Danish pharmaceutical exports are booming  

2003.03.19
Pharmaceutical exports totalled DKK 30.3 billion in 2002, an increase of approximately DKK 2 billion on 2001

The Danish Association of the Pharmaceutical Industry (LIF) has published data for 2002 showing a boom in pharmaceutical exports. Sales totalled DKK 30.3 billion (USD 4.3 billion), an increase of approximately DKK 2 billion (USD 286 million) compared with 2001. Over the last 12 years Danish medical exports have increased 4-fold compared to a 2-fold increase in total exports during the same period. The medical industry’s contribution to total Danish exports in 2002 amounted to 7%.

 

The most important export markets are the US, Germany, UK, France and Sweden. Measured on both volume and growth rates the US is by far the most significant market, exports amounting to DKK 4.225 billion (USD 604 million) in 2002, an increase of almost DKK 1 billion compared with 2001. According to LIF the export numbers furnish concrete proof that Denmark is steadily developing its position as a knowledge society financed by research-based exports. The news is reported by daily newspaper Berlingske Tidende.

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