The study of the current state and trends of development of the foreign economic activity of domestic pharmaceutical companies

N. V. Zakharko; R. V. Sahaidak-Nikitiuk; N. V. Demchenko

doi:10.24959/sphhcj.19.159

Authors

N. V. Zakharko National university of pharmacy, Ukraine
R. V. Sahaidak-Nikitiuk National university of pharmacy, Ukraine https://orcid.org/0000-0002-9337-7741
N. V. Demchenko National university of pharmacy, Ukraine https://orcid.org/0000-0001-5915-0087

DOI:

https://doi.org/10.24959/sphhcj.19.159

Keywords:

foreign economic activity, pharmaceuticals, pharmaceutical enterprise, export, import

Abstract

Aim. To study the current state and trends of the foreign economic activity of pharmaceutical enterprises.
Materials and methods. The methods of analysis, synthesis and generalization of mathematical statistics
were used in the article. As materials statistical data on the foreign economic activity of pharmaceutical enterprises were applied.
Results. It has been determined that the foreign economic activity is implemented by a pharmaceutical enterprise in the form of export of finished medicines, import of active pharmaceutical ingredients, basic and auxiliary materials, equipment, as well as providing services. Export-import operations of domestic pharmaceutical enterprises analyzed indicate an increase in imports of active pharmaceutical ingredients, basic and auxiliary materials, etc., and a decrease in export operations. The main suppliers of active pharmaceutical ingredients, basic and auxiliary materials, which include Germany, Russia, Italy, China, Belarus, Georgia, Poland, Switzerland and Spain, have been identified. The countries, in which medicines are exported by domestic pharmaceutical enterprises, are given. The dynamics of balance of foreign trade operations of domestic pharmaceutical enterprises has been studied. There is a tendency to increase the share of export products in sales revenue and gross profit of the pharmaceutical enterprises studied. The trade balance
of the enterprises studied is characterized by the excess of imports over exports due to the import of API, basic and auxiliary materials. The average growth rate of the general trade balance is 0.38. The SWOT-analysis
has been conducted, and the strengths and weaknesses of the foreign trade activities of domestic pharmaceutical
companies have been identified.
Conclusions. Today, the activities of domestic pharmaceutical enterprises are import-dependent, and
it determines the urgency of increasing their export potential, reducing the risks of the foreign economic
activity and establishing foreign economic relations.

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