Annual revenues of SMIT country pharmaceutical industry 2013-2015

This statistic displays the development of the pharmaceutical market in the so called SMIT (South Korea, Mexico, Indonesia, Turkey) countries from 2013 to 2015. In 2013, South Korea's pharmaceutical industry generated 10.7 billion U.S. dollars in revenues. The pharmaceutical industry in South Korea is one of the fastest growing pharmaceutical markets in the world, partially due to its universal access to the internet and its progress with technological goods.

Pharmaceutical industry revenue in SMIT countries from 2013 to 2015 (in billion U.S. dollars)*

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Release date

October 2016



Survey time period

2013 to 2015

Supplementary notes

* Figures are converted based on euros to U.S. dollars at a rate of 1:1.0954238. Local currency dollars (LCD) were used to make growth more comparable.

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