India has solidified its position as the “Pharmacy of the World,” exporting high-quality, cost-effective pharmaceutical products to over 200 countries. In the fiscal year 2023–24, India pharma exports surged to USD 27.9 billion, a 9.67% increase from the previous year — even as overall exports declined by 3%. This growth reflects India’s expanding role in global healthcare.
If you are looking to start a pharma export business in India, this detailed guide explores pharmaceutical export trends, top pharma exporters in India, product categories, and growing market opportunities, especially in Ecuador, Paraguay, and Peru.
Key Highlights
India pharma export reached USD 27.9 billion in 2023-24, a 10% rise YoY.
Top destinations: USA, UK, Netherlands, South Africa, and Brazil.
Leading categories: Drug Formulations & Biologicals, Bulk Drugs, Ayush & Herbals, and Surgical & General Medications.
Top pharma exporters in India include Elkos Healthcare Pvt. Ltd., Dr. Reddy’s, Sun Pharma, Cipla, Aurobindo, and Lupin.
Despite a global trade slowdown, pharma exports continue strong due to robust demand from emerging markets.
Overview: Pharmaceutical Export from India
The Indian pharmaceutical industry is the backbone of India's healthcare system and a vital pillar of its economy. India supplies:
40% of the generic demand in the US
25% of UK’s pharmaceutical needs
Over 50% of Africa’s generic medicine requirements
With its wide export footprint, India's pharma exports consistently deliver monthly shipments worth USD 2–3 billion, proving its consistent global relevance.
Major Pharmaceutical Products Exported from India
India’s pharma product portfolio is vast, covering a wide range of therapeutic areas. Here are the key segments:
1. Drug Formulations & Biologicals
These account for over 75% of total exports, including:
Tablets, Capsules, Injections, Ointments
Biologics, Vaccines, Biosimilars
2. Bulk Drugs & Drug Intermediates
Bulk drugs are chemically active ingredients used to produce final medicines.
India is a top global supplier of APIs.
These exports support both branded and generic drug manufacturing globally.
3. Ayush & Herbals
India exported $1.24 billion worth of Ayush and herbal products.
Popular exports include:
Ashwagandha
Turmeric
Triphala
Tulsi
Ginger and Neem
4. Surgical and General Medications
India exported around 21,696 surgical shipments valued at USD 596 million.
Commonly exported products:
Surgical Instruments
Anti-inflammatory, Antispasmodic drugs
Diuretics, Anti-asthmatics, Urogenital medicines
Export of Pharmaceuticals from India: Key Global Markets
India exports pharmaceutical products to more than 200 countries. The top 10 regions for India pharma export are:
| Rank | Region |
|---|---|
| 1 | Middle East |
| 2 | Asia |
| 3 | CIS |
| 4 | North America |
| 5 | Africa |
| 6 | European Union |
| 7 | ASEAN |
| 8 | Latin America |
| 9 | Caribbean (LAC) |
| 10 | Other Europe |
New Growth Markets: Ecuador, Paraguay, and Peru
Ecuador Import Data
India’s pharmaceutical exports to Ecuador are rising due to Ecuador’s growing healthcare infrastructure and reliance on cost-effective generic drugs.
Ecuador import data indicates increasing procurement from Indian merchant exporters.
Paraguay Import Data
According to Paraguay import data, medicines for chronic and infectious diseases dominate import categories.
Indian exporters are gaining ground due to competitive pricing and quality.
Peru Import Data
Peru import data highlights an upward trend in imports from India, particularly for cardiac, diabetic, and respiratory medications.
Indian pharma firms are exploring strategic partnerships with Peruvian distributors.
These emerging markets are opening doors for pharmaceutical merchant exporters in India and pharma export companies looking to diversify.
Top Pharma Exporters in India
These companies are leading India's pharmaceutical export success:
Elkos Healthcare Pvt. Ltd.
Dr. Reddy’s Laboratories
Sun Pharmaceutical Industries
Aurobindo Pharma
Cipla Limited
Lupin Limited
Protech Telelinks
JoinHub Pharma
Integrated Laboratories
Fossil Remedies
Whether you're looking for bulk exporters or merchant exporters, India offers a wide network of certified and compliant partners.
Want to Start a Pharma Export Business from India?
Here are the essentials:
Register your business (with IEC code).
Get WHO-GMP or equivalent certifications.
Identify target export markets using tools like Ecuador import data, Paraguay import data, and Peru import data.
Connect with trusted pharma distributors/importers.
Use data intelligence tools like Eximpedia.app for real-time export-import data and buyer contacts.
How to Find Global Pharma Importers?
Platforms like Eximpedia.app provide:
Verified pharma importer lists
Updated pharma export shipment data
HS-code-wise statistics
Custom reports by country, product, and buyer
Stay ahead of the competition by using accurate, AI-powered trade intelligence to identify potential clients in Ecuador, Paraguay, Peru, and beyond.
Conclusion
India’s pharmaceutical exports are thriving, with new opportunities emerging in Latin American nations like Ecuador, Paraguay, and Peru. As a global supplier of affordable medicines, India continues to play a pivotal role in enhancing global healthcare.
Whether you're a new exporter or an established company, aligning with the right pharma export company in India, understanding market data, and focusing on niche opportunities will help you scale internationally.
Explore verified pharmaceutical buyers now at Eximpedia.app and take your pharma export business to the next level.