Hydroxychloroquine Exports from India after US Request to fight COVID 19 - Top Indian Exporters

07 April 2020
India Export Data of Hydroxychloroquine

India, the world’s largest producer of Hydroxychloroquine (HCQ), exported USD 14455116.87 worth of drug during Jan-Dec 2019, Export Genius market research report reveals. As the world is combating against the deadly Coronavirus pandemic, the Indian government banned the exports of this crucial drug last month due to rising demand of HCQ in Indian market as the country is also affected by the virus. However, after U.S. President Donald Trump request of retaliation; the government of India decided to export HCQ to countries that are highly affected by the virus. Let’s get an overall picture of India exports Hydroxychloroquine.


What is Hydroxychloroquine?


Hydroxychloroquine is very similar to Chloroquine, one of the oldest and best-known anti-malarial drugs. It can also treat auto-immune diseases like rheumatoid arthritis and lupus has also attracted attention over the past few decades as a potential antiviral over the past few decades as a potential antiviral agent. According to media reports, the US Food and Drug Administration (FDA) had approved the drug for treating coronavirus.


Why Demand of Hydroxychloroquine is Rising in India?


Hydroxychloroquine & Chloroquine phosphate are in the same class of drugs. Chloroquine is an anti-malarial drug used to prevent & treat malaria, while HCQ is used to treat auto-immune disorders like lupus, rheumatoid arthritis & as third-type diabetes. According to some researchers, HCQ, along with a combination of a common antibiotic azithromycin, has a potential treatment for Covid-19. Therefore, India has recommended the use of HCQ to combat the virus.


India Will Supply Hydroxychloroquine Drug to Badly Affected Nations from Covid-19 – Latest Developments


           ·       India will supply drugs tested as coronavirus cure to nations that are badly affected.

           ·       India will export Hydroxychloroquine after meeting domestic requirements and existing orders.

           ·       Earlier U.S. President said “there may be retaliation” if India doesn’t agree to export HCQ.

           ·       India on 25th March 2020 banned export of HCQ due to soaring domestic demand.

     ·       SAARC nations among 30 countries asked India to lift the ban on the export of HCQ.   


India’s Exports of Hydroxychloroquine in 2019


According to India export statistics of Hydroxychloroquine, the exports of HCQ from India valued USD 14455116.87 during Jan-Dec 2019. The country shipped HCQ mostly to the United States in the said period. As India and other countries are affected by the coronavirus, so the demand of this drug is on the rise globally.


As per DGFT notification dated 04th April 2020, India banned exports of Hydroxychloroquine. This ban has revoked on 07th April 2020 after the United States request to fight against the Covid-19.


State & District Wise Analysis of India Exports Hydroxychloroquine in 2019


As per India customs data, the highest shipments of Hydroxychloroquine worth USD 8149726 were departed from Gujarat state to the world in 2019. This state shared 56% value to total HCQ exports from India. And in Gujarat, Ahmedabad recorded the highest value of shipments totalled USD 7782670 and shared 53% value to total exports.  


Exporter State

2019 Percentage Share

Exporter District

2019 Percentage Share

Gujarat

56.39%

Ahmedabad

53.92%

Maharashtra

43.09%

Mumbai

43.14%

Goa

0.28%

Vadodara

2.53%

Karnataka

0.13%

North Goa

0.28%

Madhya Pradesh

0.11%

Bangalore

0.13%

 


Top 5 Indian Exporters of Hydroxychloroquine


Among top 5 Indian exporters of Hydroxychloroquine, Cadila Healthcare Limited shipped HCQ the most to the world, which shared 53% of value to total exports in 2019. Have a look at percentage share of other HCQ export companies in India.


 

Indian Exporters

Percentage

Cadila Healthcare Limited  

53.84%

Ipca Laboratories Limited  

26.58%

Watson Pharma Private Limited  

16.39%

Sun Pharmaceutical Industries Limited  

2.53%

Wallace Pharmaceuticals Private Limited  

0.28%

Micro Labs Limited  

0.13%

Alice Pharma Private Limited  

0.11%

Genex Pharma  

0.10%

Angel Biogenics Private Limited  

0.01%

 

List of Other Exporters of Hydroxychloroquine


                ·       Pleasant exports india limited liability partnership

                ·       Doshi medicare private limited

                ·       Vea impex

                ·       Derric wood

          ·       Fortune health care   


Largest Indian Ports of Hydroxychloroquine Exports


The highest value of HCQ shipments valued USD 4897134.27 departed from India recorded from Nhava Sheva Sea port, which shared 33% value to total exports. Here is the list of top ports from where shipments of Hydroxychloroquine were departed in 2019.


              ·       Nhava Sheva Sea: 33.88%

              ·       Delhi Air: 26.25%

              ·       Sahar Air Cargo: 24.59%

              ·       Mundra Sea: 13.94%

              ·       Ahmedabad Air: 0.77%


Top 10 Destination Countries of India’s Hydroxychloroquine


Top 10 India export partners of Hydroxychloroquine are United States (59.96%), Canada (9.11%), United Kingdom (6.73%), Vietnam (6.05%), Australia (3.40%), Netherlands (3.11%), Thailand (3.02%), Germany (2.68%), Algeria (1.79%) and Sri Lanka (1.54%).


Main Overseas Buyers of Hydroxychloroquine from India


Also, check the list of major overseas importers Hydroxychloroquine who purchased from India in 2019.


               1.     Eversana Life Science Services: 24.76%

               2.     Actavis Laboratories Fl Inc: 16.39%

               3.     Dohmen Life Science Services Llc: 15.55%

               4.     Mint Pharmaceuticals Inc: 9.11%

               5.     Bristol Laboratories Limited: 6.73%


We are the best provider of market research reports and statistics on import and export activities around the world. Get global trade data with accurate shipment details on any product, country or company. See sample of India exports Hydroxychloroquine below to know which columns are covered in data.


India Exports Hydroxychloroquine (Sample)


HS Code

30049059

HS Code Description

Other Antimalarial Drugs - Medicaments(Excluding Goods Of

Product Description

Pharmaceutical Products-Hyquin 200 Mg T Ablets (Hydroxychloroquine Tablets Bp 20 0 Mg) (Tax Inv.Zp/3343 Dt.10.12.2019)

Quantity

2127

Unit

PAC

Total Value USD

6973.12

Destination Country

Sri Lanka

Mode of Transport

Sea

Port of Loading

Nhava Sheva Sea

 

***Other hidden columns like Date, Indian Exporter Name, Foreign Importer Name and many more are also covered in data.


In this frightening situation when the world is fighting against the deadly Coronavirus, India has lift ban on exports of Hydroxychloroquine to countries which are badly affected by Covid-19. Till now, millions of people around the world have been infected by the virus and thousands have died.   

Is this article helpful. Share with others!   

Add Comments


 
To Get Quick Response
Request a Demo close modal