The pharmaceutical exports are growing steadily every year with a growth rate of +6% every year according to Global Import Export data.
We have identified top five exporting countries that dominate the global pharmaceutical market due to its high-quality productions, advanced technology and skilled workforce.
Which Countries Are Top Exporters Of Pharmaceutical Products?
1) United States - $360 billion total pharma exports in 2023 The United States remains the largest exporter of pharmaceuticals in 2023. This is primarily due to its advanced technology and research capabilities, high-quality production standards, and strong regulatory system. The US is home to some of the world's leading pharmaceutical companies such as Pfizer, Merck & Co., Johnson & Johnson, and Amgen.
2) Switzerland –$85 billion total pharma exports in 2023 This small European country has a highly developed healthcare sector and is known for its precision manufacturing processes. Some of the top Swiss pharma companies include Novartis, Roche Holding AG, and ABBVie Inc.
3) Germany –$84 billion total pharma exports in 2023 The country's well-established infrastructure and skilled workforce make it a top producer of generic drugs globally. Some notable German pharma companies are Bayer AG, Boehringer Ingelheim GmbH & Co KG, and Fresenius SE & Co KGaA.
4) Belgium –$79 billion total pharma exports in 2023 Its central location within Europe makes it a strategic hub for distribution to other European countries. Notable Belgian pharma companies include UCB SA/NV, Galapagos NV, and Ablynx NV.
5) Ireland –$72 billion total pharma exports in 2023 The country has become a popular location for many global pharma companies due to its favorable tax laws and skilled workforce. Some notable Irish pharma companies are Allergan Plc, Jazz Pharmaceuticals Plc, and Alkermes Plc.
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FREQUENTLY ASKED QUESTIONS?
Que. Which country is the leading exporter of Pharmaceutical? Ans. United States is the top exporters of Pharmaceutical products.
Que. How to get more information on Pharmaceutical exports? Ans. You can subscribe at Import Globals to get detailed information on Global Exports of Pharmaceuticals. through Import Export Trade data.
Que. Do you have data of top exporter of Pharmaceuticals? Ans. Yes, we do have USA Export Data in the detailed format which is top exporter of pharma.
Que.Does Pharmaceutical exports increases in the recent year ? Ans. Yes, Pharmaceutical exports has been increased in the recent year with a growth rate of above 6%.