Pharmaceuticals Export of Bangladesh in 2024: Valuable Outputs of the Export Trade Partners

The growing global concern of healthcare industries regarding the proper production of pharmaceuticals as per the requirement of the healthcare industrials recorded a significant hike in the overall export of pharmaceuticals from Bangladesh in 2024. The technological evolutions and the cutting-edge technologies used for manufacturing specified and most demanded pharmaceutical commodities have fostered the annual export valuation of Bangladesh, countering the gross domestic product and solidifying its trade rank in the global market. The rise in exports from the trade firms of Bangladesh is mainly attributed to international organizations such as UNICEF and the World Health Organization. The trade firms have secured international tenders, contributing to a continuous upward trajectory in the overall exports.

The rise in production levels and the increasing demand for global trade partners have made Bangladesh introduce divergent variants of its pharmaceutical production in the worldwide supply. Due to these leading acquisitions, Bangladesh has recorded an overall export value of pharmaceuticals worth 3.8 billion US dollars in 2024. The report published by Bangladesh Import Data highlights the categorized shipments of different globally demanded acquisitions from the trade firms for helping the business owners understand the latest trend strategies followed for recording a positive outgrowth in their future trade aspects.

THE LEADING VARIANTS OF PHARMACEUTICALS EXPORTED FROM BANGLADESH IN 2024

To maintain stability with the globally demanded acquisitions and to fulfill the acquired demanded commodities, Bangladesh has introduced divergent variants of its production in its global supplies. As per the Bangladesh Export Data, the top 10 leading variants of Pharmaceuticals exported from Bangladesh in 2024 are,

  1. Generic Drugs — The total value of Generic Drugs exported from Bangladesh in 2024–457 million US dollars
  2. Antibiotics — The total value of Antibiotics exported from Bangladesh in 2024–352 million US dollars
  3. Vaccines — The total value of Vaccines exported from Bangladesh in 2024–287 million US dollars
  4. Cardiovascular Drugs — The total value of Cardiovascular Drugs exported from Bangladesh in 2024–165 million US dollars
  5. Hormonal Drugs — The total value of Hormonal Drugs exported from Bangladesh in 2024–126 million US dollars
  6. Nutraceuticals — The total value of Nutraceuticals exported from Bangladesh in 2024–75 million US dollars
  7. Anti-Cancer Drugs — The total value of Anti-Cancer Drugs exported from Bangladesh in 2024–47 million US dollars
  8. Inhalers — The total value of Inhalers exported from Bangladesh in 2024–38 million US dollars
  9. Ophthalmic Medications — The total value of Ophthalmic Medications exported from Bangladesh in 2024–28 million US dollars
  10. Insulin — The total value of Insulin exported from Bangladesh in 2024–15 million US dollars

THE LEADING EXPORT TRADE PARTNERS OF BANGLADESH FOR PHARMACEUTICALS EXPORT IN 2024

To fill up the trade gaps between the top trade destinations; Ivory Coast has put up several trade agreements for fostering its annual valuations. According to the Bangladesh Customs Data, the top 10 leading export trade partners of Bangladesh for pharmaceuticals export in 2024 are,

  1. United States — The annual valuation of pharmaceuticals exported from Bangladesh to the United States in 2024–387 million US dollars

Top pharmaceuticals exports

1. Generic Medicines

2. Antibiotics

3. Vaccines

4. Cardiovascular Medications

5. Anti-diabetic Drugs

2. Germany — The annual valuation of pharmaceuticals exported from Bangladesh to Germany in 2024–266 million US dollars

Top pharmaceuticals exports

1. Generic Medicines

2. Vaccines

3. Antibiotics

4. Over-the-counter (OTC) Medications

5. Nutraceuticals

3. United Kingdom — The annual valuation of pharmaceuticals exported from Bangladesh to the United Kingdom in 2024–185 million US dollars

Top pharmaceuticals exports

1. Generic Medicines

2. Antibiotics

3. Vaccines

4. Cardiovascular Drugs

5. Anti-cancer Drugs

4. France — The annual valuation of pharmaceuticals exported from Bangladesh to France in 2024–145 million US dollars

Top pharmaceuticals exports

1. Generic Drugs

2. Antibiotics

3. Vaccines

4. Cardiovascular Drugs

5. Anti-Cancer Drugs

5. Australia — The annual valuation of pharmaceuticals exported from Bangladesh to Australia in 2024–89 million US dollars

Top pharmaceuticals exports

1. Generic Drugs

2. Antibiotics

3. Vaccines

4. Cardiovascular Medications

5. Antidiabetic Drugs

  1. Gulf Cooperation — The annual valuation of pharmaceuticals exported from Bangladesh to Gulf Cooperation in 2024–78 million US dollars

Top pharmaceuticals exports

1. Generic Drugs

2. Cardiovascular Drugs

3. Vaccines

4. Oncology Drugs

5. Antidiabetic Drugs

7. Canada — The annual valuation of pharmaceuticals exported from Bangladesh to Canada in 2024–65 million US dollars

Top pharmaceuticals exports

1. Antidiabetic drugs

2. Vaccines

3. Oncology drugs

4. Antibiotics

5. Nutraceuticals

8. Netherlands — The annual valuation of pharmaceuticals exported from Bangladesh to the Netherlands in 2024–54 million US dollars

Top pharmaceuticals exports

1. Insulin

2. Inhalers

3. Cardiovascular drugs

4. Hormonal drugs

5. Anticancer drugs

9. Russia — The annual valuation of pharmaceuticals exported from Bangladesh to Russia in 2024–47 million US dollars

Top pharmaceuticals exports

1. Antibiotics

2. Cardiovascular drugs

3. Analgesics

4. Hormonal drugs

5. Vitamins and supplements

10. South Africa — The annual valuation of pharmaceuticals exported from Bangladesh to South Africa in 2024–38 million US dollars

Top pharmaceuticals exports

1. Oncology drugs

2. Analgesics

3. Hormonal drugs

4. Vaccines

5. Cardiovascular drugs

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

Russia Import Export Statistics 2023

  Russia's trade activities were significant, with both exports and imports playing crucial roles in its economy. Here's a general overview: Exports: Energy Resources: Russia is renowned for its vast energy resources, particularly oil and natural gas. These resources constitute a substantial portion of Russia's export revenue. Russia Export Data Minerals and Metals: Russia also exports various minerals and metals, including iron ore, coal, aluminum, and copper. Arms and Military Equipment: The country is a significant exporter of arms and military equipment to various countries around the world. Agricultural Products: Russia exports agricultural commodities such as wheat, barley, and other grains. Imports: Machinery: Russia imports machinery and equipment for industrial purposes, including machinery for manufacturing and infrastructure development. Russia Import Data Consumer Goods: Like many countries, Russia imports various consumer goods such as electronics, clothi...
Read more

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more