Egypt’s exports of medical and pharmaceutical industries increased by 14% to register $530 million in 2023, compared to $467 million in the same period in 2022.
In a statement on Saturday 15/07/2023, the head of the Egyptian Exporting Council of Medical Industries (ECMI) Maged George said that the Council seeks to increase exports 30% annually in accordance with a specific and clear action plan.
The move is part of the Egyptian State’s plans to up and develop the exports to $100 billion, he added.
Egypt’s medicine and pharmaceutical exports have witnessed a remarkable increase over the past three years, said George.
Asked about export goals during 2023, George said that the ECMI aims to increase the sector’s exports by not less than 30 percent.
George said the Council is focusing on the African market in particular, saying it is significant to find urgent solutions to some challenges in the African market.
Source: State Information Service Egypt