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Pharmaceutical exports continue to be sluggish...

By Kim, Jin-Gu | translator Kim, Jung-Ju

23.03.17 05:50:48

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34% lower than 2 years ago...aftermath of reduced COVID-19 vaccine exports

Export amounts to USD 928.49 million in the same period...17% YoY drop in exports.

Domestic drugs are continuing to show sluggish sales overseas. During the prolonged COVID-19 crisis, Korea enjoyed an uprise in pharmaceutical exports, but due to the nearing endemic, exports are returning to the pre-COVID-19 level.

In particular, the sharp drop in exports of COVID-19 vaccines manufactured in Korea affected the decline in Korea¡¯s overall export performance.

According to the Korea Customs Service on the 17th, Korea's pharmaceutical export amounted to USD 928.49 million (approximately KRW 1.22 trillion, based on the won-dollar exchange rate of 1313.00 won).

This is the lowest amount recorded in January and February alone over the past three years. It is also 16

Kim, Jin-Gu(kjg@dailypharm.com)
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