Finland's pharma exports rise 4% in first part of 2015

Among the Finnish chemical industry, the pharmaceutical industry was the exports growth driver sector as shown by the financial review published by the Chemical Industry Federation this month.

Between January and August, medicine exports grew by 4% compared with the same period in the preceding year, according to a web posting by the trade group Pharma Industry Finland (PIF).

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 euros ($692 million), representing about 10% of the aggregate chemical industry exports. The annual added value generated by the pharmaceutical industry has grown to 1.3 billion euros, which represents almost 30% of the total valued added of the chemical industry.