Pharmaceutical imports up 7.65%

16:38 | 03/11/2014

VGP – As of September 2014, Viet Nam’s pharmaceutical imports reached more than US$1.4 billion, a year-on-year increase of 7.65%, ranking 13th among 175 nations and territories, according to the Viet Nam Customs.

Illustration photo

In the third quarter of 2014, the turnover of imported pharmaceuticals topped US$517.7 million, up 0.6% compared to the third quarter of 2013.

India is the largest exporter of pharmaceuticals to Viet Nam among 28 markets around the world with US$199.9 million, accounting for 13.4% and up 8.67%.

France and Germany came second and third with US$172.8 million and US$143.4 million, down 7.93% and up 25.09%, respectively.

Over the past nine months of 2014, Viet Nam spared more than US$263 million to import medicine-making materials, up 20.61%.

China is the main provider of the materials for Viet Nam with a turnover of US$150.6 million, up 34.62% and accounting for 57.1%, followed by India with US$42.7 million, up 18.25%.

By Thuy Dung