China’s 18x Pharma Sales Opportunity Comes Backed With Export Aspirations — Panjiva
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China’s 18x Pharma Sales Opportunity Comes Backed With Export Aspirations

China 3047 Germany 267 Health Care 362 U.S. 5398

China’s economic growth has increased demand for pharmaceutical imports as budgets for healthcare expand. Imports have grown by 12% annually in the five years to September 30 to reach $16 billion, with the largest consignees including Zuellig, AstraZeneca and Bayer. U.S. imports are 18x larger on a per person basis. Supplies have been led by shipments from Germany, which have climbed 24% over the past five years, though the U.S. is catching up with a 27% surge in the past quarter on a year earlier. China is also building up its export industry, though these were just $3 billion in the pa...

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