India to Panama: Lactulose Export Trade Route
India has recorded 37 verified shipments of Lactulose exported to Panama, representing a combined trade value of $785.0K USD. This corridor is served by 6 active Indian exporters, with an average shipment value of $21.2K USD. The leading Indian exporter is PANACEA BIOTEC PHARMA LIMITED, which accounts for 98% of total export value with 14 shipments worth $767.4K USD. On the buying side, NUTRIMED PANAMA S.A., is the largest importer in Panama with $400.8K USD in purchases. The top 3 suppliers — PANACEA BIOTEC PHARMA LIMITED, PANACEA BIOTEC PHARMA LIMITED , TULSI MEDICAL & GENERAL STORES — together control 100% of total trade value on this route. All data sourced from Indian Customs (DGFT) shipping bill records. Values reported in FOB USD.
Route Intelligence Overview
The India to Panama Lactulose corridor is one of India's established pharmaceutical export routes, with 37 shipments documented worth a combined $785.0K USD. The route is dominated by PANACEA BIOTEC PHARMA LIMITED, which alone accounts for roughly 98% of all export value, reflecting the consolidated nature of India's lactulose manufacturing sector.
Across 6 active suppliers, the average shipment value stands at $21.2K USD — a figure that reflects both bulk commercial orders from large pharmaceutical companies and smaller specialty shipments. Sea freight dominates at 74% of all shipments, consistent with lactulose's non-urgent bulk-order profile.
Shipment activity peaks during January–March, with an average transit time of 19 days port-to-port. The route has recorded an annual growth rate of 16.1%, placing it at rank #14 among India's top lactulose export destinations globally.
On the import side, key buyers of Indian lactulose in Panama include NUTRIMED PANAMA S.A.,, NUTRIMED PANAMA S A, NUTRIMED PANAMA S.A. and 15 others. NUTRIMED PANAMA S.A., is the single largest importer with 7 shipments valued at $400.8K USD.
Route Characteristics
- Average transit19 days
- Peak seasonQ1
- Primary modeSea freight
- Top portSAHAR AIR CARGO ACC (INBOM4)
Market Position
- Global rank#14
- Annual growth+16.1%
- Demand growth+15.8%
- Regulatory ease77/100
Top 10 Indian Lactulose Exporters to Panama
Showing top 10 of 6 Indian suppliers exporting Lactulose to Panama, ranked by total trade value (USD)
| Rank | Supplier (Indian Exporter) | Shipments | Total Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | PANACEA BIOTEC PHARMA LIMITED Avg $54.8K per shipment | 14 | $767.4K | 97.8% |
| 2 | PANACEA BIOTEC PHARMA LIMITED Avg $17.1K per shipment | 1 | $17.1K | 2.2% |
| 3 | TULSI MEDICAL & GENERAL STORES Avg $20 per shipment | 16 | $324 | 0.0% |
| 4 | TULSI MEDICAL & GENERAL STORES Avg $37 per shipment | 2 | $74 | 0.0% |
| 5 | TULSI MEDICAL GENERAL STORES Avg $10 per shipment | 3 | $30 | 0.0% |
| 6 | AMAR PRODUCTS Avg $27 per shipment | 1 | $27 | 0.0% |
This table shows the top 10 of 6 Indian companies exporting lactulose to Panama, ranked by total trade value. The listed exporters are: PANACEA BIOTEC PHARMA LIMITED, PANACEA BIOTEC PHARMA LIMITED , TULSI MEDICAL & GENERAL STORES, TULSI MEDICAL & GENERAL STORES , TULSI MEDICAL GENERAL STORES, AMAR PRODUCTS. PANACEA BIOTEC PHARMA LIMITED is the dominant supplier with 14 shipments worth $767.4K USD, giving it a 98% market share. The top 3 suppliers together account for 100% of the total trade value on this route.
Top 10 Lactulose Importers in Panama
Showing top 10 of 18 known buyers in Panama receiving Lactulose shipments from India, ranked by import value
On the receiving end of this trade route, the leading importers of Indian lactulose in Panama include NUTRIMED PANAMA S.A.,, NUTRIMED PANAMA S A, NUTRIMED PANAMA S.A. , Consignee Master & Owner Of SPIRIT, CONSIGNEE MASTER & OWNER OF ATLANTI, among 18 total buyers. The largest importer is NUTRIMED PANAMA S.A.,, accounting for $400.8K USD across 7 shipments — representing 51% of all lactulose imports from India on this route.
| Rank | Importer / Buyer | Shipments | Import Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | NUTRIMED PANAMA S.A., | 7 | $400.8K | 51.1% |
| 2 | NUTRIMED PANAMA S A | 7 | $366.7K | 46.7% |
| 3 | NUTRIMED PANAMA S.A. | 1 | $17.1K | 2.2% |
| 4 | Consignee Master & Owner Of SPIRIT | 3 | $62 | 0.0% |
| 5 | CONSIGNEE MASTER & OWNER OF ATLANTI | 2 | $61 | 0.0% |
| 6 | CONSIGNEE MASTER & OWNER OF THE BLA | 2 | $56 | 0.0% |
| 7 | CONSIGNEE MASTER & OWNER OF MARLIN | 2 | $39 | 0.0% |
| 8 | Master & Owner Of SPIRIT OF SINGAPO | 1 | $37 | 0.0% |
| 9 | Master & Owner Of RED MARAUDER | 1 | $37 | 0.0% |
| 10 | CONSIGNEE MASTER & OWNER OF CAROUGE | 1 | $33 | 0.0% |
Showing top 10 of 18 Lactulose importers in Panama on this route.
Top 10 Lactulose Formulations Imported by Panama
Showing top 10 of 25 product formulations shipped on the India to Panama Lactulose route, ranked by trade value
Panama imports a wide range of lactulose formulations from India, spanning tablets, capsules, suspensions, and combination drugs. The top formulation — LACTULOSE SOLUTION USP 10G/15ML-LACTULOSE 10G AS LACTULOSE CONCENTRATE USP PALATABLE BASE Q.S.DETAIL AS PER DOCUMENT — accounts for $119.8K USD across 2 shipments. There are 25 distinct product descriptions in the dataset, reflecting the variety of dosage forms and strengths imported.
| Rank | Product Formulation | Shipments | Trade Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | LACTULOSE SOLUTION USP 10G/15ML-LACTULOSE 10G AS LACTULOSE CONCENTRATE USP PALATABLE BASE Q.S.DETAIL AS PER DOCUMENT | 2 | $119.8K | 15.3% |
| 2 | LACTULOSE SOLUTION USP 10G/15ML BATCH NO. 52624020 TO 52624024 MFG. DATE - 07/2024 EXP. DT - 06/2027 AS PER INV AND PL | 1 | $63.3K | 8.1% |
| 3 | LACTULOSE SOLUTION USP 10G/15ML BATCH NO. 52624001 TO 52624005 MFG. DATE - 06/2024 EXP. DT - 05/2027 AS PER INV AND PL | 1 | $62.1K | 7.9% |
| 4 | LACTULOSE SOLUTION USP 10G/15ML BATCH NO. 52624010 TO 52624015 MFG. DATE - 07/2024 EXP. DT - 06/2027 AS PER INV AND PL | 1 | $60.1K | 7.7% |
| 5 | LACTULOSE SLUTN USP10G/15ML BCHNO.52624006TO52624009MFG.DT-6/24 EXP.DT-5/27 BN.52624010MFG.DT-7/24 EX-6/27 AS PER INV&PL | 1 | $60.1K | 7.7% |
| 6 | LACTULOSE SOLUTION USP 10G/15ML B/N NO.52624027A,52624028 TO 52624032 MFG. DT 01/2025, 02/2025 EXP. DT 12/2027, 01/2028 | 1 | $59.8K | 7.6% |
| 7 | LACTULOSE SOLUTION USP 10G/15ML BATCH NO 52623025 TO 52623029 MFG DT 11/2023 EXP DT 10/2026 OTHER DTLS AS PER INVOICE | 1 | $57.5K | 7.3% |
| 8 | LACTULOSE SOLUTION USP 10G/15ML BATCH NO. 52624015 TO 52624019 MFG. DATE - 07/2024 EXP. DT - 06/2027 AS PER INV AND PL | 1 | $56.9K | 7.2% |
| 9 | LACTULOSE SOLUTION USP 10G/15ML BATCH NO 52623021 TO 52623024 MFG DT 11/2023 EXP DT 10/2026 OTHER DTLS AS PER INVOICE | 1 | $50.9K | 6.5% |
| 10 | LACTULOSE SOLUTION USP 10G/15ML BATCH NO 52623017 TO 52623020 MFG DT 10/2023 EXP DT 09/2026 OTHER DTLS AS INVOICE | 1 | $50.8K | 6.5% |
Showing top 10 of 25 Lactulose formulations imported by Panama on this route.
Shipping & Logistics Analysis
Freight mode split and port-of-origin breakdown
Freight Mode Distribution
Sea freight dominates at 74%, typical for bulk pharmaceutical shipments.
Top Ports of Origin
SAHAR AIR CARGO ACC (INBOM4) handles the highest volume with 13 shipments. Transit time averages 19 days by sea.
Market Dynamics
India's lactulose exports to Panama are driven primarily by a handful of large-scale manufacturers. PANACEA BIOTEC PHARMA LIMITED with 14 shipments leads the pack, a pattern common in generic pharmaceutical corridors where manufacturing scale creates significant cost advantages. The presence of 6 active exporters signals a competitive but concentrated market — buyers in Panama benefit from supplier diversity while the top tier handles the majority of volume.
The top 3 suppliers — PANACEA BIOTEC PHARMA LIMITED, PANACEA BIOTEC PHARMA LIMITED , TULSI MEDICAL & GENERAL STORES — together account for 100% of total trade value on this route. The average shipment value of $21.2K USD reflects a mix of bulk commercial orders and smaller specialty shipments.
Beyond the primary product category, shipments on this route include closely related formulations such as lactulose solution usp 10g/15ml batch no. 52624020 to 52624024 mfg. date - 07/2024 exp. dt - 06/2027 as per inv and pl and lactulose solution usp 10g/15ml batch no. 52624001 to 52624005 mfg. date - 06/2024 exp. dt - 05/2027 as per inv and pl, suggesting that buyers in Panama tend to consolidate orders across related product lines from the same Indian supplier.
On the buying side, NUTRIMED PANAMA S.A., is the largest importer with 7 shipments worth $400.8K USD — representing 51% of all lactulose imports from India on this route. A total of 18 buyers are active on this corridor.
Route Statistics
- Trade Volume
- $785.0K
- Avg. Shipment
- $21.2K
- Suppliers
- 6
- Buyers
- 18
- Transit (Sea)
- ~19 days
- Annual Growth
- +16.1%
Other Lactulose Routes
Unlock the Full India to Panama Lactulose Dataset
TransData Nexus provides verified shipment-level records, supplier contact details, HS code breakdowns, real-time pricing benchmarks, and regulatory compliance guides for 37 shipments on this route.
Frequently Asked Questions — India to Panama Lactulose Trade
Answers based on Indian Customs (DGFT) shipment records compiled by TransData Nexus
Q Which Indian companies export Lactulose to Panama?
The leading Indian exporters of Lactulose to Panama are PANACEA BIOTEC PHARMA LIMITED, PANACEA BIOTEC PHARMA LIMITED , TULSI MEDICAL & GENERAL STORES. PANACEA BIOTEC PHARMA LIMITED holds the largest market share at approximately 98% of total trade value on this route.
Q What is the total value of Lactulose exports from India to Panama?
India exports Lactulose to Panama worth approximately $785.0K USD across 37 recorded shipments. The average value per shipment is $21.2K USD.
Q Which ports does India use to ship Lactulose to Panama?
The most active port of origin is SAHAR AIR CARGO ACC (INBOM4) with 13 shipments. Indian exporters primarily use sea freight for this route, with 74% of shipments going by sea and 22% by air.
Q How long does shipping take from India to Panama for Lactulose?
The average transit time for Lactulose shipments from India to Panama is approximately 19 days. Sea freight typically takes longer, while air freight can reduce this significantly for urgent orders. Peak shipping activity is observed during January–March.
Q Is the India to Panama Lactulose trade route growing?
Yes — this trade corridor has seen an annual growth rate of approximately 16.1% with demand growth tracking at 15.8%. The route is ranked #14 among India's top Lactulose export destinations globally.
Q How many suppliers are active on the India to Panama Lactulose route?
There are currently 6 active Indian suppliers exporting Lactulose to Panama. The market is moderately concentrated with PANACEA BIOTEC PHARMA LIMITED accounting for 98% of total shipment value.
Q Who are the main importers of Lactulose from India in Panama?
The leading importers of Indian Lactulose in Panama include NUTRIMED PANAMA S.A.,, NUTRIMED PANAMA S A, NUTRIMED PANAMA S.A. , Consignee Master & Owner Of SPIRIT, CONSIGNEE MASTER & OWNER OF ATLANTI. NUTRIMED PANAMA S.A., is the largest buyer with 7 shipments worth $400.8K USD.
Official References & Regulatory Resources
- India Trade Statistics (DGFT)
- Invest India — Pharma Sector
- WCO HS Nomenclature
- Ministry of Commerce — Pharma Exports
- Pharmexcil
Data sourced from Indian Customs (DGFT) records. Verify regulatory and trade status with the agencies above.
Research Methodology & Data Transparency
Suresh Sormare
Verified AuthorPharmaceutical 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/sureshsormarePrimary 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.Route Identification: India to Panama export trade corridor identified from Indian Customs (DGFT) records for Lactulose.
- 2.Supplier/Buyer Matching: 6 Indian exporters and 18 importers in Panama matched using name normalization.
- 3.Value Aggregation: Total export value aggregated from 37 verified shipping bill records. Values are FOB in USD.
- 4.Market Share Analysis: Each supplier and buyer contribution calculated as a percentage of total route value. Statistical normalization applied to ensure accurate representation across varying shipment sizes.
Government-Sourced Data
Official DGFT customs records
Transparent Methodology
Calculations fully disclosed above
37 Verified Shipments
6 Indian exporters tracked
Expert-Reviewed
By pharmaceutical trade specialists