News

Algeria’s pharma imports up 51%

13 de julho de 2016

Importation of drugs for human and veterinary use and other personal care items reached close to USD 950 million from January to May.

Algiers – Algeria’s pharmaceuticals imports reached USD 947.52 million from January to May, up 51% from January to May 2015, the Algerian Customs' National Centre of Data Processing and Statistics (CNIS) has reported. Imports exceeded 12,000 tons, a 28% increase.

Imports of drugs for human use stood at USD 890 million, up 50%, with import volume nearing 11,000 tons, up 26%.

Veterinary drug imports amounted to USD 17.5 million and 378 tons, up 46.5% and 11.3%. Imports of other personal care items reached USD 40.42 million and 923 tons, up 75% and 58%, respectively.

Brazil accounted for a minor share of Algeria’s overall medication imports. As per numbers from the Brazilian Ministry of Development, Industry and Foreign Trade compiled by the Arab Brazilian Chamber of Commerce, Brazilian pharma exports to Algeria fetched only USD 320,000, a 36% drop over 2015.

Amid a plan to streamline drug imports, the Algerian government banned importation of 368 pharmaceuticals for human use and medical materials which are manufactured domestically.

The country is in a drive to cut imports and increase local production in several industries, since the international oil price drop led to dwindling export revenues, which means there is less money to spend on foreign purchases. Additionally, Algeria needs to diversify its economy to reduce its dependence on the oil and gas industry.

*Translated by Gabriel Pomerancblum with information from the ANBA Newsroom