The increasing global health concern because of the growing exposure of mankind to the toxic substances in the surrounding environment and the emulsion of certain viruses with the flora accompanied by the increasing number of old aged population across the globe have been some of the key reasons behind the global increase in the pharmaceutical demands. The pharmaceutical industry of Taiwan has come a long way in the past few years via its wide pharmaceutical industry and production capability of innovative drugs. The heavy investment of the government authorities in developing cutting-edge technologies for medicine manufacturing is recording a positive outgrowth in the overall response.

The competitive pricing strategies adopted by the government authorities of the nation to build up a stable trade relationship with the great trade holders worldwide have made the pharmaceutical industry of the nation record an export trade growth rate of 45 billion US dollars in 2023 with a representative growth of around 6.07% CAGR from the previous year.

Top 10 Pharmaceuticals Export of Taiwan in 2023

The Taiwan Export Data has enlisted the below-mentioned products as the leading exports of the nation as per the globally acquired demands in 2023.

1. Biologics – Valuation of Biologics export from Taiwan in 2023 – 18 billion US dollars.

2. Oncology Drugs – Valuation of Oncology Drugs export from Taiwan in 2023 – 12 billion US dollars.

3. Cardiovascular Medicines – Valuation of Cardiovascular Medicines export from Taiwan in 2023 – 8 billion US dollars.

4. Vaccines – Valuation of Vaccines exported from Taiwan in 2023 – 7 billion US dollars.

5. Anti-Diabetic Medicines – Valuation of Anti-Diabetic Medicines export from Taiwan in 2023 – 6 billion US dollars.

6. Alzheimer’s Drugs – Valuation of Alzheimer’s Drugs export from Taiwan in 2023 – 5 billion US dollars.

7. Autoimmune Medicines – Valuation of Autoimmune Medicines export from Taiwan in 2023 – 4 billion US dollars.

8. Gastrointestinal Drugs – Valuation of Gastrointestinal Drugs export from Taiwan in 2023 – 2.5 billion US dollars.

9. Central Nervous System (CNS) Drugs – Valuation of Central Nervous System (CNS) Drugs exported from Taiwan in 2023 –2 billion US dollars.

10. Antibiotics – Valuation of Antibiotics export from Taiwan in 2023 – 1.5 billion US dollars.

Top 10 Pharmaceutical Goods Manufacturing Industries of Taiwan in 2023

The detailed analysis of the Taiwan Trade Data depicts the fact that most of the healthcare industries of the nation have gone through a revolutionary era for fulfilling the globally acquired pharmaceutical goods demands. The leading ones with export valuations of 2023 are,

1. Daiichi Sankyo Taiwan Ltd. – Pharmaceutical goods export value from Daiichi Sankyo Taiwan Ltd. in 2023 – 20 billion US dollars.

2. Takeda Pharmaceuticals Taiwan Co., Ltd. – Pharmaceutical goods export value from Takeda Pharmaceuticals Taiwan Co., Ltd. in 2023 – 15 billion US dollars.

3. Pfizer Corporation (Taiwan) Ltd. – Pharmaceutical goods export value from Pfizer Corporation (Taiwan) Ltd. in 2023 – 12 billion US dollars.

4. Merck Sharp & Dohme (MSD) Corp. – Pharmaceutical goods export value from Merck Sharp & Dohme (MSD) Corp in 2023 – 10 billion US dollars.

5. Novartis Pharma Services Inc. – Pharmaceutical goods export value from Novartis Pharma Services Inc. in 2023 – 8 billion US dollars.

6. GlaxoSmithKline (GSK) Taiwan Ltd. – Pharmaceutical goods export value from GlaxoSmithKline (GSK) Taiwan Ltd. in 2023 – 6 billion US dollars.

7. AstraZeneca Taiwan Co., Ltd. – Pharmaceutical goods export value from AstraZeneca Taiwan Co., Ltd. in 2023 – 5 billion US dollars.

8. Sanofi-Aventis Taiwan Co., Ltd. – Pharmaceutical goods export value from Sanofi-Aventis Taiwan Co., Ltd. in 2023 – 4 billion US dollars.

9. New Jersey Pharma Inc: – Pharmaceutical goods export value from New Jersey Pharma Inc: in 2023 – 3 billion US dollars.

10. TTY Biopharm Co., Ltd: – Pharmaceutical goods export value from TTY Biopharm Co., Ltd in 2023 – 2 billion US dollars.

Top 10 Export Trade Partners of Taiwan for Pharmaceutical Goods Export in 2023

As per the Taiwan Customs Data, the top 10 export trade partners of Taiwan for pharmaceuticals export in 2023 are,

1. United States – As per the USA Import Data, the valuation of pharmaceuticals exported from Taiwan in 2023 – 22 billion US dollars.

2. Japan – As per the Japan Import Data, the valuation of pharmaceuticals exported from Taiwan in 2023 –16 billion US dollars.

3. China – As per the China Import Data, the valuation of pharmaceuticals exported from Taiwan in 2023 – 12 billion US dollars.

4. Germany – As per the Germany Import Data, the valuation of pharmaceuticals exported from Taiwan in 2023 – 9 billion US dollars.

5. South Korea – As per the South Korea Import Data, the valuation of pharmaceuticals exported from Taiwan in 2023 – 8 billion US dollars.

6. Hong Kong – As per the Hong Kong Import Data, the valuation of pharmaceuticals exported from Taiwan in 2023 – 7 billion US dollars.

7. Singapore – As per the Singapore Import Data, the valuation of pharmaceuticals exported from Taiwan in 2023 – 6 billion US dollars.

8. Canada – As per the Canada Import Data, the valuation of pharmaceuticals exported from Taiwan in 2023 – 5 billion US dollars.

9. Australia – As per the Australia Import Data, the valuation of pharmaceuticals exported from Taiwan in 2023 – 4 billion US dollars.

10. Malaysia – As per the Malaysia Import Data, the valuation of pharmaceuticals export from Taiwan in 2023 – 3 billion US dollars.

FAQ’S

Que. What is the export trade value of pharmaceuticals from Taiwan in 2023?
Ans. The export trade value of pharmaceuticals from Taiwan in 2023 is 45 billion US dollars.

Que. Who is the top export trade partner of Taiwan in 2023 for pharmaceuticals export?
Ans. The United States is the top export trade partner of Taiwan in 2023 for pharmaceuticals exports.

Que. Name the top pharmaceutical manufacturing company in Taiwan in 2023.
Ans. Daiichi Sankyo Taiwan Ltd. Is the top pharmaceutical manufacturing company in Taiwan in 2023.

Que. Where can you get a detailed trade analysis of Taiwan’s Pharmaceuticals export in 2023?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Taiwan’s Pharmaceuticals export in 2023.

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