Pharmaceutical Products Export of Belgium: The Trade Analysis of 2024

Belgium, located in Eastern Europe sharing borders with France, Luxembourg, Germany, and the Netherlands in the southwest, southeast, east, and north directions, has gradually increased its ranking as a leading exporter of pharmaceutical essentials in the global trade market. The overall surge in the Pharma exports of the European Union by a rate of 13.5% is representative of the increasing contribution of Belgium towards the revenue rate. Belgium Import Data says that the abundance of vaccine production in the industrial sectors and other essentials has recorded the region as a center for global pharmaceutical companies like Pfizer, GSK, and Novartis.

The globally thriving production infrastructure and the robust R&D and Attractive innovation policies with world-class logistics and transit infrastructure have led to an export trade value of Pharmaceutical products worth 96 billion US dollars. The universities and hospitals of the country have been organizing different trials in metabolic, cardiovascular, and oncology sectors for diversification of the export portfolio. Subscribe to Import Globals, a leading import-export trade provider for getting in-depth information on the overall amount of pharmaceutical products exported from the nation: the “Belgium Trade Data” serves as a role player in shaping the trade landscape.

POLICY REFORMS SUPPORTING THE EXPORT INFRASTRUCTURE OF BELGIUM

The Med4Cure — EU IPCEI for Pharma R&D & production, approved by the European Commission as an important project of common European Interest, has led to the evolution of the domestic trade infrastructure, helping the authorities to scale up the export capacity. The federal Biopharma strategy and the Health and Biotech valley have coordinated support with active traders driving the innovation and export promotion in life sciences. The Flanders Investment and Trade export missions and B2B programs have supported the government funding and network towards the strategic service expansion of Belgium in 2024.

The export credit insurance through Credendo, including the pharmaceutical firms, has enabled the overseas deals through the innovation of the transportation ports and introduction of diversification in the export portfolio. The federal pharmaceutical roadmap with reimbursement and trial incentives has offered financial flexibility for Biosimilars/ generics and other medical industry essentials, expanding the industrial reach across the globe.

THE LEADING VARIANTS OF PHARMACEUTICALS EXPORTED FROM BELGIUM IN 2024

Belgium has recorded diversification in the export portfolio through the efficient productivity of the healthcare industry. According to the Belgium Export Data, the top 10 exported variants of pharmaceuticals from Belgium in 2024 are,

  1. Paracetamol — The export trade value of Paracetamol from Belgium in 2024–12 billion US dollars
  2. Vaccine- The export trade value of Vaccine from Belgium in 2024–10 billion US dollars
  3. Ibuprofen- The export trade value of Ibuprofen from Belgium in 2024–9 billion US dollars
  4. Pantoprazole- The export trade value of Pantoprazole from Belgium in 2024–6 billion US dollars
  5. Amoxicillin — The export trade value of Amoxicillin from Belgium in 2024–5 billion US dollars
  6. Azithromycin — The export trade value of Azithromycin from Belgium in 2024–4 billion US dollars
  7. Omeprazole — The export trade value of Omeprazole from Belgium in 2024–2.97 billion US dollars
  8. Atorvastatin- The export trade value of Atorvastatin from Belgium in 2024–2.12 billion US dollars
  9. Metformin- The export trade value of Metformin from Belgium in 2024–1.21 billion US dollars
  10. Clopidrogel- The export trade value of Clopidrogel from Belgium in 2024–1.08 billion US dollars

TOP 10 EXPORT TRADE PARTNERS OF BELGIUM FOR PHARMACEUTICALS IN 2024

Belgium being an active trader of Pharmaceutical essentials in the international trade market, has built up a strong bilateral relationship with the emerging markets. As per the Belgium Customs Data, the top 10 export trade partners of the nation for pharmaceutical trade in 2024 are,

  1. United States — The total export trade value of pharmaceuticals exported from Belgium to the United States in 2024–8.76 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Paracetamol

2. Ibuprofen

3. Azithromycin

4. Metformin

5. Insulin

2. Germany — The total export trade value of pharmaceuticals exported from Belgium to Germany in 2024–7.21 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Human insulin

2. Heparin sodium

3. Low molecular weight heparin

4. Warfarin sodium

5. Doxycyclin

3. Netherlands — The total export trade value of pharmaceuticals exported from Belgium to the Netherlands in 2024–6.54 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Ciprofloxacin

2. Levofloxacin

3. Metronidazole

4. Clarithromycin

5. Vancomycin

4. United Kingdom — The total export trade value of pharmaceuticals exported from Belgium to the United Kingdom in 2024–5.21 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Gentamicin

2. Clindamycin

3. Fluconazole

4. Ketoconazole

5. Itraconazole

5. France — The total export trade value of pharmaceuticals exported from Belgium to France in 2024–4.87 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Voriconazole

2. Acyclovir

3. Valacyclovir

4. Oseltamivir

5. Lamivudine

  1. Japan — The total export trade value of pharmaceuticals exported from Belgium to Japan in 2024–3.65 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Lisinopril

2. Enalapril

3. Losartan

4. Valsartan

5. Amlodipine

7. China — The total export trade value of pharmaceuticals exported from Belgium to China in 2024–2.86 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Oseltamivir

2. Lamivudine

3. Zidovudine

4. Tenofovir

5. Efavirenz

8. Spain — The total export trade value of pharmaceuticals exported from Belgium to Spain in 2024–1.65 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Famotidine

2. Sucralfate

3. Ondansetron

4. Granisetron

5. Domperidone

9. Russia — The total export trade value of pharmaceuticals exported from Belgium to Russia in 2024–1.02 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Loratidine

2. Cetrizine

3. Domperidone

4. Fexofenadine

5. Levocetrizine

10. Italy — The total export trade value of pharmaceuticals exported from Belgium to Italy in 2024–1 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Sertraline

2. Fluoxetine

3. Escitalopram

4. Bupropion

5. Duloxeitine

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more