by Suman Gupta
USA is India’s largest pharmaceutical importer and imported pharma products worth USD 6.5 billion from India in 2018. However, India had a miniscule share of 5.6% in USA’s total imports of pharmaceutical products worth USD 116 billion from the world in 2018.
With its robust pharmaceutical manufacturing capabilities, India has the potential to enhance its pharma exports to USA. MVIRDC World Trade Center Mumbai has, therefore, identified 10 products which constituted about 25% of USA’s pharma imports from the world in 2018 at USD 29.6 billion and about 17% of USA’s pharma imports from India in 2018, amounting to USD 1 billion.
USA’s imports of these products from India individually constituted a share of less than 10% and more than 2% in USA’s imports of these products from the world in 2018. However, USA’s imports of these products from India cumulatively constituted only 3.7% of its imports of these products from the world in 2018.
Indian pharma exporters can increase their presence in the US market through exporting these products:
USA’s Pharma Imports from India with a share of less than 10% and more than 2% in USA’s Imports from the World |
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HS Code |
Product Description |
USA’s Imports from India (2018, USD Million) |
USA’s Imports from World (2018, USD Million) |
Share of USA’s Imports from India in USA’s Imports from World |
3004505020 |
Single Vitamins, Not Combined With Minerals Or Other Nutrients |
5 |
54 |
9.32% |
3004909240 |
Medicaments Primarily Affecting The Central Nervous System, Put Up In Measured Doses Or In … |
191 |
2,643 |
7.24% |
3004909276 |
Cough And Cold Preparations Put Up In Measured Doses Or In Forms For Retail Sale, Nesoi |
17 |
277 |
6.26% |
3004909245 |
Dermatological Agents And Local Anesthetics Put Up In Measured Doses Or In Forms Or Packings … |
52 |
847 |
6.15% |
3004909285 |
Medicaments Primarily Affecting The Eyes, Ears Or Respiratory System, Put Up In Measured Doses … |
62 |
1,320 |
4.66% |
3006600000 |
Chemical Contraceptive Preparations Based On Hormones Or Spermicides |
97 |
2,135 |
4.54% |
3005901000 |
Sterile Surgical Catgut, Similar Sterile Suture Materials And Sterilesuture Materials And Sterile … |
5 |
117 |
3.88% |
3003900100 |
Other Medicaments (Excluding Goods Of Heading 3002, 3005 Or 3006) Consisting Of Two Or More … |
34 |
1,075 |
3.19% |
3004909215 |
Antineoplastic And Immunosupressive Medicaments Put Up In Measured Doses Or In Forms Or Packings … |
576 |
18,983 |
3.04% |
3004320000 |
Medicaments Containing Corticosteroid Hormones, Their Derivatives And Structural Analogues |
53 |
2,178 |
2.43% |
Total of the Above Products |
1,092 |
29,627 |
3.69% |
|
Total Pharmaceutical Imports |
6,526 |
116,348 |
5.61% |
|
