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  • Tariff impact inevitable for biodrugs¡¯ export to the US
  • by Cha, Jihyun | translator Alice Kang | Aug 12, 2025 06:16am
US biopharmaceutical exports amount to KRW 850 billion last year
2024 biopharmaceutical exports to the US up 103% year-on-year... North America's share rises from 14.7% to 19.4%
Trump administration threatens tariffs of up to 250% on pharmaceutical products, domestic companies scramble to respond
Exports of domestically produced biopharmaceuticals to the US more than doubled last year compared to the previous year. If the Trump administration's tariffs on pharmaceuticals are implemented, the domestic biopharmaceutical export industry is expected to suffer significant damage.

According to the ¡°Key Data on the Domestic Biopharmaceutical Industry 2025¡± published by the Korea Biomedicine Industry Association (KoBIA, President: Jeong-seok Lee) on the 11th, last year's exports of domestically produced biopharmaceuticals to the United States reached USD 686.7 million (approximately KRW 845.9 billion). This represents a 103% increase from the previous year's USD 300.72 million (approximately KRW 417.8 billion).

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