The global pharmaceutical exports landscape remains dynamic as China leads with a substantial increase of 41.93% reaching 100.74 billion USD, maintaining its position as the highest exporter. Ireland and the United States follow closely, exhibiting consistent growth of 12.42% and 13.03% respectively. Belgium's exports marked a notable rise of 13.92%, while the Netherlands and Italy showed moderate increases. However, the United Kingdom registered a decline of 6.96%. Significant gains were seen in Slovenia (29.63%), South Korea (25.62%), and Russia (47.21%), reflecting diverse geographical expansions. The majority of the countries experienced positive growth, indicating a consolidated global pharmaceutical market.
Looking forward, attention should be given to emerging markets such as Slovenia and South Korea, which are rapidly increasing their export values. The stability of established markets like China, the United States, and Ireland also needs continuous evaluation as market dynamics and policies evolve. Additionally, monitoring the impacts of geopolitical developments and supply chain innovations will be crucial in forecasting future trends in global pharmaceutical exports.
Top countries in Pharmaceutical Industry Exports by Country
# | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 100,740 | 2023 | +34.62% | +41.93% | View data |
2 | 2 Ireland | 98,190 | 2023 | +10.85% | +12.42% | View data |
3 | 3 United States | 94,940 | 2023 | +11.87% | +13.03% | View data |
4 | 4 Belgium | 64,440 | 2023 | +0.51% | +13.92% | View data |
5 | 5 Netherlands | 42,610 | 2023 | +7.06% | +8.45% | View data |
6 | 6 Italy | 41,210 | 2023 | +3.76% | +7.07% | View data |
7 | 7 United Kingdom | 23,130 | 2023 | -6.21% | -6.96% | View data |
8 | 8 Slovenia | 13,250 | 2023 | +15.31% | +29.63% | View data |
9 | 9 Sweden | 12,110 | 2023 | +2.01% | +5.29% | View data |
10 | 10 South Korea | 11,660 | 2023 | +17.13% | +25.62% | View data |