Korea Pharmaceutical and Bio-Pharma Manufacturers Association
The Korean pharmaceutical industry is advancing into the world in earnest as evidenced by its increasing export of finished products, drug substances, and technology. The total exports of pharmaceutical products sold in 188 countries in 2016 stand at USD 3.12 billion, a 6% increase from the previous year. As for the technology transfer, 8 cases of technology exports were made in 2017 alone which amounts to USD 1.23 billion.
Regional branches of Korean
pharma companies
Top 10 export countries in 2016
(Unit : 1,000 US Dollar)Rank | Country | Raw material |
Finished product |
Total |
---|---|---|---|---|
1 | Japan | 304,626 | 158,180 | 462,806 |
2 | Croatia | 28 | 397,830 | 397,858 |
3 | Ireland | 228,835 | 2,771 | 231,606 |
4 | China | 95,938 | 112,084 | 208,022 |
5 | Vietnam | 23,472 | 158,980 | 182,452 |
6 | Hungray | 374 | 134,660 | 135,034 |
7 | US | 86,215 | 30,065 | 116,280 |
8 | Brazil | 18,386 | 94,873 | 113,259 |
9 | Germany | 60,804 | 20,167 | 80,972 |
10 | India | 54,769 | 22,073 | 76,841 |
Others | 535,624 | 579,643 | 1,115,267 | |
Total | 1,409,072 | 1,711,325 | 3,120,397 |