Pharma exports exceed ₩9 trillion in 2021
By Kim, Jin-Gu | translator Alice Kang
22.01.17 06:00:40
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$3.7 billion in 2019 → $8.1 billion in 2021… strong performance of biopharmaceuticals
$9.8 billion dollars in pharmaceutical imports… rose 32% due to introduction of COVID-19 vaccines
Sale of ‘K-diagnostic kits’ slow down $2.2 billion→$2 billion due to intensified global competition
Pharmaceutical exports in Korea have exceeded ₩9 trillion last year. With exports increasing around biopharmaceuticals, sales of the drugs increased over 2.2 times over the past 2 years.
Imports have also reached record-high, influenced by the increased import of Pfizer and Moderna’s COVID-19 vaccines. On the other hand, the export of diagnostic kits that have surged after the COVID-19 outbreak has slowed down.
◆Export of pharmaceuticals exceed $8 billion… led by Samsung Biologics and SK Bioscience
According to the Korea Customs Service on the 16th, pharmaceutical exports last year amounted to $8,121,440,000 (approximately ₩9.69 trillion) (based on the e
Kim, Jin-Gu(kjg@dailypharm.com)
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