Pharmaceutical exports fall 19% this year
By Kim, Jin-Gu | translator Alice Kang
22.05.16 12:09:41
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Exports in January-April fall from $2.69 billion to $2.19 billion
Imports rise from $2.535 billion to $3.6 billion¡¦ shifts to a trade deficit
Pharmaceutical exports from January to April last year were found to have fallen 19% from the same period in the previous year.
According to the Korea Customs Service on the 16th, pharmaceutical exports from January to April this year have recorded $2,191,880,000 (approx. ₩2.81 trillion). This is a 19% decrease from the $2,689,820,000 (approx. ₩3.45 trillion) accrued last year.
In the same period, the amount of imports increased 42% from $2,534,920,000 (approx. ₩3.25 trillion) to $3,603,450,000 (approx. ₩4.62 trillion).
With exports greatly reduced and a surge in imports, the trade balance of pharmaceuticals, which recorded a surplus in the same period
Kim, Jin-Gu(kjg@dailypharm.com)
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