Pharmaceuticals Import of Turkey: The Latest Trade Analysis of 2024

Turkey, a transcontinental nation on the Anatolian Peninsula, sharing borders with Greece, Bulgaria, the Mediterranean Sea, and Iran in the west, south, and east directions, has emerged as a leading importer of pharmaceuticals in the international trade market. The Turkish lira depreciation has made the import of drugs more expensive in local currency terms. It has prompted the healthcare providers and distributors to stock more pharmaceutical imports for managing the risk associated with the currency volatility. Turkey Export Data says that the rise in demand for biologics and specialty medications has increased the capacity of the domestic producers regarding the import of pharmaceuticals to fill the gap of essentials, as per the consumer-based demand.

The supply shortages and global supply chain disruptions like the COVID-19-related shocks have increased the reliance of the nation on the imports of active pharmaceutical ingredients. The regulatory reforms and harmonization policies for the smooth regulation and approval pathways have resulted in an import trade value of pharmaceuticals worth 10 billion US dollars in 2024. Subscribe to Import Globals, an import-export trade provider, to stay updated with the latest information on pharmaceuticals imported in Turkey via the Turkey trade data.

POLICY REFORMS SUPPORTING THE IMPORT OF PHARMACEUTICALS IN TURKEY IN 2024

The TITCK, Procurement of Pharmaceuticals from Abroad Regulation, has introduced new rules under the Regulation on the Procurement of Pharmaceuticals. This initiative has simplified the reliable access of small and medium enterprises to medicines that are not available in Turkey. The Guideline on Import Applications and Market Release Permits has cleared the licensing criteria for specific pharmaceutical imports like Vaccines, Immunological Medicines, and Herbal Medicines.

This import permit has reduced the delays in significant delivery time while enabling the timely access to necessary pharmaceuticals. The Dynamic Reference Pricing System and Annual FX Reviews have reduced the pricing distortion and stabilized the reimbursement levels, helping the importers set up their price strategies for drugs as per the global standards while maintaining profitability. The Expanded Authorized Importers have elevated the emergency use medications supplied during shortages, with a revenue share of 3% in the import volumes.

THE LEADING VARIANTS OF PHARMACEUTICAL IMORTED IN TURKEY IN 2024

Pharmaceuticals have been the top-most imported commodity of Turkey due to the rise in consumer-based demands. According to the Turkey Import Data, the top 10 leading variants of pharmaceuticals imported in Turkey in 2024 are,

  1. Vaccines — The annual valuation of Vaccines imported in Turkey in 2024–3.21 billion US dollars
  2. Insulin’s– The annual valuation of Insulin’s imported in Turkey in 2024–2.21 billion US dollars
  3. Blood products & plasma derived therapies — The annual valuation of Blood products & plasma derived therapies imported in Turkey in 2024–1.82 billion US dollars
  4. Oncology drugs– The annual valuation of Oncology drugs imported in Turkey in 2024–1.24 billion US dollars
  5. Reference Biotechnological Products– The annual valuation of Reference Biotechnological Products imported in Turkey in 2024–943 million US dollars
  6. Antiretroviral and Antiviral Drugs– The annual valuation of Antiretroviral and Antiviral Drugs imported in Turkey in 2024–754 million US dollars
  7. Orphan Drugs– The annual valuation of Orphan Drugs imported in Turkey in 2024–623 million US dollars
  8. Hormone Replacement Therapies– The annual valuation of Hormone Replacement Therapies imported in Turkey in 2024–564 million US dollars
  9. Specialty Neurology/Neuroscience Drugs– The annual valuation of Specialty Neurology/Neuroscience Drugs imported in Turkey in 2024–487 million US dollars
  10. High-cost Cardiovascular Originator Medications– The annual valuation of High-cost Cardiovascular Originator Medications imported in Turkey in 2024–376 million US dollars

TOP 10 IMPORT TRADE PARTNERS OF TURKEY FOR PHARMACEUTICALS IN 2024

The stronger bilateral relationship with the leading trade partners and the valuable pricing strategies adopted as per the global trade regulations has fostered the production strategies of the Pharma industry. As per the Turkey Customs Data, the top 10 import Trade partners of the nation for pharmaceutical imports in 2024 are,

  • Germany — The total trade value of pharmaceuticals imported in Turkey from Germany in 2024–3.08 billion US dollars

Top 5 variants of pharmaceuticals imported

1. Rosuvastatin

2. Montelukast

3. Insulin glargine

4. Insulin aspart

5. Gliclazide

  • United States — The total trade value of pharmaceuticals imported in Turkey from the United States in 2024–2.31 billion US dollars

Top 5 variants of pharmaceuticals imported

1. Glibenclamide

2. Warfarin

3. Heparin

4. Enoxaparin

5. Sertraline

  • Ireland — The total trade value of pharmaceuticals imported in Turkey from Ireland in 2024–1.76 billion US dollars

Top 5 variants of pharmaceuticals imported

1. Fluoxetine

2. Amitriptyline

3. Risperidone

4. Olanzapine

5. Diazepam

  • China — The total trade value of pharmaceuticals imported in Turkey from China in 2024–1.21 billion US dollars

Top 5 variants of pharmaceuticals imported

1. Lorazepam

2. Alprazolam

3. Aripiprazole

4. Pregabalin

5. Gabapentin

  • India — The total trade value of pharmaceuticals imported in Turkey from India in 2024–1 billion US dollars

Top 5 variants of pharmaceuticals imported

1. Furosemide

2. Metoprolol

3. Simvastatin

4. Ranitidine

5. Clarithromycin

  • United Kingdom — The total trade value of pharmaceuticals imported in Turkey from the United Kingdom in 2024–854 million US dollars

Top 5 variants of pharmaceuticals imported

1. Hydroxychloroquine

2. Prednisolone

3. Hydrocortisone

4. Lisinopril

5. Salbutamol

  • France — The total trade value of pharmaceuticals imported in Turkey from France in 2024–743 million US dollars

Top 5 variants of pharmaceuticals imported

1. Pantoprazole

2. Levothyroxine

3. Cetirizine

4. Clopidogrel

5. Fluconazole

  • Italy — The total trade value of pharmaceuticals imported in Turkey from Italy in 2024–625 million US dollars

Top 5 variants of pharmaceuticals imported

1. Captopril

2. Diclofenac

3. Ciprofloxacin

4. Cefixime

5. Doxycycline

  • Switzerland — The total trade value of pharmaceuticals imported in Turkey from Switzerland in 2024–532 million US dollars

Top 5 variants of pharmaceuticals imported

1. Amlodipine

2. Atorvastatin

3. Omeprazole

4. Losartan

5. Aspirin

  • South Korea — The total trade value of pharmaceuticals imported in Turkey from South Korea in 2024–465 million US dollars

Top 5 variants of pharmaceuticals imported

1. Paracetamol

2. Ibuprofen

3. Amoxicillin

4. Azithromycin

5. Metformin

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