The Hike in Denmark’s Pharmaceuticals Export: In-depth Insights of 2024

Denmark, a Nordic country in Northern Europe, with a population of 6 million and a high-income mixed economy, has recorded itself as the leading exporter of pharmaceuticals in the international trade market. The country sharing borders with Norway, Germany, and Sweden in the north-south and east directions has been thriving globally with its diversification of production capacity as per the global demand. The massive global traction has skyrocketed the pharmaceutical exports, enabling increased output and higher exports. Denmark Import Data says that the Danish economy ministry, specifically for supporting the pharmaceutical production and exports sector, has announced that it will continue to expand its export capacity through a strategic expansion in the service sector.

The Danish economy ministry has accounted for a massive expansion of the healthcare industry production. The increase in the sector labor productivity since 2005 and the life science cluster in Medicom Valley have enhanced the innovation and collaboration of pharmaceuticals with biotech. It has resulted in an export trade value of pharmaceuticals from Denmark worth 45 billion US dollars in 2024. The additional demand for GLP-1 drugs for specific categories like Ozempic and Vigovy has been the pivotal one behind the export growth rate. Subscribe to Import Globals, a leading import-export trade provider, to stay updated with the latest information on Denmark’s trade data. It tailors to your needs regarding the pharmaceutical exports of the nation, too.

POLICY REFORMS INITIATED BY THE GOVERNMENT TO SUPPORT THE EXPORT OF PHARMACEUTICALS

The new Life science Strategy towards 2030 was one of the crucial reforms launched by the Danish Health Solutions. The initiative was structured to enhance international market access while elevating the country’s rank as a leading life sciences nation in the European Union. The one-stop shop and industrial park for life sciences was signed by the government authority, with a plan of up to five industrial parks to be inaugurated, dedicated to production companies.

This was expected to streamline the regulatory approval for Pharma manufacturers overseas and in Denmark, as per the global standards. The Export Growth Target and Government Strategy have introduced formal government targets to increase the pharmaceutical exports. The Trade Council Global Healthcare Team’s support was accepted by the management authorities to help the foreign regulatory landscape navigate their strategies for ranking as per the global demand.

THE TOPMOST VARIANT OF PHARMACEUTICALS EXPORTED FROM DENMARK IN 2024

The globally rising aged population demands diversity of pharmaceuticals from different industrial sectors. The pre-recovery rate from the COVID pandemic calls for healthcare solutions towards hazardous disease. According to the Denmark Export Data, the top 10 exported variants of pharmaceuticals from the nation in 2024 are,

  1. Ozempic — The export trade value of Ozempic from Denmark in 2024–13 billion US dollars
  2. Wegovy- The export trade value of Wegovy from Denmark in 2024–9.87 billion US dollars
  3. Victoza- The export trade value of Victoza from Denmark in 2024–8.65 billion US dollars
  4. Rybelsus- The export trade value of Rybelsus from Denmark in 2024–7.19 billion US dollars
  5. Levemir- The export trade value of Levemir from Denmark in 2024–6.54 billion US dollars
  6. Tresiba- The export trade value of Tresiba from Denmark in 2024–5.24 billion US dollars
  7. Novo rapid- The export trade value of Novo rapid from Denmark in 2024–4.78 billion US dollars
  8. Fiasp — The export trade value of Fiasp from Denmark in 2024–3.28 billion US dollars
  9. Trintellix- The export trade value of Trintellix from Denmark in 2024–2.11 billion US dollars
  10. Fucidin- The export trade value of Fucidin from Denmark in 2024–1.87 billion US dollars

THE LEADING TRADE PARTNERS OF DENMARK FOR PHARMACEUTICALS IN 2024

The country, with its increasing supply of pharmaceuticals, as per the global standards, has maintained a stronger bilateral relationship with its leading trade partners. As per the Denmark Customs Data, the top 10 export trade partners of the nation for pharmaceuticals in 2024 are,

  1. Germany — The total valuation of pharmaceuticals exported from Denmark to Germany in 2024–12.87 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Metformin

2. Sitagliptin

3. Vildagliptin

4. Linagliptin

5. Empagliflozin

2. Sweden- The total valuation of pharmaceuticals exported from Denmark to Sweden in 2024–9.19 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Cefuroxime

2. Cefixime

3. Meropenem

4. Imipenem

5. Piperacillin-Tazobactam

3. Netherlands- The total valuation of pharmaceuticals exported from Denmark to the Netherlands in 2024–8.42 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Hydrochlorothiazide

2. Furosemide

3. Spironolactone

4. Clopidogrel

5. Warfarin

4. United States — The total valuation of pharmaceuticals exported from Denmark to the United States in 2024–7.24 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Valsartan

2. Lisinopril

3. Ramipril

4. Enalapril

5. Metoprolol

5. Norway- The total valuation of pharmaceuticals exported from Denmark to Norway in 2024–6.45 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Ciprofloxacin

2. Levofloxacin

3. Moxifloxacin

4. Doxycycline

5. Tetracycline

  1. United Kingdom — The total valuation of pharmaceuticals exported from Denmark to the United Kingdom in 2024–5.21 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Furosemide

2. Spironolactone

3. Clopidogrel

4. Warfarin

5. Apixaban

7. Poland- The total valuation of pharmaceuticals exported from Denmark to Poland in 2024–4.67 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Meropenem

2. Cepixim

3. Amoxicillin

4. Cefruoxime

5. Ciprofloxacin

8. France — The total valuation of pharmaceuticals exported from Denmark to France in 2024–3.21 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Amoxicillin

2. Ampicillin

3. Azithromycin

4. Clarithromycin

5. Ceftriaxone

9. China — The total valuation of pharmaceuticals exported from Denmark to China in 2024–2.19 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Ramipril

2. Enalapril

3. Metroprolol

4. Bisoprolol

5. Carvedeliol

10. Italy- The total valuation of pharmaceuticals exported from Denmark to Italy in 2024–1.87 billion US dollars

Top 5 variants of pharmaceuticals exported

1. Amlodipine

2. Losartan

3. Valsartan

4. Lisinopril

5. Atenolol

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