Categories: Europe

EU trade surplus in medicines at a record high

The FINANCIAL — EU exports and imports of medicinal and pharmaceutical products grew almost every year between 2002 and 2017, reaching EUR 156 billion and EUR 77 billion respectively in 2017.

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With exports growing more than imports, the trade balance increased from a surplus of EUR 22 billion in 2002 to a record high of EUR 80 billion in 2017.

The main destination for EU exports of medicinal and pharmaceutical products was the United States (accounting for 31 % of EU exports of these products). Switzerland (13 %) was second, followed by China (6 %), Japan and Russia (both 5 %). Imports of medicinal and pharmaceutical products into the EU were overwhelmingly from the United States (accounting for 40 % of EU imports of these products) and Switzerland (34 %). No other country had a share of more than 6 %.

 

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