EU Pharmaceutical Exports Support Record 926,000 Jobs

Remarkable Growth In Employment

Exports of pharmaceutical products from the European Union to non-EU markets supported 926,000 jobs in 2023, marking a record level. This corresponds to 4.3 per mille of total employment across the EU and reflects the sector’s role in the broader economic structure.

Direct And Indirect Economic Impact

Within this total, the core pharmaceutical sector accounted for 325,000 jobs. An additional 601,000 positions were supported across related industries, indicating the extent of indirect employment linked to export activity and supply chains.

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A Steady Climb Since 2010

Since 2010, the number of jobs tied to pharmaceutical exports has consistently increased from 504,000 to the current record. During this period, employment related to these exports nearly doubled, with the workforce share growing from 2.6 to 4.3 per mille.

Role Of Key Trade Partners

Trade with the United States emerged as the most significant factor, supporting 275,000 EU jobs in 2023. Switzerland and China followed closely, sustaining 104,000 and 103,000 jobs respectively. The United Kingdom and Japan also remained significant partners, supporting 51,000 and 42,000 jobs.

Long-Term Trends By Market

Since 2010, employment growth has been concentrated among several major trading partners. The United States accounted for an increase of 147,000 jobs, followed by China with 91,000 and Switzerland with an additional 38,000 jobs over the same period.

Conclusion

The data illustrate how pharmaceutical exports contribute to employment across both core and related sectors. They also show how trade with key global markets continues to shape job creation within the European Union.

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Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

by THEFUTURE.TEAM

September 18, 2026

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

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Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

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