Pharmaceutical industry exports up four per cent during first part of 2015

Lääketeollisuus ry

Among the Finnish chemical industry, the pharmaceutical industry was the exports growth sector as shown by the financial review published by the Chemical Industry Federation on 19 November 2015.

Between January and August, medicine exports grew by four per cent compared with the same period in the preceding year.

The pharmaceutical industry accounts for a larger proportional share due to both its own growth in terms of euro and the decrease in the export of other chemical industry product sectors. In the first part of the year, the pharmaceutical industry exports rose to over 650 million euro, representing about ten per cent of the aggregate chemical industry exports.The annual added value generated by the pharmaceutical industry has grown to 1.3 billion euro which represents almost 30 per cent of the total valued added of the chemical industry.

The reason for the significant decrease in the aggregate net sales and exports of the chemical industry in the beginning of 2015 was the drop in the oil product prices, further aggravated by a large service stoppage.However, the volume of production remained at the previous year’s level, investments are expected to grow and profitability is estimated to improve somewhat from the previous year. Economic recovery estimates remain prudent.

The press release on the Chemical Industry Federation’s economic review 

23. Nov 2015