Which are the Top 10 EU countries exporting pharmaceutical products in 2024?

EU's trade surplus in pharmaceutical products reached a record high of €193.6 billion in 2024 - Portugal Business News

EU News Economy - The EU's trade surplus in pharmaceutical products reached a record high of €193.6 billion in 2024, according to Eurostat. Which are the Top 10 EU countries exporting pharmaceutical products in 2024 and what are the EU’s main export markets?

EU Exports of medicinal and pharmaceutical products increased by 13.5% in 2024 compared with 2023, reaching €313.4 billion, while imports only increased by 0.5%, reaching €119.7 billion. This resulted in a record high trade surplus in EU pharma products reaching €193.6 billion in 2024.  

Which are the Top 10 EU countries exporting pharmaceutical products in 2024?

1 – Germany

Germany was the EU’s largest extra-EU exporter of medicinal and pharmaceutical products, reaching €67.9 billion in 2024.

2 – Ireland

Ireland was the EU’s second largest extra-EU exporter of medicinal and pharmaceutical products, reaching €56.6 billion in 2024.

3 – Belgium

Belgium was the EU’s third largest extra-EU exporter of medicinal and pharmaceutical products, reaching €41.4 billion in 2024.

4 – Italy

Italy was the EU’s fourth largest extra-EU exporter of medicinal and pharmaceutical products, reaching nearly €28 billion in 2024.

5 – Netherlands

The Netherlands was the EU’s fifth largest extra-EU exporter of medicinal and pharmaceutical products, reaching €27.6 billion in 2024.

6 – Slovenia

Slovenia was the EU’s sixth largest extra-EU exporter of medicinal and pharmaceutical products, reaching €22.3 billion in 2024.

7 – France

France was the EU’s seventh largest extra-EU exporter of medicinal and pharmaceutical products, reaching €17.9 billion in 2024.

8 – Denmark

Denmark was the EU’s eighth largest extra-EU exporter of medicinal and pharmaceutical products, reaching €13.7 billion in 2024.

9 – Austria

Austria was the EU’s ninth largest extra-EU exporter of medicinal and pharmaceutical products, reaching €9.9 billion in 2024.

10 – Spain

Spain was the EU’s tenth largest extra-EU exporter of medicinal and pharmaceutical products, reaching nearly €9 billion in 2024.

What are the EU’s main export markets for pharmaceutical products in 2024?

The main export countries for extra-EU exports of medicinal and pharmaceutical products in 2024 were:

1 - The United States with 38.2% of all exports outside the EU amounting to €119.8 billion

2 - Switzerland with 16.4% amounting to €51.3 billion

3 - The United Kingdom with 5.8% amounting to €18.2 billion.