The growing focus of the different governmental firms on the importance of robust healthcare systems that have led to higher investment in medical infrastructure and pharmaceuticals globally has fostered the annual global export of pharmaceuticals in 2024 to a huge extent. Different worldwide traders have come up to contribute to the annual export of pharmaceuticals for the fulfillment of their domestic acquisitions. The increase in the aging populations globally and the significant rise in chronic diseases have raised concern for medications in different regions worldwide, leading to a healthy infrastructure growth of the pharmaceuticals export market, accompanied by advancements in drug development, including innovations in biotechnology and pharmaceuticals.
From a significant export value of pharmaceuticals in a global manner worth 900 billion US dollars in 2019, the increased collaboration and trade agreements between countries have not only facilitated the cross-border tension regarding the export of goods but have also resulted in global export of pharmaceuticals worth 1.5 trillion US dollars in 2024. To overcome the disruptions caused by the pandemic, government firms have started investing more in the evolution of pharmaceutical industries for the pre-recovery of any kind of fatal diseases. This has not only streamlined the approval of easy pharmaceutical access to different trade borders but has also increased the regulatory movement of adjacent pharmaceutical companies toward different trade destination estates.
To streamline the growing global acquisitions of pharmaceuticals for proper recovery of any kind of fatal diseases and to fulfill the domestic acquisitions of different trade destinations, the trade leaders worldwide have invested their continuous efforts for expansion in the pharmaceutical export in 2024. According to the Global Pharmaceutical Export Data, the top 10 categories of pharmaceuticals that are traded hugely in 2024 are,
1. Vaccines - The global export trade value of Vaccines in 2024 - 202 billion US dollars.
2. Anti-cancer Drugs - The global export trade value of Anti-cancer drugs in 2024 - 175 billion US dollars.
3. Cardiovascular Drugs - The global export trade value of Cardiovascular drugs in 2024 - 142 billion US dollars.
4. Painkillers - The global export trade value of Painkillers in 2024 - 89 billion US dollars.
5. Antibiotics - The global export trade value of Antibiotics in 2024 - 78 billion US dollars.
6. Over-the-Counter (OTC) Medications - The global export trade value of Over-the-counter (OTC) medications in 2024 - 65 billion US dollars.
7. Insulin - The global export trade value of Insulin in 2024 - 54 billion US dollars.
8. Mental Health Drugs - The global export trade value of Mental health drugs in 2024 - 48 billion US dollars.
9. Hormone Therapies - The global export trade value of Hormone therapies in 2024 - 35 billion US dollars.
10. Anti-Inflammatory Drugs - The global export trade value of Anti-inflammatory drugs in 2024 - 27 billion US dollars.
To record a significant hike in the overall export value and to contribute to the global pharmaceuticals trade, different leading trade holders worldwide have introduced divergent variants of pharmaceutical export in their global services. According to the Global Pharmaceuticals Trade Data, the top 10 exporters of pharmaceuticals in 2024 are,
• United States - According to the USA Export Data, the valuation of the pharmaceuticals export in 2024 - 187 billion US dollars.
Top pharmaceuticals exports of 2024
• Atorvastatin
• Amlodipine
• Losartan
• Metoprolol
• Clopidogrel
• Germany - According to the Germany Export Data, the valuation of the pharmaceuticals export in 2024 - 154 billion US dollars.
Top pharmaceuticals exports of 2024
• Insulin
• Metformin
• Glimepiride
• Dapagliflozin
• Semaglutide
• Switzerland - According to the Switzerland Export Data, valuation of the pharmaceuticals export in 2024 - 87 billion US dollars.
To pharmaceuticals exports of 2024
• Keytruda
• Opdivo
• Imatinib
• Tamoxifen
• Letrozole
• Belgium - According to the Belgium Export Data, valuation of the pharmaceuticals export in 2024 - 65 billion US dollars.
Top pharmaceuticals exports of 2024
• Paracetamol
• Vaccines
• Ibuprofen
• Pantop
• Amoxicillin
• Ireland - According to the Ireland Export Data, valuation of the pharmaceuticals export in 2024 - 54 billion US dollars.
Top pharmaceuticals exports of 2024
• Amoxicillin
• Ciprofloxacin
• Azithromycin
• Vancomycin
• Meropenem
• France - According to the France Export Data, valuation of the pharmaceuticals export in 2024 - 48 billion US dollars.
Top pharmaceuticals exports of 2024
• COVID-19 vaccines
• Influenza vaccines
• Hepatitis B vaccine
• HPV vaccine
• Rabies vaccine
• India - According to the India Export Data, valuation of the pharmaceuticals export in 2024 - 37 billion US dollars.
Top pharmaceuticals exports of 2024
• Paracetamol
• Ibuprofen
• Tramadol
• Morphine
• Fentanyl patches
• Italy - According to the Italy Export Data, valuation of the pharmaceuticals export in 2024 - 29 billion US dollars.
Top pharmaceuticals exports of 2024
• Sertraline
• Pregabalin
• Risperidone
• Gabapentin
• Escitalopram
• United Kingdom - According to the United Kingdom Export Data, the valuation of the pharmaceuticals export in 2024 - 24 billion US dollars.
Top pharmaceuticals exports of 2024
• Diclofenac
• Celecoxib
• Naproxen
• Prednisolone
• Methylprednisolone
• Netherlands - According to the Netherlands Export Data, valuation of the pharmaceuticals export in 2024 - 20 billion US dollars.
Top pharmaceuticals exports of 2024
• Omeprazole
• Pantoprazole
• Ranitidine
• Loperamide
• Mesalamine
Que. What is the export trade value of pharmaceuticals globally in 2024?
Ans. The global export trade value of pharmaceuticals in 2024 is 1.5 trillion US dollars.
Que. Name the top global pharmaceutical exporter of 2024.
Ans. The United States leads the top global pharmaceutical exporter of 2024.
Que. What is the top globally exported pharmaceutical variant in 2024?
Ans. Vaccines are the top globally exported pharmaceutical variants of 2024.
Que. Where can you get a detailed trade analysis of the global pharmaceutical exports in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of the global pharmaceutical export of 2024.