Sectorial Brochure Pharmaceutical Sector of Armenia/ BA - Page 3

1 EXPORT PHARMACEUTICAL SECTOR +28.2% 2013 AVERAGE ANNUAL EXPORT GROWTH BETWEEN 2013 AND 2017 x3 2017 GROWTH MEDICAMENTS FOR THERAPEUTIC, PROPHYLACTIC USE IN DOSAGE PHARMACEUTICAL SECTOR +76.7% 2017 COMPARED WITH 2016 +61.8% GROWTH RATE EXPORT GROWTH FROM 2016 TO 2017 £ Armenia exported about $22.8 million worth of pharmaceutical products in 2017 £ About 50% of Armenian pharmaceutical production was exported in 2017 £ Booming export of medicaments for therapeutic, prophylactic use in dosage £ Russia is the biggest consumer of Armenian pharmaceutical products, followed by Georgia and Uzbekistan. In 2017, 61.4% of all pharmaceutical products were exported to Russia ARMENIAN PHARMACEUTICAL INDUSTRY EXPORT DESTINATIONS IN 2017 61.4% Russia Georgia 15% 9.4% Uzbekistan Belarus 2.5% Moldova 2.3% Other countries 9.4% Source: Customs Service of RA 2