Aug. 10, 2012 (China Knowledge) - China
saw its total import and export of pharmaceutical products to reach US$23.6 billion in the first half of this year, reflecting an increase of 12.11% YoY, according to figures from China Custom.
The growth rate for the period was 19.08 percentage points lower than it realized in the same period of 2011.
From January to June, China's export of western medicine rose 6.55% from a year earlier to US$14 billion, while the import of western medicine grew over 20% YoY to US$9.61 billion.
In the first half of 2011, the country saw its export of western medicine rose 27.05% YoY, while the import value surged nearly 40% from a year earlier.
In H1 2012, the trade surplus of the western medicine reached US$ 4.39 billion, down 15.89% YoY.