🇻🇪 Country Profile

Venezuela

Pharmaceutical products reaching Venezuela

🇻🇪 $90.0M

All data from DGCIS India export records (fiscal year, April–March).

$90.0M

Scale

Venezuela's patients receive $90.0M in Indian pharmaceutical products annually — almost entirely finished medicines ready for dispensing.

93%

Medicine

Overwhelmingly finished medicines — drug formulations account for 93% of shipments.

Context

Part of India's pharmaceutical supply network across Americas.

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Impact

Indian pharmaceutical companies have both exported to and invested directly in Venezuela — building trade and operational presence.

All pharma categories from DGCIS (487-code basket)

Medicines $83.6M (92.6%) Medicine Ingredients $2.8M (3.1%) Vaccines $2.6M (2.8%) Surgical & Hospital Supplies $1.2M (1.4%) Traditional & Herbal $0.06M (0.1%)

Total RBI-approved ODI commitments by Indian pharmaceutical companies into Venezuela: $12.7M across 31 filings (2011-2017).