Perspectives for the Pharmaceutical Sector

In El Salvador, companies in the pharmaceutical industry plan to achieve 5% growth in exports of their products this year.

Wednesday, August 22, 2018

A rebound in sales to Honduras and the opening of new markets is what is behind the projection of growth that the Association of Chemical-Pharmaceutical Manufacturers of El Salvador (INQUIFAR) has for this year.

See also "Central America: Pharmaceutical products in I quarter 2018"

The president of INQUIFAR, Carmen Estela Pérez, explained to that "... Last year Honduras had a political problem that caused the economy to fall. In addition to that, the country changed its health authority. Before it was the Ministry of Health (of Honduras) that kept registrations, but in that country they formed a sanitary regulatory authority. In that transition period, we had problems with sanitary registrations."

"... Pérez predicts that by 2018 the sector will recover what was lost in Honduras last year and a little more. 'I believe that 5% growth will be healthy enough. Our exports speak well of us. Every time we have more and better presence in our destination countries. We are exploring other countries and we have complied with the standards of good manufacturing practices, which elevates us to other standards on an international scale. We believe that this industry can contribute even more'."

Do you need more information about your business sector?

Request more information:

this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423

More on this topic

Pharmaceutical Industry with Good Numbers

July 2020

In this context of crisis, El Salvador's pharmaceutical sector is one of the few that managed to increase its exports in the first half of the year, and in some cases production plants have had to work double shifts to meet demand.

The manufacture of pharmaceuticals, medicinal chemicals and pharmaceutical botanicals was one of the few sectors that, from January to June 2020, registered a positive variation in the amount of its sales abroad, according to official data from the Central Reserve Bank.

Rejection of Chinese Medicines

January 2019

Arguing a possible dumping problem, the pharmaceuticals guild in El Salvador opposes a medicine purchase that the Social Security Institute plans to make from a company in China.

The Association of Chemical-Pharmaceutical Industries of El Salvador (Inquifar) reported that the Salvadoran Institute of Social Security (ISSS) seeks to buy medicines and supplies from a company in China, because they expect that the quality of medicine would be put at risk.

El Salvador: Pharmaceutical Exports Booming

May 2016

Next year the sector expects to exceed the 12% growth in sales abroad seen between 2014 and 2015, by going to new markets in Africa and South America.

On top of the 12% growth in the export of medicines and other pharmaceutical products there was also greater participation in government procurements, which according to the Chemical Pharmaceutical Industry Association of El Salvador (Inquifar), "...

El Salvador: Over Pricing of Medicines

April 2014

The pharmaceutical industry claims that the Ministry of Health paid 160% more for drugs purchased from foreign suppliers and that there is no transparency in tenders.

The Association of Chemical-Pharmaceutical Industrialists in El Salvador, INQUIFAR, reports that since 2011 the Ministry of Health has shifted away from the domestic industry in the purchase of medicines for the public hospital network, making direct contracts and demanding manufacturing rules that are specific to other countries and not those in force in the country.

 close (x)

Receive more news about Exports & imports

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Looking for Importers and distributors of furniture

Mexican manufacturer of office furniture seeks importers and distributors interested in dealing their products in Central America.
PM Steele is a 100% Mexican company, with more than 67...

Stock Indexes

(Apr 6)
Dow Jones
S&P 500


(Mar 4)
Brent Crude Oil
Coffee "C"