Drug exports in May amounted to ₩650 billion
By Kim, Jin-Gu | translator Choi HeeYoung
21.06.15 12:04:44
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Imports have risen slightly and the trade balance for medicines is deficit for the second straight month
Drug exports to Germany surpassed ₩1 trillion, and exports to the United States fell
Korea's drug exports reached ₩650 billion in May. Exports are still export boom following last year. However, as imports increased, the trade balance posted in deficit for the second straight month from April.
¡ãMonthly drug exports for the last two years (unit: $1 million, data: Korea Custom Service)
By country, drug exports to Germany surpassed ₩1 trillion in five months. Pharmaceutical exports to Germany exceeded ₩2 trillion last year, reaching an all-time high, and exports are increasing more steeply this year. According to the Korea Customs Service on the 15th, Korea exported $585.07 million (about ₩650 billion) in May. Compared to $588.43 million in May last year, there is little difference. Last year's exports of medicines were the highest ever. The export boom co
Kim, Jin-Gu(kjg@dailypharm.com)
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