List of countries by pharmaceutical exports

Pharmaceutical Exports

The pharmaceuticals industry has become the largest global sector in the world’s economy. This industry has remained to be at the forefront of research, innovation, discovery, the development and pharmaceutical manufacturing as well as marketing of the medicines. The world pharmaceutical industry has played a major role in the world’s economy as most countries generate their revenues from pharmaceutical exports.

Pharmaceutical exports
Pharmaceutical exports have increased over the years due to a rise in chronic diseases, increased worldwide demand for medication from developing countries, an increasingly ageing population, and an environment that has become polluted. The medicine export business in the UK thrives due to the pharmaceutical export from Africa. Some drugs exported to emerging economies include brand and generic drugs like antimalarial tablets. Pneumonia in developing countries has remained to be the cause of many deaths. This calls for an oxygen supplier worldwide to help ease in breathing.

The US has the world largest pharmaceutical market. It is followed closely by China and Japan and some leading economies found in the EU. By the year 2018 pharmaceutical exports had increased by an average of 7.8%.

Below is a list of countries that had the highest value pharmaceutical exports in 2018
Germany was the leading with US$ 62.3 BILLION THIS CONSTITUTED 16.5% of the total pharmaceutical exports

• Switzerland $ 45.3 billion, 12% of the total pharmaceutical exports
• Belgium $27.8 billion, 7.4%
• France $ 25.9 billion, 6.8%
• The Netherlands$25.6 billion, 6.8%
• The US $ 22.1 billion, 5.7%
• Ireland $ 21.7 billion, 5.7%
• The US $ 19.7 billion, 5.2%
• Italy $19.7 billion, 5.2%
• India $13.1billion, 3.5%
• Canada $ 6.8 billion, 1.8%
• Sweden $ 6.7 billion, 1.8%
• Austria $ 5.5 billion, 1.5%

Pharmaceutical exports of emerging economies have remained low in comparison to those of the developed economies. However, the developing countries are rising in the production of their own pharmaceuticals.  Most pharmaceutical wholesalers UK, export their medicines and drugs to the developing countries. This is because of the high demand in developing countries.

The pharmaceutical industry has grown and will continue to grow in the coming years.