In the first half of the year, the export volume and price of traditional Chinese medicine rose

In the first half of this year, the import and export volume of China's pharmaceutical trade reached 43.237 billion US dollars, up 10.28% year on year In terms of the export of traditional Chinese medicine, it has a rapid growth momentum, with the export amount of US $1491 million, an increase of 22.49% year-on-year, showing a trend of volume and price rising The increase comes from the substantial increase in the export of extracts and traditional Chinese medicine In the first half of the year, the global economic growth momentum was insufficient, and the international market demand was not fundamentally improved, resulting in the decline of international pharmaceutical trade The pharmaceutical export market is divided into two levels, the developed market is in a continuous downturn, and the demand of emerging markets is strong In terms of the export of traditional Chinese medicine products, the first half of this year saw a significant increase in plant extracts and traditional Chinese medicine In the first half of the year, the export of traditional Chinese medicine rose rapidly, with the export amount reaching US $1491 million, up 22.49% year on year Among them, the domestic price of traditional Chinese medicine materials has been rising continuously in recent two years International customers, especially Japanese, Korean and ASEAN merchants reduced their purchase volume last year, which led to the decrease of inventory in the first half of this year, and then increased the purchase volume, while stimulating the further price rise In the first half of this year, the export price and volume of traditional Chinese medicine increased by 30.44% and 8.24% respectively compared with the same period last year It is expected that this favorable situation will continue in the second half of this year The export price of plant extracts was affected by the rising price of raw materials of traditional Chinese medicine In the first half of the year, the export price was 694 million US dollars, up 17.16% year on year At present, due to the weakening of the export of traditional Chinese patent medicines, the international market will increase the demand for plant extracts, and the demand for plant extracts in the United States, India, Germany and other international markets will continue to grow The mainstream pharmaceutical enterprises in the industry are generally optimistic about this situation and are entering or preparing to enter this field, which is expected to effectively promote the further growth of exports of traditional Chinese medicine products.