AYUSH products exports inch close to $250 million

The export of Ayurvedic products from the country has displayed a rising trajectory and according to a government estimate, it had shot up close to $250 million at the end of the last fiscal. The Ayurvedic products sales in the overseas markets take place under the Indian Trade Classification based on Harmonized System of Coding (ITCHS) through two HS codes-30039011 for medicants and 30049011 for medicaments.  As such individual Ayurvedic products are not given separate HS codes to track the top Ayurvedic drugs being exported.

Export of above two categories of Ayurvedic products under the two ITCHS codes during the financial year 2016-17 is estimated to be to the tune of USD 243 million as per information provided by the Directorate General of Commercial Intelligence & Statistics (DGCIS), Department of Commerce. Most of the Ayurvedic products are suitably modified for their intended use in the international market in accordance with the importing country’s classification and acceptance and are exported as nutraceuticals, health supplements and dietary supplements.

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