Formation of export orientation in Russia’s pharmaceutical market

Abstract

The article examines the peculiarities of transforming export relations between Russia and near and far abroad countries in the field of pharmaceutical supplies. The growth of pharmaceutical industries is characterized as one of the most promising tools for export diversification relevant for improvement of international competitiveness. The research methodology includes structural, statistical, logical, system and other types of analysis, as well as synthesis of the obtained data. It is concluded that there is need to design a comprehensive approach to the development of export relations, including support from the government, and the investment incentives for the private sector in the industry.