Puerto Rico to see year-on-year life sciences exports growth of 24 per cent

The Puerto Rico Life Sciences Air Cargo Community, working with Rotate, developers of the Community’s data dashboard, is predicting year-on-year growth of 24 per cent in life sciences exports over the next three years.

The Community’s temperature-controlled exports are predicted to increase annually by 30 per cent for the next three years, with a further 14 per cent annual increase predicted in the export of medical devices.

The statistics are drawn from a report by Boston Consulting Group and from the Community’s data dashboard, which aggregates data sources such as air cargo imports and exports, and air trade demand between Puerto Rico and the U.S.

Rotate is an air cargo consulting, data, and software specialist, and has worked with the Community to provide its members with valuable insights into the Puerto Rican air cargo market.

“Since its inception in 2023, the Puerto Rico Life Sciences Air Cargo Community has been driving quality, spearheading training initiatives, and hosting conferences, such as our Community Meeting, to foster collaboration between members,” said Jonas van Stekelenburg, Advisor, Departamento de Desarrollo Económico y Comercio (DDEC).

“These findings are a testament to the Community’s progress, the tremendous work and dedication of its members, and a true indication of the potential for growth throughout our pharma operations.”

Rotate presented its findings during a presentation at the Community’s meeting in February, which was held at Luis Muños Marin International Airport (SJU) with delegates from over 40 companies.