Egypt’s Medical Exports Rise to $176 Million in the First Quarter of 2021

Egypt’s medical sector exports of “medicine, medical supplies, and cosmetics” recorded $176 million in the first quarter of 2021, according to a statement by the Export Council on Sunday.

The council announced that the sector’s exports during January 2021 recorded $59 million, compared to $32 million in January of last year, and February exports amounted to $59 million, compared to $44 million, and March exports amounted to $56 million, compared to $42 million.

The council indicated that pharmaceutical exports recorded a value of 17 million dollars in January 2021, compared to 14 million dollars, and 15 million dollars in February 2021, compared to 14 million dollars of the same month the previous year, and amounted to 23 million dollars in March of this year, compared to only 13 million dollars of the same month the previous year.

The council revealed that cosmetics exports amounted to $37 million in January 2021, compared to $12 million of the same month the previous year, and $38 million in February 2021, compared to $24 million in the same month of 2020, and amounted to $25 million in March of this year, compared to just $23 million of the same month the previous year.

The council also revealed that medical supplies exports in January 2021 recorded $5 million, compared to $6 million in 2020, and in February 2021, $7 million, compared to $7 million of the same month the previous year, and in March 2021, $9 million compared to $6 million in the previous year.

Dr. Maged George, Chairman of the Export Council for Medical Industries, said that the Council is determined to upgrade the sector’s exports during the coming period, in accordance with the government’s strategy to advance the export sector, upon great interest in this vital subject.

He pointed out that the African market is being focused on as it is a major window for Egyptian exports and can be expanded during the coming period, to meet the market’s needs for medical supplies and medicines.

George stressed on the importance of the Egyptian presence in the countries of the continent, and this is very clear in the export support program, which supports shipping to Africa.

The Chairman of the Council pointed out the importance of activating the system of mutual recognition between Egypt and Sudan in the field of medicine, with the aim of facilitating the entry of Egyptian medicine products to the Sudanese market, as part of the great governmental support in expanding towards Africa.

 

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