Biopharmaceutical exports on track to hit record $4.5B in H1

Korea's exports of biopharmaceutical products are expected to post the highest level on record in the first quarter this year, government data showed Wednesday.

The estimate for outbound shipments in the first six months of the year was $4.5 billion, up 15.3 percent, according to the Ministry of Food and Drug Safety.

They accounted for 86.5 percent of the $5.2 billion in all pharmaceutical exports in the first half.

Biopharmaceutical exports have risen from $4.9 billion in 2023 to $7.6 billion in 2025. Should the trend continue, the ministry expects this year to post the highest amount of exports on record.

Korean-produced biopharmaceuticals were exported to a total of 163 countries as of June, with exports to Switzerland the highest at $770 million.

The United States followed next with $610 million, and Hungary with $600 million. France was included among the top 10 export countries for the first time in the first half, with outbound shipments recording $160 million.

By product type, exports of recombinant protein drugs were the highest at $3.97 billion, followed by toxins and antitoxins at $280 million, and vaccines at $120 million.

The ministry said it will make efforts so that the bio industry can carry on its export momentum in the second half of the year through regulatory innovation, information sharing and active trade talks with major importers.

Yonhap