China encourages Egyptian firms to participate in CIIE 2024    After 200 days of war, our resolve stands unyielding, akin to might of mountains: Abu Ubaida    US business activity drops in April    Egypt's FRA subsidiaries provide EGP 69.5b in Jan '24    Swiss freeze on Russian assets dwindles to $6.36b in '23    World Bank pauses $150m funding for Tanzanian tourism project    China's '40 coal cutback falls short, threatens climate    European stocks reach week-high levels    China obtains banned Nvidia AI chips through resellers    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Russia to focus on multipolar world, business dialogues with key partners at SPIEF 2024    Ministers of Health, Education launch 'Partnership for Healthy Cities' initiative in schools    Egypt explores new Chinese investment opportunities for New Alamein's planned free zone    Amstone Egypt unveils groundbreaking "Hydra B5" Patrol Boat, bolstering domestic defence production    Egyptian President and Spanish PM discuss Middle East tensions, bilateral relations in phone call    Climate change risks 70% of global workforce – ILO    Health Ministry, EADP establish cooperation protocol for African initiatives    Health Ministry collaborates with ECS to boost medical tourism, global outreach    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.



Chemical industries account for 22% of Egypt's exports, with 43% growth
Published in Daily News Egypt on 04 - 01 - 2022

Khaled Abu Al-Makarem, the Chairperson of the Chemical and Fertilizers Export Council, said that Egypt's chemical industries occupied the first place among Egyptian exports, amounting to about 22% of Egypt's total non-oil exports.
Abu Al-Makarem added that chemical and fertiliser industry exports also achieved a growth rate of 43% in 2021, recording $6.6bn, up from the $4.165bn achieved during the same period in 2020.
He explained that European Union countries accounted for the largest share of the sector's exports at 29% of the total exports, followed by Asian and Arab countries with 21% each.
The chemical industry's exports topped those of the plastics and rubber industry by about $2.4bn; with fertilisers, chemicals, detergents, paints, and glass products bringing in about $2.2bn, $973m, $256m, $235m and $205m, respectively.
As for the largest importing markets for the sector's products, Turkey topped the list in 2021 with a value of about $1bn, followed by Italy with a value of about $450m, then Argentina with about $380m. In terms of countries with chemical exports entering new markets, Romania brought in $130m and Algeria gained $100m.
Abu Al-Makarem revealed that the council, through its 2022-2025 strategy, aims to achieve a growth rate of up to 20% annually as a minimum, and to achieve an export value of more than $10bn minimum for the chemicals sector.
He elaborated that the council's marketing plan depends on many mechanisms, namely entering new markets — especially African markets — through missions and trade weeks, specialised international exhibitions, homogeneous exhibitions with a homogeneous display structure, and buyers' missions.
It also relies on business networking between Egyptian exporters and importers from different countries through visits prepared by the council for the target customers of Egyptian companies or by receiving them on the side-lines of internal exhibitions, or through Zoom meetings.


Clic here to read the story from its source.