The global pharmaceutical export industry in 2024 exhibits significant differences among countries. China leads with $17.71 million, showcasing a substantial growth of 41.93% in 2023. Ireland, the United States, and Belgium trail closely, while the Netherlands and Italy anchor mid-tier growth rates. Noteworthy is Russia's impressive 47.21% improvement, countering declines in the UK and minimal performances in smaller markets.
Looking forward, industry watchers should monitor emerging market potential, geopolitical impacts on trade, advancements in biopharma, and policy shifts affecting regulatory environments which may influence export dynamics.
Top countries in Pharmaceutical Industry Exports Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 17.71 | 2023 | +34.62% | +41.93% | View data |
| 2 | 2 Ireland | 17.27 | 2023 | +10.85% | +12.42% | View data |
| 3 | 3 United States | 16.69 | 2023 | +11.87% | +13.03% | View data |
| 4 | 4 Belgium | 11.33 | 2023 | +0.51% | +13.92% | View data |
| 5 | 5 Netherlands | 7.49 | 2023 | +7.06% | +8.45% | View data |
| 6 | 6 Italy | 7.25 | 2023 | +3.76% | +7.07% | View data |
| 7 | 7 United Kingdom | 4.07 | 2023 | -6.21% | -6.96% | View data |
| 8 | 8 Slovenia | 2.33 | 2023 | +15.31% | +29.63% | View data |
| 9 | 9 Sweden | 2.13 | 2023 | +2.01% | +5.29% | View data |
| 10 | 10 South Korea | 2.05 | 2023 | +17.13% | +25.62% | View data |
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