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Medicine exports up 27% in Q1

Export of medications from Israel totals $1.2 billion in first quarter of 2009, IEICI reports

The global financial crisis is skipping over Israeli exports in the life sciences field, which is one of the only industries whose export volumes have not been affected by the crisis, as in the case of security-related exports.


According to data released last week by the Israel Export and International Cooperation Institute (IEICI), the life sciences industry – which includes the pharmaceutics and medical equipment fields – recorded a 7% rise in exports in the first quarter of 2009, to a level of $1.5 billion.


The contribution to the rise in exports was provided by the State of Israel's exports of medications, which rose by 27% in the first quarter of 2009 to a level of $1.2 billion, while the medical equipment field saw a 25% drop in exports to $316 million.


According to IEICI economists who conducted the review ahead of the 2009 ILSI-Biomed Israel conference, 2009 is expected to see an ongoing moderate growth of 2-3% in exports in the life sciences field, totaling $6.7 billion. The rise is mainly the result of the ongoing growth in pharmaceutical exports.


The life sciences field in Israel is considered a centralistic field in terms of its activity structure. Israel has 280 exporting companies in this industry, but only 33 of them export for more than $10 million, 53 export for $2-10 million, and the rest export at smaller volumes.


פרסום ראשון: 06.24.09, 09:07
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