JHMH - Has Pharmaceutical Goods Trade Changed Due To COVID-19?

• During COVID-19 pandemics trade in pharmaceutical products significantly increased despite a considerable drop in international trade as a whole.
• World exports of pharmaceuticals are geographically concentrated, which can be attributed to the spatial distribution of the largest pharmaceutical companies. From this perspective, key players on the market are Germany and Switzerland.
• In line with Global Trade Analytics Suite (GTAS) Forecasting data, we expect the growth of pharmaceutical trade to slow down after the 2020-2021 period and stabilize with the CAGR equal to 2.5% over 2022-2035.

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