Export value of pharmaceuticals from Germany 2002-2021
Where are the exports going?
The United States was by far the primary destination for German pharmaceuticals exports in 2021, with an export value of over 17.8 billion euros. While Switzerland and the Netherlands were the second and third highest with export values of 8.4 and eight billion euros, respectively.
German pharmaceutical market
The value of pharmaceuticals imported into Germany was approximately 71 billion euros in 2021. This means Germany has a positive trade balance in the pharmaceutical market as its exports are worth more than its imports. Additionally, the German pharmaceutical market generated revenues of 49.4 billion euros in 2021, which made it the leading pharmaceutical market in Europe.