Egypt’s Medical Industries Exports Surge to $130 million in Q1

The Egyptian Export Council for Medical Industries reported $130 million in exports during the first quarter of 2014, a 5% growth year-on-year, chairman Awad Gabr announced.

In Q1/2013, the council registered around $123 million in exports.

The council’s strategy for the current year aims for expanding into more markets, notably the Arab world, Europe and Asia, the Egyptian official noted.

Moreover, Awad said the council’s exports include three products, namely the pharmaceuticals, cosmetics and medical devices. For the pharmaceuticals devices, the exports reached around $66 million.

In addition, the cosmetics sector registered approximately $48 million in exports; whereas the value of medical devices sector’s exports hit $16 million.