Logo of Phnom Penh Post newspaper Phnom Penh Post - Medical imports decline

Medical imports decline

Medical imports decline

110802_8
People wait for prescriptions to be filled at a pharmacy in Phnom Penh yesterday. Photo by: Pha Lina

THE supply of pharmaceutical products has outstripped demand, causing a decrease in the value of drug imports during the first half of 2011, experts say.

An increase in the number of firms importing pharmaceutical products in 2010 led to this year’s drop, Medical Trust Company Sales Manager Kaing Koh Seng said.

“[In the first six months] we have seen the amount of imported drugs decrease slightly, as there are now more local competitors vying in the market,” he said.

Figures from Ministry of Commerce’s Camcontrol Department show the value of drugs imported fell to US$52.1 million during the first six months of 2011, from $58.3 million in the same period last year.

Cambodia imports medical products particularly from Vietnam, China and Thailand, but also countries such as South Korea and Bangladesh, said Phnom Penh-based Kaing Koh Seng.

The Kingdom’s small market size meant economies of scale are not as easily attained for imports as they are in other countries, which can make prices for pharmaceutical products more expensive than in its neighbours, he added.

MOST VIEWED

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • Cambodia nabs 12th place in best retirement destinations

    Cambodia is an expatriate hotspot for those dreaming of living a more luxurious lifestyle at an affordable cost, according to International Living’s Annual Global Retirement Index 2019. For the fourth year in a row, Cambodia took the top spot in the Cost of Living category.

  • EU starts EBA withdrawal

    The EU on Monday announced that it has begun the 18-month process of withdrawing the Kingdom’s access to its preferential Everything But Arms (EBA) agreement over “a deterioration of democracy [and] respect for human rights”. However, the Garment Manufacturers Association of Cambodia (GMAC) said

  • PM: War result of foreign meddling

    Prime Minister Hun Sen said on Sunday that Cambodia’s recent history of conflict was caused by foreign interference. “The wars that happened were caused by provocation, incitement, support, smearing and interference from foreign powers, and the group of ignorant people who pushed Cambodia to