ANI
15 Apr 2025, 06:29 GMT+10
Brussels [Belgium], April 15 (ANI/ WAM): In 2024, EU exports of medicinal and pharmaceutical products increased by 13.5 per cent compared with 2023, reaching Euro 313.4 billion. At the same time, imports only recorded a modest increase of 0.5 per cent, amounting to Euro 119.7 billion, according to figures published by Eurostat, the statistical office of the European Union.
Consequently, in 2024, the EU's trade surplus in medicinal and pharmaceutical products came to a total of Euro 193.6 billion, marking a record high.
Last year, Germany was the EU's largest extra-EU exporter of medicinal and pharmaceutical products (Euro 67.9 billion), followed by Ireland (Euro 56.6 billion) and Belgium (Euro 41.4 billion).
The largest extra-EU importers were Germany (Euro 23.0 billion), Belgium (Euro 21.3 billion) and the Netherlands (Euro 14.7 billion).
The main destination for extra-EU exports of medicinal and pharmaceutical products in 2024 was the United States (38.2 per cent of all exports outside the EU; Euro 119.8 billion), followed by Switzerland (16.4 per cent; Euro 51.3 billion) and the United Kingdom (5.8 per cent; Euro 18.2 billion).
Most of the imports to the EU came from the United States (38.3 per cent; Euro 45.9 billion), Switzerland (32.6 per cent; Euro 39.1 billion) and the United Kingdom (7.3 per cent; Euro 8.7 billion). (ANI/ WAM)
Get a daily dose of Illinois Intelligencer news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Illinois Intelligencer.
More InformationBrussels [Belgium], April 15 (ANI/ WAM): In 2024, EU exports of medicinal and pharmaceutical products increased by 13.5 per cent compared...
Geneva [Switzerland], April 15 (ANI/ WAM): In a new report released on April 14, UN Trade and Development (UNCTAD) is amping up calls...
The US presidents common-sense approach is a positive departure from the Biden years, Sergey Lavrov says Moscow is open to continuing...
The US president believes the EU will obey and he may be right US President Donald Trump wasn't joking. As promised, he has launched...
Washington DC [US], April 14 (ANI): Pete Marocco, who played a key role in overseeing the drastic reduction of foreign aid and the...
Mumbai (Maharashtra) [India], April 14 (ANI): Union Minister of Road and Highways Nitin Gadkari on Monday said that India can become...
PASADENA, California: Because many people are worried about dangerous chemicals in smoke, ash, and debris from recent wildfires, Los...
WASHINGTON, D.C.: President Donald Trump, who had often complained about weak water pressure in showers, has signed an order to remove...
NEW DELHI, India: Apple has ramped up shipments of iPhones from India to the United States, chartering aircraft to move hundreds of...
WASHINGTON, D.C.: The U.S. Commerce Department during the week ended about US$4 million in funding to Princeton University for assessing...
HONG KONG: A Hong Kong social worker has been handed a prison sentence of nearly four years after a retrial linked to the 2019 pro-democracy...
LONDON, UK: The United States has pulled out of international talks in London about reducing pollution from ships. These talks are...