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India continues its supremacy over China in Pharmaceuticals

 

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India continues to win race in pharmaceuticals export over China as per government data. Pharmaceutical exports is leading China's export in important places like US, European Union (EU) and Africa. It is also noted that China's pharmaceutical export in EU & Africa is reducing gradually.

India’s pharmaceutical exports continued its lead over China in 2015. While India’s Pharma exports grew from USD 11.66 Billion to USD 12.54 Billion in 2015 recording a growth of 7.55%, China increased its exports of Pharma products from USD 6.59 Billion to USD 6.94 Billion showing a growth of 5.3% during the same period.

India moved ahead of China in all important markets such as US, European Union and Africa. India’s exports of Pharma products to US jumped from USD 3.84 Billion to USD 4.74 Billion, a growth of 23.4% as against China’s Pharma exports to US which moved from USD 1.16 Billion to USD 1.34 Billion in the same period showing a growth of 15%.

India maintained its lead with growth in EU and Africa recording exports of USD 1.5 Billion and USD 3.04 Billion respectively while China’s exports to EU & Africa showed a declining trend in both the markets.

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