BRUSSELS, twenty fourth April, 2023 (WAM) – Between 2002 and 2022, EU exports of medicinal and pharmaceutical merchandise to international locations outdoors the EU grew significantly stronger than imports, in response to figures revealed by Eurostat, the statistical workplace of the European Union.
Exports elevated from 50 billion in 2002 to 287 billion in 2022. Compared with 2021 (235 billion), the 2022 whole represented a rise of twenty-two%. Imports rose from 32 billion to 112 billion between 2002 to 2022, rising virtually 12% from 2021 (100 billion) to 2022.
With extra-EU exports rising greater than imports, the EU’s commerce surplus in medicinal and pharmaceutical merchandise reached 175 billion, the very best worth since 2002 (18 billion).
In 2022, Germany was the EU’s largest extra-EU exporter (68 billion), adopted by Belgium (56 billion), Ireland (42 billion), the Netherlands and Italy (every 22 billion).
The largest extra-EU importers of medicinal and pharmaceutical merchandise had been Belgium (21 billion), adopted by Germany (19 billion), the Netherlands (18 billion), Spain (10 billion) and Italy (9 billion).
The essential vacation spot of extra-EU exports of medicinal and pharmaceutical merchandise in 2022 was the United States, accounting for nearly a 3rd (33%) of those exports, adopted at a distance by Switzerland (13%), the United Kingdom (7%), China and Japan (each 6%).
Imports of those merchandise to the EU got here primarily from the United States, accounting for 35% of all EU imports of those merchandise, then Switzerland (34%), United Kingdom (9%) adopted by China (5%) and Singapore (4%).
Regarding commerce between the EU and the United States, between 2002 and 2022, EU exports of medicinal and pharmaceutical merchandise grew by greater than 9% per 12 months, and EU imports grew by virtually 7% per 12 months. During this era, the commerce stability has been in favour of the EU, registering a surplus of 54 billion in 2022.
As for Switzerland, between 2002 and 2022, EU exports grew by virtually 10% per 12 months, and imports grew by virtually 8% per 12 months. Over the identical interval, the EU had a commerce deficit that totalled -8 billion in 2009, 2012, 2019 and -9 billion in 2021. In 2022, a discount on this deficit was recorded, with the commerce stability reported as -1 billion.