Biological Product Market - U.S. Biological Product Export Value Rockets, But Imports Remain Strong

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The U.S. ranks fourth globally in exports on the biological product market with a 12% share (based on USD), following Switzerland (21%), Germany (18%), and Belgium (13%). The U.S. exported 17,378 million USD in 2015, which was 20% over the previous year's value.

U.S. biological product exports showed strong fluctuations over the period under review. There was no recessionary slump; moreover, exports reached local peaks in 2009 and 2010. After the plunge of 2011, the value of exports grew steadily through to 2015, with a rocketing acceleration over the last two years.

As U.S. companies posted solid gains on overseas markets, domestic manufacturers enjoyed a new growth driver.

The Netherlands (15%), Belgium (15%), Germany (8%), and Switzerland (7%) were the main destinations of U.S. biological product exports in 2015. The share exported to Belgium increased (+9 percentage points), while the share sent to Germany shrank dramatically (-23 percentage points) from 2007 to 2015. The shares of the other major destinations remained relatively stable throughout the analysed period.

From 2007 to 2010, the U.S. was a net exporter of biological products, but that surplus turned into a significant trade deficit over the two years that followed. Starting in 2013, net exports regained their strength. However, this resulted only in a relatively small trade surplus of 671 million USD in 2015.

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Source: U.S. Biological Products (Except Diagnostic) Market. Analysis And Forecast to 2020