Egypt's exports of medicines and medical industries fell 13% in the first half of 2020 The Export Council for Medical Industries announced that the se

Egypt's exports of medicines and medical industries fell 13% in the first half of 2020


The Export Council for Medical Industries announced that the sector's exports of medicines and medical industries declined by 12.7% during the first half of this year, recording $ 233 million, compared to about $ 267 million in the first half of 2019.

The monthly report issued by the Export Council, issued on Monday, indicated that the sector's exports witnessed a slight improvement during last June, recording a value of $ 46 million compared to $ 45 million in June 2019, a growth of 2.2%.

15% decline in exports of the medical industry in the second quarter
According to the report, exports of the medical industries declined by 10.2% during the first quarter of 2020, to record 123 million dollars, compared to 137 million dollars in the same quarter of last year, and also in the second quarter, by 15.4% to 110 million dollars compared to 130 million dollars.
23% decrease in pharmaceutical exports within 6 months

And pharmaceutical exports decreased during the first 6 months of 2020 by 23.3% to record $ 79 million compared to $ 103 million in the same period of 2019, as it fell during last June by 6.7% to reach $ 15 million compared to $ 18 million in June 2019.

Medical supplies exports fell by about 7.4% during the period from "January - June 2020" to $ 50 million compared to $ 54 million in the same period of 2019, while last June it increased to $ 11 million compared to $ 9 million during June 2019 with growth 22.2%.

Cosmetics exports decreased during the first half of 2020 by 4.6% to $ 104 million compared to $ 109 million in the first half of 2019, while in June, they increased by 11.1% to $ 20 million against $ 18 million.

Organizing virtual missions to increase exports
On the other hand, the Export Council for Medical Industries announced that within the framework of its strategy to increase exports of the sector, virtual missions will be organized and participation in electronic exhibitions.
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