Pharmaceutical Export of Croatia: The Trade Dynamics of 2024

Croatia based in southeastern Europe, sharing borders with Slovenia, Hungary, and Serbia, has been a crucial pharmaceutical exporter in the global trade market. The country has been making severe investments in the pharmaceutical production, which has recorded a 10.9% increase in 2024 over the previous year. Croatia Import Data says that the trade statistics of Croatia import data have reported that the pharmaceuticals account for 4.73% of the country’s total merchandise exports. Medicaments followed by immunological products hold an annual revenue share of 59.29% in the total pharmaceutical exports.

The collaboration of the country with well-established pharmaceutical manufacturers like PLIVA and TEVA Pharmaceuticals has contributed to a growth rate in the production units, facilitating the generation of export revenue. The growing focus of the government authorities on the medications and immunoproduct exports for maintaining consistency with the globally growing demand has resulted in an export trade value of pharmaceuticals worth 489 million US dollars in 2024. The major corporate investments, like the EUR 100 million production facility launched by Pfizer, have been pivotal for the revenue rate. Subscribe to Import Globals, a leading import-export trade provider, to stay updated with the latest valuation of pharmaceuticals exported from Croatia via the Croatia trade data.

POLICY REFORMS SUPPORTING THE EXPORT OF PHARMACEUTICALS FROM CROATIA IN 2024

The Act on Investment Promotion via the Government Authorities for a Comprehensive Law Offering Tax Credits has indulged the pharmaceutical firms to invest in new facilities, reducing the upfront costs and increasing the competitiveness in the global export market by investment incentives via Invest Croatia, administered by the Ministry of Economy, has reduced the burden of tax on profits, it has offset the labor cost while increasing the sustainability of the export operations.

The additional regional benefits like the cash grants up to million dollars for entrepreneurs and subsidized loans at maximum 2% interest, has promoted the Pharma companies in expanding their global reach while reducing the operational cost and providing easier access to training and improved infrastructure, the HBOR and HAMAG-BICRO financial support has helped the authorities mitigate the financial risks while easing their access to affordable capital from pharmaceutical exporters, increasing the competitiveness of the international market.

THE LEADING VARIANTS OF PHARMACEUTICALS EXPORTED FROM CROATIA IN 2024

Croatia, with its investment in the pharmaceutical sector, has recorded a growth rate in the overall valuation of exports while maintaining stability with the globally growing demand. According to the Croatia Export Data, the top 10 leading variants of pharmaceuticals exported from the nation in 2024 are,

  • Azithromycin — The total valuation of Azithromycin exported from Croatia in 2024–135 million US dollars
  • Generic Sildenafil — The total valuation of Generic Sildenafil exported from Croatia in 2024–76 million US dollars
  • Insulin-containing medicaments– The total valuation of Insulin-containing medicaments exported from Croatia in 2024–62 million US dollars
  • Medicaments containing non-penicillin/streptomycin antibiotics– The total valuation of Medicaments containing non-penicillin/streptomycin antibiotics exported from Croatia in 2024–57 million US dollars
  • Corticosteroid hormone formulations — The total valuation of Corticosteroid hormone formulations exported from Croatia in 2024–48 million US dollars
  • Hormone-based (non-insulin) medicaments– The total valuation of Hormone-based (non-insulin) medicaments exported from Croatia in 2024–37 million US dollars
  • Immunological products — The total valuation of Immunological products exported from Croatia in 2024–29 million US dollars
  • API intermediates– The total valuation of API intermediates exported from Croatia in 2024–21 million US dollars
  • Generic formulations by local producers — The total valuation of Generic formulations by local producers exported from Croatia in 2024–18 million US dollars
  • Biopharmaceuticals — The total valuation of Biopharmaceuticals exported from Croatia in 2024–16 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF CROATIA IN 2024

The growing focus of the trade authorities on the efficient export of pharmaceuticals while maintaining stronger bilateral ties with the topmost trade partners has resulted in a significant growth rate in the overall revenue generation. According to the Croatia Customs Data, the top 10 export trade partners of the nation for pharmaceuticals exported in 2024 are,

  • Germany — The annual valuation of pharmaceuticals exported from Croatia to Germany in 2024–98 million US dollars

Top 5 variants of pharmaceuticals exported

1. Azithromycin

2. Amoxicillin

3. Ciprofloxacin

4. Paracetamol

5. Ibuprofen

  • Italy– The annual valuation of pharmaceuticals exported from Croatia to Italy in 2024–76 million US dollars

Top 5 variants of pharmaceuticals exported

1. Diclofenac

2. Metformin

3. Glimepiride

4. Insulin glargine

5. Insulin lispro

  • Bosnia and Herzegovina — The annual valuation of pharmaceuticals exported from Croatia to Bosnia and Herzegovina in 2024–65 million US dollars

Top 5 variants of pharmaceuticals exported

1. Omeprazole

2. Pantoprazole

3. Esomeprazole

4. Atorvastatin

5. Simvastatin

  • Slovenia — The annual valuation of pharmaceuticals exported from Croatia to Slovenia in 2024–48 million US dollars

Top 5 variants of pharmaceuticals exported

1. Rosuvastatin

2. Amlodipine

3. Losartan

4. Enalapril

5. Lisinopril

  • Serbia — The annual valuation of pharmaceuticals exported from Croatia to Serbia in 2024–37 million US dollars

Top 5 variants of pharmaceuticals exported

1. Metoprolol

2. Propranolol

3. Carvedilol

4. Hydrochlorothiazide

5. Furosemide

  • Hungary — The annual valuation of pharmaceuticals exported from Croatia to Hungary in 2024–29 million US dollars

Top 5 variants of pharmaceuticals exported

1. Spironolactone

2. Clopidogrel

3. Warfarin

4. Apixaban

5. Rivaroxaban

  • Austria– The annual valuation of pharmaceuticals exported from Croatia to Austria in 2024–28 million US dollars

Top 5 variants of pharmaceuticals exported

1. Heparin sodium

2. Aspirin (low dose)

3. Prednisolone

4. Dexamethasone

5. Hydrocortisone

  • United States — The annual valuation of pharmaceuticals exported from Croatia to the United States in 2024–27 million US dollars

Top 5 variants of pharmaceuticals exported

1. Betamethasone

2. Salbutamol

3. Formoterol

4. Budesonide

5. Fluticasone propionate

  • Slovakia — The annual valuation of pharmaceuticals exported from Croatia to Slovakia in 2024–22 million US dollars

Top 5 variants of pharmaceuticals exported

1. Montelukast

2. Cetirizine

3. Loratadine

4. Fexofenadine

5. Levocetirizine

  • France — The annual valuation of pharmaceuticals exported from Croatia to France in 2024–18 million US dollars

Top 5 variants of pharmaceuticals exported

1. Alprazolam

2. Lorazepam

3. Clonazepam

4. Sertraline

5. Escitalopram

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