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In 2021, Argentinean laboratory Roemmers held the top spot in the country's pharmaceutical industry in terms of sales revenue, with a value of roughly *** million U.S. dollars. Elea Phoenix, another domestic lab, came in second with a sales turnover of approximately *** million U.S. dollars, while the French pharmaceutical company Sanofi Aventis registered sales in Argentina worth around *** million U.S. dollars.

The pharmaceutical industry in Argentina

In 2021, sales of the Argentinean pharmaceutical industry amounted to approximately * U.S. dollars, marking a growth of roughly ** percent compared to the previous year. During that period, the industry provided direct employment to roughly ** thousand people and indirectly created job opportunities for around *** thousand workers. Simultaneously, the number of pharmaceutical facilities in the country totaled *** units.

International trade

Between 2014 and 2021, Argentinean imports of pharmaceutical products exceeded the country's exports by at least *** billion U.S. dollars, with the trade deficit of these goods reaching approximately **** billion U.S. dollars in 2021. By the end of that period, the United States and China were the leading countries of origin for pharmaceutical products imported into Argentina, with roughly *** million and *** million U.S. dollars, respectively.