Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    US employment cost index 3.6% up in year to June 2025    Egypt welcomes Canada, Malta's decision to recognise Palestinian state    Pakistan says successfully concluded 'landmark trade deal' with US    Sterling set for sharpest monthly drop since 2022    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    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    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.



Significant surge in Egypt's engineering exports during February
Published in Daily News Egypt on 27 - 03 - 2024

Engineering Export Council of Egypt (EEC) announced an increase in engineering industries exports in February 2024, recording the highest monthly figure in the history of engineering exports, reaching $459m, compared to $345m in February 2023.
The EEC revealed in its monthly report that total exports during period from January and February 2024 increased by 29%, reaching $802.6m, compared to $622.5m for the same period in 2023.
The Council mentioned the most important sectors whose exports increased during 2024 until the end of February compared to the same period in 2023, including cables that achieved a growth of 45%, car components that increased by 65%, and home appliances that recorded an increase of 18%, then means of transportation achieved a jump of 194%. In addition, Table and kitchen exports utensils by 38%, pumps, boilers and motors surge by 171%, and blades by 60%.
Regarding the most important countries to which engineering exports increased from Europe are Turkey, the United Kingdom, France, Germany, the Czech Republic, Georgia, Lithuania, Italy and Spain, from Asia Saudi Arabia, the UAE, Iraq and Jordan. Meanwhile, in Africa Libya, Kenya, Nigeria, Tunisia, Côte d'Ivoire, Burkina Faso, Ghana, Uganda and Congo-Kinshasa.
For her part, Executive Director of EEC May Helmy said that the increase in exports of the engineering industries sector during February 2024 to the highest level in history comes as a continuation of positive results achieved in 2023 after exports exceeded $4bn for the first time in history as well, and confirms the great success for plans to increase exports.
She pointed out that the success of engineering exports in achieving sustainable growth in exports contributes to implementing the state's strategy for promoting merchandise exports and reaching advanced targets for Egyptian exports.
She further noted that the engineering sector is one of the most important and promising export sectors that contributes strongly to creating jobs and increasing added value in local manufacturing. Besides, it has an excellent reputation in global markets.
Helmy revealed that the counicl is 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, including participation in international exhibitions, taking into account the new regulations for exhibitions, as well as organizing commercial delegations and foreign trade weeks.


Clic here to read the story from its source.