Pharmaceuticals Export of the Dominican Republic in 2024: The Latest Trends and Updates

Pharmaceuticals are substances or products traded globally for the diagnosis and treatment of diseases and hazardous medical conditions. The sector encompassing a wide range of drugs like biologics and generics has been preferred more by the leading trade authorities due to the worldwide increasing demand and unequal production and resources. The economic importance and the technological specialization, along with regulatory certification standards, have maintained continuity in the global trade. The Dominican Republic Import Data says,the country in the Caribbean region, bordered by the Atlantic Ocean and the Caribbean Ocean in the north and east direction, has solidified its position as a substantial contributor to the worldwide pharmaceuticals trade market, driven mostly by the high foreign capital participation and the advanced manufacturing capacity.

Due to the strong integration of the pharma medical industry with the free zone export infrastructure and the skilled workforce engaged in the healthcare facilities for active pharma production, the country has recorded a total valuation of pharmaceutical export worth 6 billion US dollars in 2024. The strong supply chain integration and the local innovation and R&D capacity have further benefited the trade revenue. Subscribe to Import Globals, the leading Dominican Republic import export trade provider, to stay updated with the latest information regarding the pharmaceutical export of the nation via the Dominican Republic Trade Data.

GOVERNMENT INITIATIVES SUPPORTING THE PHARMACEUTICAL EXPORT OF THE DOMINICAN REPUBLIC IN 2024

The free zone expansion has boosted the capacity for pharmaceutical production while creating more fiscal incentives for production zones. The export zone investment growth has scaled up the exports of pharmaceuticals while reinforcing the free zone regime.

The recognition of the medical pharma free zone cluster has strengthened the coordination while promoting visibility. The supplier development via business forums has reduced the dependence on imports for inputs. The strategic sector promotion by MICM has helped the sector attract foreign investors, backed up by the government authorities. 

THE LEADING VARIANTS OF PHARMACEUTICALS EXPORTED FROM THE DOMINICAN REPUBLIC 

Export diversification, along with the legal support and policy stability, has aided the overall pharmaceutical trade. According to the Dominican Republic Export Data, the top 10 leading variants of pharmaceuticals exported from the nation in 2024 are,

  • Medicaments – The annual valuation of Medicaments exported from the Dominican Republic in 2024 – 2.19 billion US dollars
  • APIs – The annual valuation of APIs exported from the Dominican Republic in 2024 – 1.87 billion US dollars
  • Blood components– The annual valuation of Blood components exported from the Dominican Republic in 2024 – 1.25 billion US dollars
  • Syringes– The annual valuation of Syringes exported from the Dominican Republic in 2024 – 919 million US dollars
  • Reagents – The annual valuation of Reagents exported from the Dominican Republic in 2024 – 768 million US dollars
  • Vaccines – The annual valuation of Vaccines exported from the Dominican Republic in 2024 – 692 million US dollars
  • Vitamins – The annual valuation of Vitamins exported from the Dominican Republic in 2024 – 587 million US dollars
  • Collagen – The annual valuation of Collagen exported from the Dominican Republic in 2024 – 489 million US dollars
  • Dressings– The annual valuation of Dressings exported from the Dominican Republic in 2024 – 367 million US dollars
  • Device components– The annual valuation of Device components exported from the Dominican Republic in 2024 – 289 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF THE DOMINICAN REPUBLIC IN 2024

The country, with its rising global demand for affordable generic drugs and strategic alignment with the U.S. industrial policies, has set up different relations of stable bilateral terms with the topmost regions worldwide. According to the Dominican Republic Customs Data, the top 10 export trade partners of the nation for pharmaceuticals exports in 2024 are,

  • United States – The total valuation of pharmaceuticals exported from the Dominican Republic to the United States in 2024 – 2.26 billion US dollars
  • Top 5 variants of pharmaceuticals exported
    • Leukotriene receptor antagonists
    • Cystic fibrosis modulators
    • Parkinson’s disease medicines (dopaminergic)
    • Alzheimer’s disease drugs (cholinesterase inhibitors)
    • Anti‑epileptic drugs (AEDs)
  • Haiti – The total valuation of pharmaceuticals exported from the Dominican Republic to Haiti in 2024 – 2.09 billion US dollars
  • Top 5 variants of pharmaceuticals exported
    • Migraine treatments (triptans)
    • Sedatives/hypnotics (benzodiazepines)
    • Non‑benzodiazepine sleep aids
    • Anxiolytics
    • Antidepressants (SSRIs)
  • Switzerland – The total valuation of pharmaceuticals exported from the Dominican Republic to Switzerland in 2024 – 954 million US dollars
  • Top 5 variants of pharmaceuticals exported
    • Antiemetics
    • Laxatives
    • Antidiarrheal agents
    • Antispasmodics
    • Antihistamines (first generation)
  • India – The total valuation of pharmaceuticals exported from the Dominican Republic to India in 2024 – 827 million US dollars
  • Top 5 variants of pharmaceuticals exported
    • Biguanides
    • Sulfonylureas
    • DPP‑4 inhibitors
    • Hypoglycemics (insulin secretagogues)
    • Proton pump inhibitors
  • Netherlands – The total valuation of pharmaceuticals exported from the Dominican Republic to the Netherlands in 2024 – 765 million US dollars
  • Top 5 variants of pharmaceuticals exported
    • Vasodilators
    • Antihypertensives (other)
    • Antidiabetics (oral)
    • GLP‑1 agonists
    • SGLT2 inhibitors
  • China – The total valuation of pharmaceuticals exported from the Dominican Republic to China in 2024 – 589 million US dollars
  • Top 5 variants of pharmaceuticals exported
    • Lipid‑lowering agents (statins)
    • Beta‑blockers
    • Calcium channel blockers
    • ACE inhibitors
    • ARBs (Angiotensin II Receptor Blockers)
  • Canada – The total valuation of pharmaceuticals exported from the Dominican Republic to Canada in 2024 – 465 million US dollars
  • Top 5 variants of pharmaceuticals exported
    • Chemotherapy (cytotoxic) drugs
    • Targeted cancer therapies (tyrosine kinase inhibitors)
    • Immunosuppressants
    • Anticoagulants
    • Antiplatelet agents
  • Germany – The total valuation of pharmaceuticals exported from the Dominican Republic to Germany in 2024 – 392 million US dollars
  • Top 5 variants of pharmaceuticals exported
    • Contraceptive pills
    • Emergency contraceptives
    • Thyroid hormones
    • Corticosteroids (systemic)
    • Corticosteroid inhalers
  • Spain – The total valuation of pharmaceuticals exported from the Dominican Republic to Spain in 2024 – 287 million US dollars
  • Top 5 variants of pharmaceuticals exported
    • Vaccines
    • Monoclonal antibodies
    • Recombinant proteins
    • Insulin (human)
    • Insulin analogs
  • Belgium – The total valuation of pharmaceuticals exported from the Dominican Republic to Belgium in 2024 – 229 million US dollars
  • Top 5 variants of pharmaceuticals exported
    • Antivirals
    • Antifungals
    • Antiparasitics
    • Antimalarials
    • Antiretrovirals

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