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Other pharmaceutical goods: top exporters and importers (2024)

In 2024, world trade in other pharmaceutical goods totaled $17.8 billion (154 thousand tonnes). The top exporters were Germany (19%), the United States (13%) and the Netherlands (6%); the top importers were the United States (19%), Germany (7%) and Belgium (7%). Compared with 2019, the value rose 21%.

Summary

World trade
$17.8billion
Tonnes
154thousand tonnes
Price per tonne
$114,746
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Germany$3.3 billion · 18.8%
  2. United States$2.2 billion · 12.5%
  3. Netherlands$1.1 billion · 6%
    re-exports
  4. Ireland$1 billion · 5.7%
  5. Belgium$828 million · 4.7%
    re-exports
  6. Switzerland$713 million · 4%
  7. France$699 million · 3.9%
  8. Finland$684 million · 3.9%
  9. Italy$646 million · 3.6%
  10. Austria$632 million · 3.6%
  11. Mexico$598 million · 3.4%
  12. China$594 million · 3.4%
  13. Spain$577 million · 3.3%
  14. Hungary$486 million · 2.7%
  15. Japan$472 million · 2.7%
  16. United Kingdom$392 million · 2.2%
  17. Denmark$374 million · 2.1%
  18. India$315 million · 1.8%
  19. Norway$231 million · 1.3%
  20. South Korea$230 million · 1.3%

Top importers

  1. United States$3.4 billion · 19.3%
  2. Germany$1.3 billion · 7.3%
  3. Belgium$1.3 billion · 7.2%
    re-exports
  4. China$1.2 billion · 7%
  5. France$627 million · 3.5%
  6. Netherlands$571 million · 3.2%
    re-exports
  7. Japan$551 million · 3.1%
  8. Saudi Arabia$490 million · 2.8%
  9. Italy$479 million · 2.7%
  10. United Kingdom$453 million · 2.6%
  11. Spain$430 million · 2.4%
  12. Russia$365 million · 2.1%
  13. Canada$345 million · 1.9%
  14. South Korea$299 million · 1.7%
  15. Singapore$276 million · 1.6%
    re-exports
  16. Poland$268 million · 1.5%
  17. Brazil$249 million · 1.4%
  18. Switzerland$247 million · 1.4%
  19. Mexico$243 million · 1.4%
  20. Australia$237 million · 1.3%

Trend

Who sells it

Germany was the top exporter throughout the period

Value in USD billions. The five largest exporters in 2024.

  • Germany 3.3
  • United States 2.2
  • Netherlands 1.1
  • Ireland 1
  • Belgium 0.83

Source: CEPII BACI

Show the numbers
Country19952024
Germany1.13.3
United States0.42.2
Netherlands0.181.1
Ireland0.211
Belgium0.070.83

Price

Implied price

The price per tonne rose 116% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $114,746

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$53,210
1996$41,086
1997$58,481
1998$71,639
1999$44,235
2000$74,947
2001$72,428
2002$74,545
2003$82,559
2004$51,978
2005$92,347
2006$98,584
2007$90,810
2008$111,654
2009$109,937
2010$70,636
2011$120,874
2012$91,272
2013$116,302
2014$121,632
2015$101,461
2016$105,424
2017$109,028
2018$122,155
2019$109,148
2020$111,236
2021$123,568
2022$109,281
2023$110,047
2024$114,746

What it includes

  • 3006 · Other pharmaceutical goods

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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