Uzbekistan. Export of pharmaceuticals
The key objective of development of the pharmaceutical industry is to support domestic production, creation of competitive domestic production in the medium-run along with facilitation of foreign investments, and exports of own products.
Domestic pharmaceutical sector is in the genesis of its development, existing manufacturing capacity of operating pharmaceutical companies is approximately USD 100 million, of which total exports of domestically produced medical drugs and substances totalled circa USD 3 million.
The currently exported medical drugs are produced in more than 15 forms distributed from 70 pharmacotherapeutical groups. The hard currency earnings of the companies of Uzfarmsanoat alone totaled USD 1.18 million.
Main export destination for Uzbek-made medical drugs is CIS and Baltic countries with annual 20% increase in the medium-run. With properly chosen development strategy, the products of Uzbek pharmaceutical sector will be scaling up exports to the emerging markets of CIS, Asia, and some products and substances – to Europe.
Domestic pharmaceutical sector is in the genesis of its development, existing manufacturing capacity of operating pharmaceutical companies is approximately USD 100 million, of which total exports of domestically produced medical drugs and substances totalled circa USD 3 million.
The currently exported medical drugs are produced in more than 15 forms distributed from 70 pharmacotherapeutical groups. The hard currency earnings of the companies of Uzfarmsanoat alone totaled USD 1.18 million.
Main export destination for Uzbek-made medical drugs is CIS and Baltic countries with annual 20% increase in the medium-run. With properly chosen development strategy, the products of Uzbek pharmaceutical sector will be scaling up exports to the emerging markets of CIS, Asia, and some products and substances – to Europe.
Table 1. List of Uzfarmsanoat SJSC companies, which have export business with CIS and Baltic countries (USD, ths.)
Figure 1. Geography of export of pharmaceuticals and health products produced by Uzfarmsanoat companies
Source: UNDP, Uzfarmsanoat
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