Major source of pharmaceutical products Philippines 2023, by import value

India was the leading source of pharmaceutical products imported by the Philippines in 2023, amounting to approximately 385 million U.S. dollars. The United States followed this, with a total import value of about 327 million U.S. dollars. 

Major pharmaceutical products imported by the Philippines 

International trade has been vital to sustaining the growth of the Philippines’ pharmaceutical market. Pharmaceutical products from major importing countries are essential for local laboratories producing drugs. Out of all the pharmaceutical products imported into the Philippines, medicament of mixed or unmixed products for therapeutic or prophylactic uses comprised the largest share of the pharmaceutical product import value.

Impact of medicament imports in the Philippines

Pharmaceutical laboratories in the Philippines rely mainly on imports of medicament to produce commercial drugs. Pain treatments were the most widely consumed nationwide of the commercial drugs produced locally. As a result, the growing consumption of painkillers has brought increasing revenue to the analgesics market over the last years.