The global pharmaceutical market is in changing. The growth in developed markets has slowed down while emerging markets are growing. Industry experts predict the markets in India, China, Brazil, and Russia to grow fast. The Indian pharmaceutical sector shows some unique traits. Generic medicines constitute 70-80% of the market, the local players play a predominant role, and the price level is low. India is the largest supplier of generic medicines around the world. The Indian pharmaceutical sector supplies over 50% of the global vaccine. The pharmaceutical products export data shows that 40% of generic medicines in the US and 25% of medicines in the UK are supplied by Indian pharmaceutical companies.
According to pharmaceutical products import data:-
The pharmaceutical products import data shows the major bulk medicines imported from China are:-
According to pharmaceutical products export data:-
India’s top exporting countries for pharmaceutical medicines are:-
The pharmaceutical products export data shows India’s top exporters are:-
The pharmaceutical products are displayed systematically on our website to help importers and exporters easy to identify the product. HS Code List of Pharmaceutical Products is listed in chapter 30 of Harmonized System Codes. The code is used by importers to find the applicable GST rates.
The top 5 Pharmaceutical Products with their HS codes are mentioned below:-
To find the exact HSN code for pharma medicines with updated custom shipment details, just explore the list of HS Codes for Pharmaceutical Products under Chapter 30.
Export Import Data solutions is one of the best online import export websites in India that provides trade data services and trading business information. Currently, Export import data is the best import export data provider and market research companies in India.