Exports In 2022, Australia exported $2.63B 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 ($949M), New Zealand ($310M), China ($288M), Vietnam ($99.7M), and Germany ($82.1M).
The fastest growing export markets for Pharmaceutical products of Australia between 2021 and 2022 were United States ($141M), New Zealand ($64.8M), and Vietnam ($46M).
Imports In 2022, Australia imported $12.4B in Pharmaceutical products, becoming the 14th 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 ($2.28B), Germany ($2.09B), Ireland ($1.26B), Switzerland ($1B), and Belgium ($754M).
The fastest growing import markets in Pharmaceutical products for Australia between 2021 and 2022 were United States ($546M), Ireland ($457M), and Germany ($420M).