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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.
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.
