The European Union posted a 7% decline in high-tech product sales in 2020 to stand at €311 billion ($354.5 billion), the bloc's statistical department said on Tuesday, APA reports citing AA.
Despite this decrease, sold production of these products had been rising since 2010, with an average annual increase of 2.9%, according to Eurostat.
Among high-tech products sold by EU countries in 2020, the pharmacy sector took the lion's share with €97 billion ($110.6 billion).
"Between 2010 and 2020, pharmacy recorded the highest average annual growth rate for production of high-tech products (+11.7%)," it stressed.
Electronics telecommunications, scientific instruments, aerospace, computers and office machines, chemistry, non-electrical machinery, electrical machinery, and armament followed the pharmacy sector.
"In contrast, the production of high-tech products fell in chemistry (-0.6%), computers and office machines (-0.7%), electronics-telecommunications (-1.3%) and non-electrical machinery (-3.1%)," it added.
Last year, euro/US dollar exchange rate was 1.14 on average.
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