According to reporting from Antara News, Indonesia’s Trade Ministry recorded transactions amounting to USD 13.16-million at the Arab Health Medical Equipment Exhibition held from January 29 to February 1, at the Dubai World Trade Center (DWTC), the United Arab Emirates (UAE).
The Ministry’s Director General of National Export Development, Didi Sumedi, said in a statement from his office on Tuesday (6/2/24,) that this figure was an increase of 43.83-percent when compared to transaction achievements in 2023.
He explained that the transactions comprised a potential value of USD 12.08-million and the signing of a trade contract worth USD 1.07-million with Qatar, the UAE, Bahrain, Ethiopia, and Oman, along with the procurement of hospital furniture products worth USD 825,000 with the Czech Republic, according to Antara News.
Sumedi outlined that most buyers were interested in medical equipment, such as syringes, sphygmomanometers and stethoscopes, hospital equipment, ceraspon, hemostatic sponges, and infusion pumps, adding that the biggest buyers came from Mauritius, Morocco, the UAE, India, and Saudi Arabia, he added.
Sumedi said Indonesia’s participation in the Arab Health Exhibition is an effort to capture opportunities for global demand for medical equipment, adding that “the promotion of Indonesian medical equipment at the 2024 Arab Health Exhibition in Dubai is an effort to respond to trends in the world market demand for medical devices,” says Antara News.
Over the last five years, Indonesian medical equipment products have clocked positive growth of 4.56-percent per year. In 2023, the Indonesian medical equipment industry had grown by 6.83-percent, Sumedi said.
In 2022, Indonesia’s export performance of medical equipment in the global market also showed positive growth, of 9.27-percent when compared to 2021, reports Antara News.
According to Sumedi, the global market opportunity for global medical equipment, including hospital furniture, is quite promising. This is because global medical equipment revenue is projected to grow by 5.70-percent on average per year during the 2024 to 2028 period, while global healthcare furniture revenue in the next eight years from 2024 to 2032 is projected to grow by 4.8-percent per year, he remarked.
Sumedi said his side continued to encourage increased exports of Indonesian products to trade partner countries through various efforts, such as trade promotions, trade missions, business matching, export market information, and the use of trade agreements, including to the UAE, through the Indonesia-United Arab Emirates Comprehensive Economic Partnership Agreement (I-UAE CEPA), report Antara News, using Dubai as a hub for trade in the Middle East, North Africa, Europe, and South Asia regions.
Source: Antara News
Stock image by RDNE Stock project on Pexels
The post Indonesia Achieves Record Transactions at Health Exhibition appeared first on Invest Indonesia.
