¡¡¡¡Statistics from CCCMHPIE showed that the export and import volume of China's medical industry totaled $89.7billion in 2013, a year-on-year rise of 10.27 percent. The chamber forecast a 10 percent increase this year. The export volume of China's medical sector amounted to $51.2billion in 2013, an increase of 6.9 percent year-on-year. While the import volume totally 38.5 billion, a growth of 15.2%.
¡¡¡¡A lot of changes have happened at the area of China's medical foreign trade. For example, the bulk API which performed excellent in the past few years has fallen into weakness. Meanwhile, innovator APIs and finished drugs’ export grew fast in 2013.
Chinese enterprises have accelerated product registration in developed markets. Last year, Chinese medical companies submitted 150 files to the US Food and Drug Administration. Meanwhile, similar applications to the European Directorate for Quality Medicines reached 172.
¡¡¡¡Some companies also established collaborative relationship with foreign biopharmaceutical enterprises. Such as Zhejiang based pharmaceutical company Huahai established a strategic partnership with American company Oncobiologics.