Often hailed as the 'Pharmacy of the World,' India supplies pharmaceuticals across the world. Indian pharma goods are known for their affordability, effectiveness, and reliability.
If we glance at the medicine shipping trends from India, we see that India has a 20% share in the global supply of generic medicines by volume and contributes to 60% of global vaccine production. In 2024, India’s pharmaceutical exports reached $27.8 billion , with generics and vaccines leading the charge, which means international delivery of Indian medicines is a lucrative business.
Indian businesses send medicines to New Zealand as well as send medicines to Germany. But what are the top destinations?
But where are these medicine courier from India going, and why are they in such high demand? In this blog we explore the top destinations for India’s pharmaceutical exports by looking at the popular countries for Indian medicine couriers and scratch the surface to know the reasons behind their prominence, using statistics and insights.
The United States of America, or the USA, has been the top destination for Indian pharmaceutical goods for years. The country receives 31% of India's total exports, valued at $8.73 billion in FY24.
What's more important, Indian generics meet 40% of the U.S. demand for generic drugs, saving the healthcare system $219 billion in 2022 alone. Interestingly, India also has the highest number of U.S. FDA-approved manufacturing facilities outside the U.S., with 741 sites as of 2021.
Why the U.S.?
After the US comes the United Kingdom at number two. India exported $784.32 million worth of Indian pharmaceuticals in FY24. The number is significant as it comprises 2.82% of India’s total pharma exports. How much is the UK reliant on India for medicine supplies? The answer lies in the fact that India supplies 25% of the U.K.’s generic medicines.
South Africa is a crucial destination on the African continent. The rainbow nation received $718.54 million in pharmaceuticals from India in FY24, comprising 2.58% of total exports. India supplies nearly 20% of Africa’s pharmaceutical requirements.
Russia imported $597.8 million worth of Indian pharmaceuticals in FY21–22. The exports are growing at a CAGR of 7.2% over three years. In 2023, India's pharma producers achieved a significant feat by toppling Germany and becoming Russia’s top pharmaceutical supplier.
Apart from South Africa, Nigeria is a key importer of Indian medicines in Africa. Nigeria imported $588.6 million in pharmaceuticals from India in FY21–22.
India exports medicines across the world. The USA, UK, South Africa, Russia, and Nigeria grab the top five positions. These countries trust Indian manufacturers to serve their medicinal requirements.
Indian companies are now widening their net and are targeting other markets as well. In times to come, India will have a larger say in global medicine exports. If you too are looking to send medicines to any of the above countries or to other countries, connect with Atlantic International Express today.
We have global reach and an efficient process to ship medicines abroad at affordable rates.
The USA, UK, South Africa, Russia, and Nigeria are the top 5 importers.
Indian pharmaceutical products are reliable, effective, and, most importantly, extremely affordable.
Yes, the USA government prohibits the import of certain products that it categorizes as harmful. You can contact our customer support executives to know in detail about these products.
Atlantic International Express is a leading courier company offering specialized medicine courier services. You can trust us to ship medicines to the USA.
Yes, there is a list of documents that is needed to send medicines abroad. We provide complete assistance to complete your paperwork while shipping medicines abroad.