Pharmaceuticals Export of Sweden: The Trade Analysis of 2024

Sweden, situated in northern Europe on the Scandinavian Peninsula alongside Norway, Finland, and the Baltic Sea in the west, northeast, and east directions, has emerged as a leading exporter of pharmaceuticals in the global trade market. The pharmaceutical exports of Sweden, accounting for 70.3% of the total exports, have recorded a 10% year-on-year increase in 2024. Sweden Import Data says that the recent trade statistics have reported that the Pharma exports of the nation have grown by 9% in value and 3% in volume in the first half of 2024. The robust R&D and innovation ecosystem has boosted the overall revenue generated from exports. The strong cluster effects, global partnership, government support, and regulatory alignment have been pivotal for the annual revenue generation.

The aging population and growing domestic demand have been driving the surge in the pharmaceutical exports of Sweden. The robust manufacturing capacities of the industrial sector have led to an export trade value of pharmaceuticals worth 20 billion US dollars in 2024. Import Globals, a leading data provider of Sweden import-export data, provides a brief overview of the overall amount of pharmaceuticals exported from the nation. Subscribe to Import Globals for a specific overview of the in-depth insights of pharmaceutical exports. The trade sheet available promotes a better understanding of the global trade fluctuation, promoted by the rising productivity of the industrial sectors.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF PHARMACEUTICALS FROM SWEDEN IN 2024

The government authorities of Sweden have been continuously working to encourage the overall export of pharmaceuticals in a positive way. The national partnership for boosting the clinical trials has been implemented by the authorities for stopping the Swedish medical exports to reverse the declining trial numbers. The initiative was structured to streamline the clinical trial recruitment while increasing the foreign pharmaceutical investment.

The expansion of bioprocess pilot infrastructure was set up in collaboration with Cytiva to scale up the Tesla Center in Uppsala. It has enabled the Pharma firms to pilot biologics; It is designed to strengthen Sweden’s capacity for exporting the higher-grade biopharmaceuticals. The Lifetime Strategy update and ATMP focus were structured to provide tax incentives, regulatory support, and strategic coordination to enhance the capacity for ATMP scale.

THE LEADING VARIANTS OF PHARMACEUTICALS EXPORTED FROM SWEDEN IN 2024

The growing global aged population and the increasing exposure of individuals to fatal diseases have led to diversification in the export demands of Sweden. According to the Sweden Export Data, the top 10 leading variants of pharmaceuticals exported from the nation in 2024 are,

  1. Osimertinib — The export trade value of Osimertinib from Sweden in 2024–4.3 billion US dollars
  2. Dapagliflozin — The export trade value of Dapagliflozin from Sweden in 2024–3.8 billion US dollars

3. Durvalumab– The export trade value of Durvalumab from Sweden in 2024–2.76 billion US dollars

  1. Acalabrutinib — The export trade value of Acalabrutinib from Sweden in 2024–2.21 billion US dollars
  2. Ticagrelor — The export trade value of Ticagrelor from Sweden in 2024–1.87 billion US dollars
  3. Symbicort– The export trade value of Symbicort from Sweden in 2024–1.65 billion US dollars
  4. Benralizumab– The export trade value of Benralizumab from Sweden in 2024–1.21 billion US dollars
  5. Goserelin — The export trade value of Goserelin from Sweden in 2024–1 billion US dollars
  6. Omeprazole — The export trade value of Omeprazole from Sweden in 2024–942 million US dollars
  7. Esomeprazole — The export trade value of Esomeprazole from Sweden in 2024–786 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF SWEDEN IN 2024

Sweden, being an active trader of pharmaceuticals in the international market, has built stronger trade relations with most of the regions of closer geographical proximity. According to the Sweden Customs Data, the top 10 export trade partners of the nation for pharmaceuticals in 2024 are,

  1. Germany — The annual valuation of pharmaceuticals exported from Sweden to Germany in 2024–3.87 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Clarithromycin

2. Levofloxacin

3. Ciprofloxacin

4. Doxycycline

5. Tetracycline

2. United States — The annual valuation of pharmaceuticals exported from Sweden to the United States in 2024–2.78 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Amoxicillin

2. Ampicillin

3. Ceftriaxone

4. Cefixime

5. Azithromycin

3. China — The annual valuation of pharmaceuticals exported from Sweden to China in 2024–2.23 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Insulin lispro

2. Insulin human

3. Levothyroxine

4. Liothyronine

5. Estradiol

4. France — The annual valuation of pharmaceuticals exported from Sweden to France in 2024–1.76 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Glimepiride

2. Sitagliptin

3. Empagliflozin

4. Dapagliflozin (Farxiga)

5. Insulin glargine

5. Norway — The annual valuation of pharmaceuticals exported from Sweden to Norway in 2024–1.42 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Risperidone

2. Quetiapine

3. Olanzapine

4. Haloperidol

5. Gabapentin

6. Austria — The annual valuation of pharmaceuticals exported from Sweden to Austria in 2024–1.28 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Fluoxetine

2. Escitalopram

3. Venlafaxine

4. Duloxetine

5. Amitriptyline

7. Russia — The annual valuation of pharmaceuticals exported from Sweden to Russia in 2024–1.09 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Diazepam

2. Lorazepam

3. Clonazepam

4. Zolpidem

5. Sertraline

8. Italy — The annual valuation of pharmaceuticals exported from Sweden to Italy in 2024–1 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Clopidogrel

2. Ticagrelor (Brilinta)

3. Warfarin

4. Apixaban

5. Rivaroxaban

9. Spain — The annual valuation of pharmaceuticals exported from Sweden to Spain in 2024–900 million US dollars

Top 5 variants of pharmaceuticals exported

1. Ramipril

2. Metoprolol

3. Bisoprolol

4. Carvedilol

5. Digoxin

10. United Kingdom — The annual valuation of pharmaceuticals exported from Sweden to the United Kingdom in 2024–843 million US dollars

Top 5 variants of pharmaceuticals exported

1. Atorvastatin

2. Amlodipine

3. Losartan

4. Valsartan

5. Enalapril

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