Mexico's inflation exceeds expectations in 1st half of April    Egypt's gold prices slightly down on Wednesday    Tesla to incur $350m in layoff expenses in Q2    GAFI empowers entrepreneurs, startups in collaboration with African Development Bank    Egyptian exporters advocate for two-year tax exemption    Egyptian Prime Minister follows up on efforts to increase strategic reserves of essential commodities    Italy hits Amazon with a €10m fine over anti-competitive practices    Environment Ministry, Haretna Foundation sign protocol for sustainable development    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    EU pledges €3.5b for oceans, environment    Egypt forms supreme committee to revive historic Ahl Al-Bayt Trail    Debt swaps could unlock $100b for climate action    Acts of goodness: Transforming companies, people, communities    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egypt starts construction of groundwater drinking water stations in South Sudan    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    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.