China: TCM retail turnover value

In 2020, the wholesale turnover value of traditional Chinese medicine (TCM) products in commodity exchange markets with an annual transaction value above 100 million yuan amounted to almost 9 billion yuan, the highest value over the last decade. Traditional Chinese medicine is an important component of the Chinese pharmaceutical industry, with many believing its efficacy in the country.

Retail turnover value of traditional Chinese medicine (TCM) in larger commodity exchange marketst in China from 2008 to 2020 (in billion yuan)

Characteristic	Turnover value in billion yuan
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Release date

September 2022

More information

Region

China

Survey time period

2008 to 2020

Special properties

only turnover data of retailers in commodity exchange markets with annual transaction value over 100 million yuan were collected and included

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars and 0.14 euros (as of September 2022).

Figures have been rounded for a better understanding.

The source does not provide a publication date. The release date stated here is the date of access.

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