SCZONE showcases investment opportunities to eight Japanese companies    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    Egypt's PM meets Tokyo governor, witnesses signing of education agreements    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Egypt's Sisi, France's Macron discuss Gaza ceasefire efforts in phone call    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Indian tourist arrivals to Egypt jump 18.8% in H1-2025: ministry data    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    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    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    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.



Egypt's engineering industries, garment exports surge in January 2024
Published in Daily News Egypt on 04 - 03 - 2024

The Engineering Export Council of Egypt announced that the exports of engineering industries increased by 25.4% in January 2024, reaching $348m, compared to $277.7m in January 2023.
The council stated that the most prominent sectors that saw an increase in exports in January 2024 compared to January 2023 were cables, which achieved a growth of 69%, automotive components, which increased by 46.6%, and home appliances, which increased by 3.1%. Meanwhile, the exports of electrical and electronic industries increased by 3.2%, and the exports of means of transportation surged by 252.8%.
The council also reported that the most important markets for engineering exports in January 2024 were in Europe, Asia, and Africa, as well as other markets such as the USA. Among the European countries, Turkey was the top importer from Egypt, followed by the United Kingdom, France, Lithuania, Czechia, Germany, and Slovakia. Among the Asian countries, Saudi Arabia, UAE, Iraq, Jordan, and Lebanon were the main importers from Egypt. Among the African countries, Libya, Morocco, Algeria, Burkina Faso, Sudan, Nigeria, and Kenya were the major importers from Egypt.
Mai Helmy, the Executive Director of the Engineering Export Council of Egypt, said that the increase in exports of the engineering industries sector in January 2024 was a continuation of the positive results achieved in 2023 when exports exceeded the level of $4bn for the first time.
Helmy revealed that the council was following a strategy to increase exports in 2024 by a rate ranging between 10 to 15%, based on the enormous potential of the Egyptian engineering industries.
On the other hand, the Readymade Garment Export Council announced that the exports of the garment sector increased by 35% in January 2024, reaching $259m, compared to $192m in January 2023, according to the council's president Marie-Louis Bishara.
Bishara said that America was the largest market for imports from Egypt, with a value of $106m in January 2024, compared to $90m in January 2023, a growth rate of 18%. She added that the sector's exports to European countries also achieved a jump of 42%, reaching $54m in January 2024, compared to $38m in January 2023.
She noted that Turkey received products worth $24m in January 2024, compared to $15m in January 2023, an increase of 62%, and exports to Spain reached $12m in January 2024, compared to $9m in January 2023, an increase of 35%. She also said that exports to Germany increased to $10m in January 2024, compared to $9m in January 2023, an increase of 13%.
She disclosed that the sector's exports to Arab countries also witnessed a noticeable increase of 54%, reaching $57m in January 2024, compared to $37m in January 2023. She said that the UAE was the largest Arab country importing from Egypt, with a value of $23m in January 2024, compared to $21m in January 2023, an increase of 6%. She also said that exports to Libya increased to $12m in January 2024, compared to $4m in January 2023, an increase of 243%.


Clic here to read the story from its source.