Egypt’s exports of medical industries rise 14 % in 5 months

Egypt’s exports of medical and pharmaceutical industries increased 14 percent in May 2018, recording $41 million, compared to $35 million in the same month of 2017.

From January to May, the medical and pharmaceutical exports amounted to $191 million, compared to $180 million in the same months of 2017, with an increase of 6 percent.

This came in the monthly report of the Export Council of Medical and Pharmaceutical Industries, headed by Maged George.

On a different note, the Chemicals & Fertilizers Export Council (CEC) announced earlier that Egypt’s chemical exports dropped 9 percent to $376 million in May 2018, compared to $415 million in the same month of 2017.

While generally the non-petroleum exports recorded $10.7 billion during the first five months of 2018, according to Head of the General Organization for Export and Import Control Ismail Gaber.

Gaber added that exports in May reached $2.07 billion, in which $1.58 billion went for non-oil and non-manufacturing exports and $489 million for food exports.

Egypt’s exports witnessed a recovery during the last period after the flotation of the Egyptian currency, the activation trade agreements, and the application of the 2020 strategy.