Egypt's current account gap narrows, but overall BoP records deficit    Egypt's PM reviews debt reduction strategy, eyes more private investment    Egypt hosts international neurosurgery conference to drive medical innovation    Egypt, India discuss expanding industrial, investment partnerships    World Bank proposes Egypt join new global health initiative    Egypt's EDA discusses Johnson & Johnson's plans to expand investment in local pharmaceutical sector    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt welcomes 25-nation statement urging end to Gaza war    Egypt, Senegal sign pharma MoU to unify regulatory standards    Egyptian pound ticks down in early Tuesday trading    Famine kills more Gaza children as Israel tightens siege amid global outrage    Kuwait's Crown Prince, Egyptian minister discuss strengthening cooperation    Egyptian Drug Authority discusses plans for joint pharmaceutical plant in Zambia    Egypt's FM seeks deeper economic, security ties on five-nation West Africa tour    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt, Somalia discuss closer environmental cooperation    Egypt exports 175K tons of food in one week    Giza Pyramids' interior lighting updated with new LED system    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, Uruguay eager to expand trade across key sectors    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.
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.