India has maintained its lead over China of pharma exports, according to a statement by the ministry of commerce and industry. The country’s pharma exports rose 7.55%, from 2014 to 2015. China’s pharma exports rose 5.3% from $6.59 billion to $6.94 billion in the same period.
India maintained its lead over China in all major export markets including the USA, European Union and Africa. Exports of pharma products to the USA increased 23.4% from $3.84 billion to $4.74 billion. Exports from China to the US rose from $1.16 billion to $1.34 billion in the same period. India also maintained its lead with pharma exports to the European Union and Africa, both growing to $1.5 billion and $3.04 billion respectively. China’s exports to both markets showed a declining trend.