The Pharmaceutical Trade in the Dominican Republic

A 7% increase has been reported in local sales of pharmaceutical products over the last year, while exports continue to show the same upward trend as in recent years.

Monday, March 26, 2018

n dir="ltr">Without providing more details on the figures of the pharmaceutical products market, the Central Bank recorded growth in sales in the sector of 6% and 7% for the years 2015 and 2017, respectively. 

See also "
Pharmaceutical Market: Trade between Mexico and Central America"

In relation to foreign trade, official figures report that between 2010 and 2016 imports of medicinal and pharmaceutical products increased from $397 million to $602 million. And in the case of exports, for the years in question there was an increase from $52 million to $153 million.

Regarding growth of the sector, Fernando Espinal, member of the board of directors of the Dominican Pharmaceutical Industries (Infadomi), explained to that " ... the local market is 'very stable' and that from the point of view of sales they have grown."

Espinal added that " ...What happens is that the pharmaceutical industry has a particularity, when compared with any other sector, it is very stable. There are no large spikes in growth, but there are no large spikes in degrowth either.  It has maintained its tendency".

See foreign trade statistics for the Dominican Republic (in Spanish).

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

El Salvador: Exports Still Slowing Down

January 2020

Foreign sales by Salvadoran companies slowed for the second consecutive year, as between 2017 and 2018 the year-on-year growth rate fell from 6% to 3%, and by 2019 a rise of just 0.7% was recorded.

Exports from El Salvador at the end of 2019 reached US$5,943.3 million with a year-on-year growth of 0.7% and 4.7% in terms of volume compared to 2018, informed the Central Reserve Bank.

Pharmaceutical Industry: Optimism in Costa Rica

June 2019

Businessmen in the sector expect that this year's foreign sales of medicines will maintain the positive trend, consistent with the upward trend shown in the last four years.

Data from Procomer of Costa Rica, specify that in recent years’ exports of medicines have recorded positive year-on-year variations, with the highest reported between 2017 and 2018, when sales grew from $159 million to $184 million, equivalent to an increase of 16%.

The Pharmaceutical Industry in the Dominican Republic

November 2017

Slowness in the procedures for obtaining sanitary permits and technological deficiencies in laboratories are two of the elements that are reducing competitiveness of Dominican pharmaceutical companies.

Entrepreneurs in the pharmaceutical industry in the Dominican Republic are aware that there are several aspects that could be improved in order to achieve growth in the global pharmaceutical market. Lack of coordination and dialogue with the public sector is another point that the union of companies in the sector believes should improve.

The Market for Generic Drugs in Costa Rica

February 2014

Between 2009 and 2013 generic drugs lost ground to original brands, reversing a trend seen in the last five years.  

The generics market in the country has a value of $159 million and represents 36% of the drug market.

Although their prices are lower than original brand name drugs, in recent years purchases by the public sector have been declining, while in the private sector they are growing but timidly.

 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


(Oct 22)
Brent Crude Oil
Coffee "C"