Egypt's chemical exports rise 29% to $2.7B in 4 months

CAIRO - 30 May 2022: Egypt's exports of chemical industries rose during the first four months of 2022 by 29 percent, to record $2.689 billion, compared to $2.079 billion during the same period in 2021.

 

The monthly report issued by the Chemical Industries Export Council showed that the sector's exports accounted for 21 percent of Egypt's total non-oil exports.

 

It pointed out that the sector's exports of plastics hiked by 16 percent to reach $891.12 million, compared to $676.68 million in the same period in 2021, and the sector's exports of fertilizers increased by 41 percent to $888.9 million compared to $630.9 million during the same period last year. 

 

The report added that Egypt's exports of inorganic chemicals increased significantly by 126 percent during the first four months of 2022, to record $385 million, compared to $170 million, and detergents exports increased by 14 percent, reaching $99.88 million, compared to $85.7 million during the same period of 2021.

 

"Inks and Paints exports increased by 5 percent to reach $86.6 million, compared to $82.57 million, and "miscellaneous chemicals" exports increased by 27 percent, to $83 million, compared to $65.24 million,” the report pointed out.

 

Meanwhile, organic chemicals exports declined by 22 percent, to reach $82.68 million, compared to $105.8 million, and exports of paper products slightly decreased by 1 percent, to $75 million, compared to $76 million.

 

Regarding the most important importing markets for the chemical industries, the report indicated that exports to all European markets increased, such as Italy, France, Spain and Romania, for which Egypt represents one of the most important alternative markets in light of the Russian-Ukrainian crisis, as well as India, which is one of the most important producing and exporting countries for chemical industries.