India maintains lead over China in pharmaceutical exports
05 Jul 2016
India continues to rule over China at least in the pharmaceuticals sector, with exports nearly double that of China in the year 2015. India's pharmaceutical exports stood at $12.54 billion in 2015, up 7.55 per cent from $11.66 billion in the previous year, while China's pharma product exports increased to $6.94 billion in 2015 from 6.59 billion in the previous year, showing a growth of 5.3 per cent during the 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 $3.84 billion to $4.74 billion, a growth of 23.4 per cent against China's Pharma exports to US, which moved from $1.16 billion to $1.34 billion in the same period showing a growth of 15 per cent.
India maintained its lead with growth in EU and Africa recording exports of $1.5 billion and $3.04 billion, respectively, while China's exports to the EU and Africa showed a declining trend in both the markets.