Imported API from China·India reaches 50%
By Kim, Jin-Gu | translator Hong, Ji Yeon
25.01.13 05:49:12
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In 2023, the total amount of API imports reached US$ 2.2 billion…China 35%·India 15%
API imports from India have increased by 6% in 5 years…China imports↓
It has been reported that half of the active ingredients (API) imported to South Korea are produced in China and India. The percentage of imported active ingredients originating from China·India surpassed 50% in two consecutive years.
The percentage of imported API from India has robustly increased recently. Indian API imports were below 10% in 2018, now expanded to 15.2% in five years. In contrast, the percentage of Chinese API imports slightly dropped from 36.7% to 35.0%.
According to the 'Annual report of food and drug statistics for 2024' by the Ministry of Food and Drug Safety (MFDS) on January 11, domestically imported API in 2023 totaled US$ 2.199 billion.
Among these
Kim, Jin-Gu(kjg@dailypharm.com)
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