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Retail turnover value of traditional Chinese medicine (TCM) in larger commodity exchange markets in China from 2008 to 2023 (in billion yuan)

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Source

Release date

June 2025

Region

China

Survey time period

2008 to 2023

Special properties

only turnover data of retailers in commodity exchange markets with annual transaction value over 100 million yuan were collected and included

Supplementary notes

One yuan equals approximately 0.14 U.S. dollars and 0.12 euros (as of June 2025). 

Figures have been rounded for a better understanding.

The source does not provide a publication date. The release date stated here is the date of access.

Citation formats

TCM retail turnover in China 2008-2023

Published by A. Minhas, Jun 30, 2025

In 2023, the wholesale turnover value of traditional Chinese medicine (TCM) products in commodity exchange markets with an annual transaction value above 100 million yuan amounted to ** yuan, representing a growth of more than *** yuan from the previous year. Traditional Chinese medicine is an important component of the Chinese pharmaceutical industry, with many believing its efficacy in the country.

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