Export growth increasingly depends on pharmaceuticals

Export growth increasingly depends on pharmaceuticals

Swiss exports hit a record CHF210 billion ($211 billion) last year and the pharmaceutical sector was one of the big drivers. However, this tremendous growth is largely down to higher prices for medicines, a trend that has been criticized by some circles.

While watchmakers, the machine-tool industry and tourism officials continue to struggle, the Swiss pharma industry appears to be leading the way, seemingly unaffected by the strong Swiss franc and global economic turbulence.

Despite a slowdown last year, the 250 pharma businesses that make up the sector in Switzerland boasted record figures, exporting over CHF80 billion worth of drugs and other products – a 15% increase compared to the previous year.

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