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Coronavirus: German pharma industry defies crisis

Exports up 14.3% in Spring

21 July, 13:28
(ANSA) - BELGRADE, 21 LUG - The pharmaceutical industry in Germany managed to defy the coronavirus crisis and to increase exports between March and May 2020, according to new data made public by the German federal statistical office Destatis today.

From March to May 2020, the value of exports of pharmaceutical products increased by 14.3% to 22.1 billion euros compared with the same period of 2019. Between March and May 2019, the export value was 19.3 billion euros, Destatis said, noting that the "pharmaceutical industry is one of the few branches which recorded large increases in exports at the beginning of the corona crisis." In March, exports of pharmaceutical products from Germany even reached a record monthly high since these statistics began, increasing by 27.8% to 8.2 billion euros compared with the same month a year earlier, the German statistical office added. (ANSA).

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