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Last year's pharma export sales recorded KRW 11T

By Kim, Jin-Gu | translator Hong, Ji Yeon

25.01.16 05:02:50

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Declined for two consecutive years since 2021¡ærebounded last year with a 29% hike

Exports to the 'U.S.' rank at the top, up 50% over the year¡¦exports to 'Hungary' surged fourfold



Last year's export sales of Korea-made pharmaceuticals amounted to US$ 7.5 billion (approximately KRW 11 trillion), up 29% from the previous year. Analysis indicates that a significant increase in biopharmaceutical exports of Samsung Biologics and Celltrion has contributed to the growth.

The largest exported country was the United States, with exports totaling US$ 1.3 billion (approximately KRW 1.98 trillion), up 50% from the previous year. Export sales to Hungary increased more than fourfold over the year, reaching US$ 1.2 billion (approximately KRW 1.85 trillion), making it the second largest after the United States.

Pharmaceutical export sales reached US$ 7.54 billion last

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