The pharmaceutical industry in Bangladesh provides 97% of the country's medicinal needs and is one of its most developed technology sectors. Bangladeshi pharmaceutical exports are increasing, reaching over $1 billion by 2018, with the top companies being Square, Incepta, Beximco, Renata, and Opsonin. While the industry was previously dominated by multinationals, there are now 144 local pharmaceutical members. The industry plays an important role in Bangladesh's economy by meeting domestic demand and creating a trade surplus through increasing exports.