Exports In 2023, Australia exported $2.65B in Pharmaceutical products, making it the 26th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 16th most exported product in Australia. The main destination of Pharmaceutical products exports from Australia are: United States ($1.17B), New Zealand ($279M), China ($234M), Germany ($102M), and United Kingdom ($93M).
The fastest growing export markets for Pharmaceutical products of Australia between 2022 and 2023 were United States ($202M), South Korea ($24.9M), and United Arab Emirates ($18.4M).
Imports In 2023, Australia imported $11B in Pharmaceutical products, becoming the 16th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 5th most imported product in Australia. Australia imports Pharmaceutical products primarily from: United States ($2.46B), Germany ($1.56B), Belgium ($939M), Switzerland ($827M), and Ireland ($800M).
The fastest growing import markets in Pharmaceutical products for Australia between 2022 and 2023 were Denmark ($136M), Belgium ($89.6M), and Slovenia ($36.4M).