Pharmaceutical goods have been a major requirement for the healthcare sectors because of their diversifying effects on mankind ranging from benefitting health to improving the effectiveness of healthcare sectors. Pharmaceutical goods are becoming one of the most globally sought-after commodities because of their higher domestic demands in different countries with a globally rising population. Due to its rising demands the USA trade authorities have also started exporting this product for boosting the global trade rate of the nation to a huge extent. The trade authorities right now are focusing more on the export of healthcare needs like vaccines, biologics, and cancer drugs for its rising international demands.
Different attributing factors behind the growing global trade of pharmaceutical goods exports are innovative research and development, regulatory standards, growing manufacturing capabilities of the production sectors, intellectual property protection, global demands for specialized medication, and others. All these attributing factors have boosted the export trade rate of pharmaceutical exports of the USA in 2023 by a rate of 5% i.e. 156 billion us dollars.
The rising demands for international pharmaceutical goods exported from the USA because of its quality-equipped products have made the nation export a variety of it for the acquired international needs. As per the USA Export Data, the top 10 pharmaceuticals exports in 2023 with their export values are discussed below,
• Human Vaccines – Market value of 2023 – 32 billion US dollars
5 export variations of Human vaccines
1. mRNA-based COVID-19 Vaccines
2. Influenza (Flu) Vaccines
3. Measles, Mumps, and Rubella (MMR) Vaccines
4. Human Papillomavirus (HPV) Vaccines
5. Hepatitis A and B Vaccines
• Immunological products – Market value of 2023 – 24 billion US dollars
5 export variations of immunological products
1. Monoclonal Antibodies for Cancer Treatment
2. Anti-TNF (Tumor Necrosis Factor) Biologics
3. Immune Globulin (Intravenous/IVIG) Products
4. Checkpoint Inhibitors
5. Cytokine Inhibitors
• Medicaments containing antibiotics – Market value of 2023 – 18 billion US dollars
5 export variations of medicaments containing antibiotics
1. Cephalosporin Antibiotics
2. Penicillin-based Antibiotics
3. Macrolide Antibiotics
4. Carbapenem Antibiotics
5. Fluoroquinolone Antibiotics
• Hormones and Hormone derivatives – Market value of 2023 – 15 billion US dollars
5 export variations of hormones and hormone derivatives
1. Insulin and Insulin Analogues
2. Thyroid Hormones
3. Corticosteroids
4. Estrogen and Progesterone Hormone Replacement Therapy
5. Growth Hormone
• Dental fillings – Market value of 2023 – 14 billion US dollars
5 export variations of dental fillings
1. Amalgam (Silver) Fillings
2. Composite Resin Fillings
3. Glass Ionomer Fillings
4. Gold Fillings
5. Ceramic Fillings (Porcelain)
• Medical instruments and appliances – Market value of 2023 – 12 billion US dollars
5 export variations of medical instruments and appliances
1. Diagnostic Imaging Equipment
2. Surgical Instruments
3. Orthopedic Implants and Appliances
4. Cardiac Devices
5. Medical and Surgical Sterilizers
• Antibodies and similar products – Market value of 2023 – 10 billion US dollars
5 export variations of antibodies and similar products
1. Monoclonal Antibodies for Cancer Treatment
2. Anti-inflammatory Monoclonal Antibodies
3. Monoclonal Antibodies for Infectious Diseases
4. Antibody-drug Conjugates (ADCs)
5. Diagnostic Antibodies
• Serums and other blood fractions – Market value of 2023 – 8 billion US dollars
5 export variations of serums and other blood fractions
1. Immune Globulin
2. Albumin Solutions
3. Clotting Factor Concentrates
4. Hyperimmune Globulins
5. Fibrinogen Concentrates
• Oncology drugs – Market value of 2023 – 6 billion US dollars
5 export variations of oncology drugs
1. Monoclonal Antibodies
2. Tyrosine Kinase Inhibitors
3. Antibody-drug Conjugates
4. Platinum-based Chemotherapy Drugs
5. PARP Inhibitors
• Cardiovascular drugs – Market value of 2023 – 5 billion US dollars
5 export variations of cardiovascular drugs
1. Statins
2. ACE Inhibitors
3. Angiotensin II Receptor Blockers (ARBs)
4. Beta-Blockers
5. Anticoagulants
As per the USA Trade Data, the top export destinations of the nation in 2023 for pharmaceutical exports with their valuations and variations of export are discussed below,
• Canada – According to Canada Customs Data, valuations of pharmaceutical exports from the USA in 2023 – 28 billion US dollars
Top 5 Pharmaceutical Exports
1. Insulin
2. Oncology Drugs
3. Vaccines
4. Immunosuppressive Drugs
5. Azithromycin
• Germany - According to Germany Customs Data, valuations of pharmaceutical exports from the USA in 2023 – 23 billion US dollars
Top 5 Pharmaceutical Exports
1. Biopharmaceuticals
2. Cardiovascular Drugs
3. Vaccines
4. Humira( Immunosuppressive Drugs)
5. Oncology Drugs
• Japan - According to Japan Customs Data, valuations of pharmaceutical exports from the USA in 2023 – 18 billion US dollars
Top 5 Pharmaceutical Exports
1. Biopharmaceuticals – Keytruda
2. Immunosuppressive Drugs – Humira
3. Oncology Drugs – Herceptin
4. Vaccines - Flu Vaccines
5. Cardiovascular Drugs
• Mexico - According to Mexico Customs Data, valuations of pharmaceutical exports from USA in 2023 – 16 billion US dollars
Top 5 Pharmaceutical Exports
1. Vaccines
2. Anti-cancer drugs
3. Cardiovascular drugs
4. Anti-inflammatory drugs
5. Anti-anxiety/depression drugs
• United Kingdom - According to United Kingdom Customs Data, valuations of pharmaceutical exports from USA in 2023 – 14 billion US dollars
Top 5 Pharmaceutical Exports
1. Biological Products
2. Medical Equipment
3. Cancer Drugs
4. Anti-inflammatory Drugs
5. Psychotropic Drugs
• Belgium - According to Belgium Customs Data, valuations of pharmaceutical exports from USA in 2023 – 12 billion US dollars
Top 5 Pharmaceutical Exports
1. Vaccines
2. Cancer Medications
3. Cardiovascular Drugs
4. Neurological Medicines
5. Anti-inflammatory Drugs
• France - According to France Customs Data, valuations of pharmaceutical exports from USA in 2023 – 10 billion US dollars
Top 5 Pharmaceutical Exports
1. Biologics
2. Oncology Drugs
3. Cardiovascular Medications
4. Antibiotics
5. Central nervous system (CNS) drugs
• Italy - According to Italy Customs Data, valuations of pharmaceutical exports from USA in 2023 – 9 billion US dollars
Top 5 Pharmaceutical Exports
1. Anti-infective agents
2. Cardiovascular drugs
3. Oncology drugs
4. Medical devices
5. Biologics
• South Korea - According to South Korea Customs Data, valuations of pharmaceutical exports from USA in 2023 – 8 billion US dollars
Top 5 Pharmaceutical Exports
1. Biological Products
2. Syringes
3. Catheters
4. Antibiotics
5. Vitamins
• Brazil - According to Brazil Customs Data, valuations of pharmaceutical exports from USA in 2023 – 6 billion US dollars
Top 5 Pharmaceutical Exports
1. Anti-cancer Drugs
2. Cardiovascular Medicines
3. Oncology Medications
4. Women's Health Products
5. Antineoplastic Agents
1. Export trade value of pharmaceuticals in 2013 – 48 billion US dollars.
2. Export trade value of pharmaceuticals in 2014 – 49.7 billion US dollars.
3. Export trade value of pharmaceuticals in 2015 – 58 billion US dollars.
4. Export trade value of pharmaceuticals in 2016 – 47 billion US dollars.
5. Export trade value of pharmaceuticals in 2017 – 54 billion US dollars.
6. Export trade value of pharmaceuticals in 2018 – 62 billion US dollars.
7. Export trade value of pharmaceuticals in 2019 - 65 billion US dollars.
8. Export trade value of pharmaceuticals in 2020 – 76 billion US dollars.
9. Export trade value of pharmaceuticals in 2021 – 73 billion US dollars.
10. Export trade value of pharmaceuticals in 2022 - 78 billion US dollars.
Que. What is the total export trade value of pharmaceutical exports in the USA 2023?
Ans. The total export trade value of pharmaceuticals exports in the USA 2023 is 156 billion US dollars.
Que. What is the top pharmaceutical export of the USA in 2023?
Ans. The human vaccine is the top pharmaceutical export of the USA in 2023.
Que. Where can you get the detailed trade analysis of USA Pharmaceuticals exports in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of USA Pharmaceuticals exports in 2023.