Major source of pharmaceutical products Philippines 2022, by import value

The United States was the major source country of pharmaceutical products imported by the Philippines in 2022 in terms of value. The value of products imported to the Philippines from the United States amounted to over 545 million U.S. dollars. China followed this, with a total import value of about 317 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, medicaments of mixed or unmixed products for therapeutic or prophylactic uses made up the largest share of the pharmaceutical product import value.

Impact of medicaments imports in the Philippines

Pharmaceutical laboratories in the Philippines rely mainly on imports of medicaments 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 for analgesics over the last years.