Industry brings in big bucks
August 6, 2010
PHARMACEUTICAL and
medicinal exports in Australia for
2009-10 tallied to $4.12 billion, up
two percent year on year, according
to the latest statistics released by
the Australian Bureau of Statistics.
Responding to the June quarter
results, Medicines Australia has
said that the figures confirm the
pharmaceutical industry as
“Australia’s most valuable hitechnology
exporter” and highlight
“the significant contribution
Australia’s medicines industry is
making to the economy.
“The industry has continued to
export more goods around the
world than any other hi-tech
industries, including the car
industry, the wine industry and
scientific and medical equipment,”
said Medicines Australia chief
executive Dr Brendan Shaw.
“Australia’s overall exports fell 11
per cent in the 12 months to June
2010 compared with the previous
year,” Shaw added.
“Pharmaceuticals were one of the
very few manufacturing industries
to have actually posted a growth in
a very challenging global market.
Most other manufactured exports
declined during this time,” he said.
Currently employing around
14,000 Aussies and having grown
800% over the last twenty years, the
medicines industry in Australia,
according to Medicines Australia, is
an “unsung hero”.
“It is precisely these sorts of
results that show why business
certainty and a predictable policy
environment are so important to
the Australian medicines industry,”
Shaw concluded.
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