Egypt's CBE expects inflation to moderate in '24, significantly fall in H1-25    Egypt to host 3rd Africa Health ExCon from 3-6 June    Poverty reaches 44% in Lebanon – World Bank    Eurozone growth hits year high amid recovery    US set to pour fresh investments in Kenya    Taiwanese Apple,Nvidia supplier forecasts 10% revenue growth    EFG Holding revenue surges 92% to EGP 8.6bn in Q1 2024, unveils share buyback program    Egyptian military prepared for all threats, upholds national security: Defence Minister    Philip Morris International acquires 14.7% stake in Egypt's largest cigarette maker Eastern Company    Gold prices slide 0.3% on Thursday    US Biogen agrees to acquire HI-Bio for $1.8b    Body of Iranian President Raisi returns to Tehran amidst national mourning    Egypt secures $38.8bn in development financing over four years    Palestinian resistance movements fight back against Israeli occupation in Gaza    President Al-Sisi reaffirms Egypt's dedication to peace in Gaza    Egypt to build 58 hospitals by '25    Egypt's Health Minister monitors progress of national dialysis system automation project    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Madinaty to host "Fly Over Madinaty" skydiving event    Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Engineering exports increase 43% to $2.28bn in 9M2021: Engineering Export Council of Egypt
EECE monthly report revealed that exports recorded an increase of 35% in September to reach $320.6m compared to $237.8m in September 2020.
Daily News Egypt Published in Daily News Egypt on 27 - 10 - 2021

The Engineering Export Council Of Egypt (EECE) announced that the sector's exports increased by 43% from January 2021 until the end of September, reaching $2.284bn compared to $1.595bn during the same period in 2020.
EECE monthly report revealed that exports recorded an increase of 35% in September to reach $320.6m compared to $237.8m in September 2020.
The report indicated that cables exports witnessed the highest rise in the first 9 months of 2021, as they increased by 100%. It was followed by household appliances which increased by 59%, automobile components increased by 54%, electronics rose 47%, and electrical appliances by 20%.
Europe witnessed the largest increase in exports of Egyptian engineering products, as they have increased to the United Kingdom, Turkey, Slovakia, France, Germany, Spain, and Greece. While in Asia, exports to the UAE, Saudi Arabia, Iraq, Jordan, Kuwait, Lebanon, and China also witnessed an increase. In Africa, the increase was in exports to Morocco, Libya, Sudan, Kenya, Nigeria, and Tunisia.
Mai Helmy, Executive Director of the Engineering Export Council Of Egypt, attributed the increase to the continued good performance of the manufacturing sector in Egypt. She added that the continuing crisis of shipping from China also gave Egyptian products a competitive advantage especially for Arab markets and some African and European markets.
Helmy added that the engineering industries in Egypt are witnessing a clear development during the last period, despite the continuing repercussions of the coronavirus. She pointed out that the EECE continues its activities in support of engineering exports, whether through direct exhibitions or promotional missions abroad.
She pointed out the need for joint work between the government and exporting factories to promote national exports and solve any obstacles facing local production.
Helmy stressed the importance of activating all laws and legislation that would increase the competitiveness of the local industry and increase its popularity in international markets.

Clic here to read the story from its source.