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Higher TCM Exports Put Pressure On Domestic Manufacturers

Data shows that China’s imports and exports of Traditional Chinese Medicines (TCMs) in the first quarter of 2014 reached $1.1 billion, resulting in an increase of nearly 15%.

Data shows that China’s imports and exports of Traditional Chinese Medicines (TCMs) in the first quarter of 2014 reached $1.1 billion, resulting in an increase of nearly 15%. Both imports and exports of most TCM merchandise have shown increases. Among these, the export of the most popular products, such as stevia extract, bilberry extract, and licorice extract, has continued to increase significantly. Additionally, TCM prices in the domestic market have climbed since last April. Export prices have subsequently also seen a sharp rise. The increase in TCM’s prices has exerted a lot of pressure on domestic drug manufacturers, which are facing more challenges as a result of higher costs. (Click Here For More - Chinese Language

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