India to Venezuela Pharmaceutical Export (2026) — $123.4M, 233 Suppliers | TransData Nexus

India to Venezuela Pharmaceutical Export (2026) — $123.4M, 233 Suppliers | TransData Nexus | TransData Nexus

Top Pharmaceutical Formulations — India to Venezuela

#	Formulation	Value	Share
1	Pharmaceutical Products:diosmin Tablets6	$3.2M	2.6%
2	Acetaminofen Suspension 120mg/5ml. Batch No.	$3.0M	2.4%
3	Pharmaceutical Products:iron Dextron Injection	$2.9M	2.4%
4	Pharmaceutical Medicine for Human Consumption Green Card No.21168 Valid Upto 31…	$2.0M	1.6%
5	Pharmaceutical Products:betametason Dipr	$1.8M	1.5%
6	Pharmaceutical Product for Human Consump	$1.3M	1.0%
7	Bromexina 120ml/4mg/5ml. Batch No. & a	$731.2K	0.6%
8	Etanercept Solution Injection 50 MG :(8546 Vial)	$694.0K	0.6%
9	Etanercept Solution for Injection50mg/mlb No:ens1b24001 Mfg.dt:02/2024 Exp Dt 0…	$623.8K	0.5%
10	Bevacizumab Injection 400 Mg/16ml (5000 Vial)	$519.9K	0.4%
11	Harmless Medicines Trialivio Crema Topica 30gm (betamethasone Dipropionate with…	$462.0K	0.4%
12	Rituxirel 500 MG	$428.1K	0.3%
13	Tenofovir 300 MG and Emtricitabine 200 MG Batch No:bee52312c Mfg.dt.:10/2023 Ex…	$426.3K	0.3%
14	Diosmin and Hesperidin Tablets 450mg + 50mg Batch No.gt1696, Gt1707 Mfg:03/2024…	$425.3K	0.3%
15	Pharmaceutical Finished Formulation Name	$363.1K	0.3%

India exports 20+ pharmaceutical formulations to Venezuela with a combined trade value of $123.4M. Key products include Iron ($2.9M), Etanercept ($694K), Bevacizumab ($520K), Rituximab ($428K), Tenofovir ($426K). These are finished dosage forms — tablets, capsules, injectables, and combination drugs — shipped from Indian manufacturing facilities with FDA, WHO-GMP, and EU GMP certifications. Data from 9,116 verified Indian Customs (DGFT) shipment records.

Top Pharmaceutical Products — India to Venezuela Trade Routes

1Iron$2.9M 2Etanercept$694K 3Bevacizumab$520K 4Rituximab$428K

5Tenofovir

Top Indian Exporters to Venezuela

1Saga Lifesciences Limited

$15.7M

2S.d.pharmaceuticals

$12.5M

3Medwise Overseas Private Limited

$11.3M

4Zyrex Healthcare Private Limited

$5.2M

5Samson Laboratories Private Limited

Port Analysis — India to Venezuela Pharmaceutical Shipments

Indian Export Ports

AHEMDABAD ICD5.0%

NHAVA SHEVA SEA (INNSA1)10.9%

SAHAR AIR9.9%

DELHI AIR7.8%

CHAWAPAYAL ICD5.0%

Venezuela Import Ports

La Guaira26.8%

CARACAS29.2%

LA GUAIRA21.4%

Puerto Cabello7.1%

MANGOCHI1.7%

Trade Statistics

Total Value$123.4M

Shipments9,116

Indian Exporters233

Venezuela Buyers406

Avg Shipment$14K

Products6,839

Other Destinations

United States$8.8B United Kingdom$1.2B Canada$1.1B

Last updated: March 28, 2026

India–Venezuela Pharmaceutical Trade Corridor Analysis

Historical evolution, India's market position, and recent developments

1Trade Corridor Evolution

The pharmaceutical trade between India and Venezuela has experienced significant fluctuations over the past two decades. In 2013, India's pharmaceutical exports to Venezuela were valued at approximately $105.37 million. However, by 2024, this figure had declined to $110.98 million, indicating a modest recovery. The peak of this trade corridor was observed before Venezuela's economic challenges, with exports reaching up to $250 million. The decline can be attributed to Venezuela's economic instability, currency devaluation, and import restrictions. Despite these challenges, the trade corridor has shown resilience, with Indian pharmaceutical companies continuing to supply essential medicines to the Venezuelan market.

2India's Market Position

India holds a significant position in Venezuela's pharmaceutical import landscape. While exact market share percentages are not readily available, India's consistent export figures suggest a substantial presence. The strategic importance of this relationship is underscored by India's ability to provide a diverse range of pharmaceutical products, including generics and over-the-counter medications, which are crucial for Venezuela's healthcare system. This partnership not only supports Venezuela's medical needs but also offers Indian exporters access to a market with unmet pharmaceutical demands.

Recent Developments

Venezuela Regulatory Landscape for Indian Pharmaceutical Exports

Registration process, GMP requirements, import documentation

1Registration Process

Indian pharmaceutical companies seeking to export to Venezuela must navigate a comprehensive registration process to ensure compliance with Venezuelan regulations. The National Institute of Drug and Food Control (Instituto Nacional de Control de Alimentos y Medicamentos – INCANAM), under the Ministry of Popular Power for Health (Ministerio del Poder Popular para la Salud – MPPS), requires prior approval for pharmaceutical imports. The registration dossier must include a health certificate issued by the competent authority in the country of origin, legalized by a Venezuelan consulate, and a certificate stating that the product is freely sold and consumed in the country of origin. Additionally, the importer must provide the firm's trade register, a copy of the pharmacist’s degree, evidence of good standing with the Association of Pharmacists, power of attorney from the parent company to the agency, health certificate of free sale in the country of origin, qualitative formula, and analytical information on the product.

2GMP & Facility Requirements

Venezuela adheres to the World Health Organization's Good Manufacturing Practices (WHO-GMP) guidelines for pharmaceutical products. The Ministry of Health issued a Resolution adopting these guidelines, which regulate all aspects of quality control, including sanitation, hygiene, qualification, validation, and personnel training. Pharmaceutical manufacturing plants must be constructed and maintained to prevent contamination, enable proper sanitation, and facilitate efficient production flows. Cleanrooms and controlled environments are integral to this design, ensuring that products are manufactured under conditions that reduce risks associated with environmental factors.

3Import Documentation

Importing pharmaceutical products into Venezuela requires meticulous documentation to ensure compliance with regulatory standards. The importer must obtain an import license or authorization from INCANAM. This involves submitting a customs declaration to the National Integrated Service of Customs and Tax Administration (SENIAT), providing detailed information for fiscal, statistical, and regulatory processing of the import. The product registration dossier must cover the product’s composition, therapeutic purpose, manufacturing process, quality control, clinical evidence, labeling, and safety profile. Additionally, Good Manufacturing Practice (GMP) certificates issued by a recognized health authority in the country of origin are required.

EXPORT_TRENDS

TransData Nexus Research · Venezuela regulatory databasesMar 2026

FAQ — India to Venezuela Pharmaceutical Trade

What is the total value of India's pharmaceutical export to Venezuela?

India exported pharmaceuticals worth $123.4M to Venezuela across 9,116 verified shipments.

Who are the top Indian pharmaceutical exporters to Venezuela?

1. SAGA LIFESCIENCES LIMITED — $15.7M. 2. S.D.PHARMACEUTICALS — $12.5M. 3. MEDWISE OVERSEAS PRIVATE LIMITED — $11.3M. Total: 233 suppliers.

Which companies in Venezuela import pharmaceuticals from India?

1. TO — $7.8M. 2. CASA DE REPRESENTACIONES — $4.7M. 3. TO THE ORDER — $4.1M. 406 buyers total.

What pharmaceutical products does India export most to Venezuela?

1. Pharmaceutical Products:diosmin Tablets6 ($3.2M, 2.6%); 2. Acetaminofen Suspension 120mg/5ml. Batch No. ($3.0M, 2.4%); 3. Pharmaceutical Products:iron Dextron Injection ($2.9M, 2.4%); 4. Pharmaceutical Medicine for Human Consumption Green Card No.21168 Valid Upto 31… ($2.0M, 1.6%); 5. Pharmaceutical Products:betametason Dipr ($1.8M, 1.5%)

Which ports handle pharmaceutical shipments from India to Venezuela?

Export: AHEMDABAD ICD, NHAVA SHEVA SEA (INNSA1), SAHAR AIR, DELHI AIR, CHAWAPAYAL ICD. Import: La Guaira, CARACAS, LA GUAIRA, Puerto Cabello, MANGOCHI.

Why does Venezuela import pharmaceuticals from India?

India's cost-competitive generic drug manufacturing, WHO-GMP certified facilities, and broad product portfolio. This $123.4M corridor reflects quality compliance and pricing advantages.

What certifications do Indian pharmaceutical exporters need to supply Venezuela?

WHO-GMP certification, EU GMP approval (for EU markets), product dossier registration (CTD format), and ICH guideline compliance.

What is the average shipment value for India to Venezuela pharmaceutical trade?

$13.5K per consignment across 9,116 shipments.

How many Indian pharmaceutical companies export to Venezuela?

233 Indian companies. Largest: SAGA LIFESCIENCES LIMITED with $15.7M.

How can I find verified Indian pharmaceutical suppliers for Venezuela?

TransData Nexus covers 233 active exporters with shipment history and trade values at transdatanexus.com.

Research Methodology & Data Transparency

Suresh Sormare

Verified Author

Pharmaceutical Export-Import Analyst & Trade Intelligence Expert

Suresh Sormare is a pharmaceutical export-import analyst with deep expertise in Indian Customs (DGFT) data, HS code classification, and global pharmaceutical supply chains. His analysis covers 10M+ shipment records across 150+ countries and is used by manufacturers, procurement agencies, and trade consultants worldwide. Suresh specializes in identifying verified suppliers and buyers from customs records, mapping bilateral pharmaceutical trade corridors, analyzing tariff structures and regulatory frameworks across 170+ destination markets, and benchmarking competitive positioning for finished pharmaceutical formulations. His methodology combines granular customs transaction data with regulatory intelligence from FDA, EMA, WHO, CDSCO, and 40+ national drug authorities to deliver actionable trade insights for the pharmaceutical formulations sector.

linkedin.com/in/sureshsormare

Primary Data Source

All trade data is sourced from Indian Customs (DGFT) official shipping bill records — the authoritative government database for India's pharmaceutical trade. Each verified record contains exporter name, consignee (buyer) name, detailed product description, quantity, declared FOB value (USD), port of loading, destination country, and shipment date.

Analysis Methodology

1.Data Source: Indian Customs (DGFT) export shipping bill records covering all pharmaceutical shipments from India.
2.Country Matching: Shipments to Venezuela identified using destination country codes from customs declarations.
3.Statistical Normalization: Values are statistically normalized to remove outlier transactions and ensure accurate market share representation.
4.Coverage: 9,116 verified shipments from 233 Indian exporters to 406 Venezuela buyers.

Government-Sourced Data

Official DGFT customs records

Transparent Methodology

Calculations fully disclosed above

233 Exporters

406 buyers tracked

Expert-Reviewed

By pharmaceutical trade specialists

India to Venezuela Pharmaceutical Export

Top Pharmaceutical Formulations — India to Venezuela

Top Pharmaceutical Products — India to Venezuela Trade Routes

Top Indian Exporters to Venezuela

Port Analysis — India to Venezuela Pharmaceutical Shipments

Indian Export Ports

Venezuela Import Ports

Trade Statistics

Other Destinations

India–Venezuela Pharmaceutical Trade Corridor Analysis

1Trade Corridor Evolution

2India's Market Position

Recent Developments

Top Venezuela Buyers from India

Product Routes

Full Dataset Access

Venezuela Regulatory Landscape for Indian Pharmaceutical Exports

1Registration Process

2GMP & Facility Requirements

3Import Documentation

Product Categories & Therapeutic Trends — India to Venezuela

1Dominant Categories

2Emerging Opportunities

3Demand Drivers

Trade Policy & Tariff Intelligence — India and Venezuela

1Tariff & Duty Structure

2Trade Agreements

3IP & Patent Landscape

Supply Chain & Logistics — India to Venezuela Pharma Shipments

1Shipping Routes & Transit

2Port Infrastructure

3Cold Chain & Compliance

Market Opportunity Assessment — Venezuela for Indian Pharma

1Market Size & Growth

2Healthcare System

3Opportunity for Indian Exporters