloroquine
4. Methotrexate
5. Sulfasalazine
7. Denmark - According to the Denmark Import Data, the valuation of the pharmaceuticals exported from China in 2024 – 4 billion US dollars.
TOP EXPORTED GOODS
1. Allopurinol
2. Colchicine
3. Budesonide
4. Fluticasone
5. Beclometasone
8. Australia - According to the Australia Import Data, the valuation of the pharmaceuticals exported from China in 2024 - 3 billion US dollars.
TOP EXPORTED GOODS
1. Mometasone
2. Ciclesonide
3. Salbutamol
4. Formoterol
5. Salmeterol
9. Russia - According to the Russia Import Data, the valuation of the pharmaceuticals exported from China in 2024 – 2 billion US dollars.
TOP EXPORTED GOODS
1. Tiotropium
2. Ipratropium
3. Theophylline
4. Simvastatin
5. Azithromycin
10. Brazil - According to the Brazil Import Data, the valuation of the pharmaceuticals exported from China in 2024 – 1.7 billion US dollars.
TOP EXPORTED GOODS
1. Salmeterol
2. Beclomethasone
3. Mometasone
4. Amoxicillin
5. Paracetamol
Que. What is the Top Exported Pharmaceuticals Category of China in 2024?
Ans. China has mostly exported antibiotics in 2024.
Que. What is the Export Trade Value of Pharmaceuticals From China in 2024?
Ans. The export trade value of pharmaceuticals from China in 2024 is 180 billion US dollars.
Que. Name the Top Export Trade Partner of China for Pharmaceutical Export in 2024?
Ans. The United States remains the top export trade partner of China for pharmaceuticals in 2024.
Que. Where Can You Get a Detailed Trade Analysis of the Pharmaceutical Export of China in 2024?
Ans. By subscribing to Import Globals you can get a dictated trade analysis of the pharmaceuticals export of China in 2024.