India to Panama: Verapamil Export Trade Route
India has recorded 7 verified shipments of Verapamil exported to Panama, representing a combined trade value of $133.8K USD. This corridor is served by 3 active Indian exporters, with an average shipment value of $19.1K USD. The leading Indian exporter is AUROCHEM PHARMACEUTICALS (INDIA) PRIVATELIMITED, which accounts for 68% of total export value with 4 shipments worth $91.0K USD. On the buying side, LMG BIO LIFESCIENCES, LLC .. is the largest importer in Panama with $114.4K USD in purchases. The top 3 suppliers — AUROCHEM PHARMACEUTICALS (INDIA) PRIVATELIMITED, AUROCHEM PHARMACEUTICALS (INDIA) PRIVATE LIMITED, GENEX PHARMA — 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 Verapamil corridor is one of India's established pharmaceutical export routes, with 7 shipments documented worth a combined $133.8K USD. The route is dominated by AUROCHEM PHARMACEUTICALS (INDIA) PRIVATELIMITED, which alone accounts for roughly 68% of all export value, reflecting the consolidated nature of India's verapamil manufacturing sector.
Across 3 active suppliers, the average shipment value stands at $19.1K USD — a figure that reflects both bulk commercial orders from large pharmaceutical companies and smaller specialty shipments. Sea freight dominates at 71% of all shipments, consistent with verapamil's non-urgent bulk-order profile.
Shipment activity peaks during April–June, with an average transit time of 24 days port-to-port. The route has recorded an annual growth rate of 17.3%, placing it at rank #20 among India's top verapamil export destinations globally.
On the import side, key buyers of Indian verapamil in Panama include LMG BIO LIFESCIENCES, LLC .., LANCO MEDICAL GROUP S,A,, LMG BIO LIFESCIENCES, LLC and 1 others. LMG BIO LIFESCIENCES, LLC .. is the single largest importer with 3 shipments valued at $114.4K USD.
Route Characteristics
- Average transit24 days
- Peak seasonQ2
- Primary modeSea freight
- Top portNHAVA SHEVA SEA (INNSA1)
Market Position
- Global rank#20
- Annual growth+17.3%
- Demand growth+15.0%
- Regulatory ease72/100
Top 10 Indian Verapamil Exporters to Panama
Showing top 10 of 3 Indian suppliers exporting Verapamil to Panama, ranked by total trade value (USD)
| Rank | Supplier (Indian Exporter) | Shipments | Total Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | AUROCHEM PHARMACEUTICALS (INDIA) PRIVATELIMITED Avg $22.7K per shipment | 4 | $91.0K | 68.0% |
| 2 | AUROCHEM PHARMACEUTICALS (INDIA) PRIVATE LIMITED Avg $42.2K per shipment | 1 | $42.2K | 31.5% |
| 3 | GENEX PHARMA Avg $328 per shipment | 2 | $657 | 0.5% |
This table shows the top 10 of 3 Indian companies exporting verapamil to Panama, ranked by total trade value. The listed exporters are: AUROCHEM PHARMACEUTICALS (INDIA) PRIVATELIMITED, AUROCHEM PHARMACEUTICALS (INDIA) PRIVATE LIMITED, GENEX PHARMA. AUROCHEM PHARMACEUTICALS (INDIA) PRIVATELIMITED is the dominant supplier with 4 shipments worth $91.0K USD, giving it a 68% market share.
Top 10 Verapamil Importers in Panama
Showing top 10 of 4 known buyers in Panama receiving Verapamil shipments from India, ranked by import value
On the receiving end of this trade route, the leading importers of Indian verapamil in Panama include LMG BIO LIFESCIENCES, LLC .., LANCO MEDICAL GROUP S,A,, LMG BIO LIFESCIENCES, LLC, TO THE ORDER OF. The largest importer is LMG BIO LIFESCIENCES, LLC .., accounting for $114.4K USD across 3 shipments — representing 86% of all verapamil imports from India on this route.
| Rank | Importer / Buyer | Shipments | Import Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | LMG BIO LIFESCIENCES, LLC .. | 3 | $114.4K | 85.5% |
| 2 | LANCO MEDICAL GROUP S,A, | 1 | $12.8K | 9.6% |
| 3 | LMG BIO LIFESCIENCES, LLC | 1 | $5.9K | 4.4% |
| 4 | TO THE ORDER OF | 2 | $657 | 0.5% |
Top 10 Verapamil Formulations Imported by Panama
Showing top 10 of 5 product formulations shipped on the India to Panama Verapamil route, ranked by trade value
Panama imports a wide range of verapamil formulations from India, spanning tablets, capsules, suspensions, and combination drugs. The top formulation — PHARMACEUTICAL PRODUCTS VEGAMIN (VERAPAMIL TABLETS BP 80MG) — accounts for $72.3K USD across 2 shipments. A total of 5 product variants have been identified in the shipment records.
| Rank | Product Formulation | Shipments | Trade Value (USD) | Market Share |
|---|---|---|---|---|
| 1 | PHARMACEUTICAL PRODUCTS VEGAMIN (VERAPAMIL TABLETS BP 80MG) | 2 | $72.3K | 54.0% |
| 2 | VEGAMIN (VERAPAMIL TABLETS BP 80 MG) | 2 | $54.9K | 41.1% |
| 3 | PHARMACEUTICAL PRODUCTS-VEGAMIN(Verapamil Tablets BP 80mg)Each film coated tablet contains:Verapamil Hydrochloride BP 8 | 1 | $5.9K | 4.4% |
| 4 | HARMLESS LIFE SAVING PHARMACEUTICAL MEDICINE:VERAPAMIL INJECTION BP 5MG/2ML (VPL) (10 AMPOULES PER BOX)NOS | 1 | $360 | 0.3% |
| 5 | HARMLESS LIFE SAVING PHARMACEUTICAL MEDICINE:Verapamil Injection IP 5mg/2ml(10 Ampoules Per Box) | 1 | $297 | 0.2% |
Shipping & Logistics Analysis
Freight mode split and port-of-origin breakdown
Freight Mode Distribution
Sea freight dominates at 71%, typical for bulk pharmaceutical shipments.
Top Ports of Origin
NHAVA SHEVA SEA (INNSA1) handles the highest volume with 4 shipments. Transit time averages 24 days by sea.
Market Dynamics
India's verapamil exports to Panama are driven primarily by a handful of large-scale manufacturers. AUROCHEM PHARMACEUTICALS (INDIA) PRIVATELIMITED with 4 shipments leads the pack, a pattern common in generic pharmaceutical corridors where manufacturing scale creates significant cost advantages. The presence of 3 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 — AUROCHEM PHARMACEUTICALS (INDIA) PRIVATELIMITED, AUROCHEM PHARMACEUTICALS (INDIA) PRIVATE LIMITED, GENEX PHARMA — together account for 100% of total trade value on this route. The average shipment value of $19.1K 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 vegamin (verapamil tablets bp 80 mg) and pharmaceutical products-vegamin(verapamil tablets bp 80mg)each film coated tablet contains:verapamil hydrochloride bp 8, suggesting that buyers in Panama tend to consolidate orders across related product lines from the same Indian supplier.
On the buying side, LMG BIO LIFESCIENCES, LLC .. is the largest importer with 3 shipments worth $114.4K USD — representing 86% of all verapamil imports from India on this route.
Route Statistics
- Trade Volume
- $133.8K
- Avg. Shipment
- $19.1K
- Suppliers
- 3
- Buyers
- 4
- Transit (Sea)
- ~24 days
- Annual Growth
- +17.3%
Other Verapamil Routes
Unlock the Full India to Panama Verapamil Dataset
TransData Nexus provides verified shipment-level records, supplier contact details, HS code breakdowns, real-time pricing benchmarks, and regulatory compliance guides for 7 shipments on this route.
Frequently Asked Questions — India to Panama Verapamil Trade
Answers based on Indian Customs (DGFT) shipment records compiled by TransData Nexus
Q Which Indian companies export Verapamil to Panama?
The leading Indian exporters of Verapamil to Panama are AUROCHEM PHARMACEUTICALS (INDIA) PRIVATELIMITED, AUROCHEM PHARMACEUTICALS (INDIA) PRIVATE LIMITED, GENEX PHARMA. AUROCHEM PHARMACEUTICALS (INDIA) PRIVATELIMITED holds the largest market share at approximately 68% of total trade value on this route.
Q What is the total value of Verapamil exports from India to Panama?
India exports Verapamil to Panama worth approximately $133.8K USD across 7 recorded shipments. The average value per shipment is $19.1K USD.
Q Which ports does India use to ship Verapamil to Panama?
The most active port of origin is NHAVA SHEVA SEA (INNSA1) with 4 shipments. Indian exporters primarily use sea freight for this route, with 71% of shipments going by sea and 19% by air.
Q How long does shipping take from India to Panama for Verapamil?
The average transit time for Verapamil shipments from India to Panama is approximately 24 days. Sea freight typically takes longer, while air freight can reduce this significantly for urgent orders. Peak shipping activity is observed during April–June.
Q Is the India to Panama Verapamil trade route growing?
Yes — this trade corridor has seen an annual growth rate of approximately 17.3% with demand growth tracking at 15.0%. The route is ranked #20 among India's top Verapamil export destinations globally.
Q How many suppliers are active on the India to Panama Verapamil route?
There are currently 3 active Indian suppliers exporting Verapamil to Panama. The market is moderately concentrated with AUROCHEM PHARMACEUTICALS (INDIA) PRIVATELIMITED accounting for 68% of total shipment value.
Q Who are the main importers of Verapamil from India in Panama?
The leading importers of Indian Verapamil in Panama include LMG BIO LIFESCIENCES, LLC .., LANCO MEDICAL GROUP S,A,, LMG BIO LIFESCIENCES, LLC, TO THE ORDER OF. LMG BIO LIFESCIENCES, LLC .. is the largest buyer with 3 shipments worth $114.4K 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 Verapamil.
- 2.Supplier/Buyer Matching: 3 Indian exporters and 4 importers in Panama matched using name normalization.
- 3.Value Aggregation: Total export value aggregated from 7 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
7 Verified Shipments
3 Indian exporters tracked
Expert-Reviewed
By pharmaceutical trade specialists