Egypt's engineering industries exports rise to $1.11B during 5 months



Mon, 04 Jan 2021 - 01:57 GMT


Mon, 04 Jan 2021 - 01:57 GMT

FILE - Exports

FILE - Exports

CAIRO – 4 January 2021: The Engineering Industries Export Council announced that exports of the sector during the first five months of the fiscal year 2020/2021 increased by 6 percent to reach $ 1.11 billion, compared to $ 1.05 billion in the same period of the previous fiscal year 2019/2020.


The council added in a statement, Monday, that the exports of engineering industries witnessed a rise in November 2020, recording $229.6 million, compared to $187.3 million in the same month 2019, which confirms the council’s vision to move exports towards an upward trend during the coming period.


Regarding the engineering sectors whose exports have increased, the Export Council revealed that automobile components rose by 18 percent, cables by 21 percent, household appliances by 21 percent, and transportation by 72 percent.


Regarding the most prominent countries that received exports of Egyptian engineering industries, the Council announced that these countries where Egyptian exports increased in Europe are: "The United Kingdom - France - Germany - Spain", and in Asia: "Saudi Arabia - Iraq - Kuwait", and in Africa: " Algeria - Morocco - Sudan - Kenya.


For his part, Chairman of the Export Council for Engineering Industries, Sherif Al-Sayyad, said that the council has a clear vision to promote the sector's exports during the coming period, through annual plans for the export sectors in engineering industries, and to rely more on sectors that have a comparative advantage, as well as non-traditional markets. 


He pointed out that work is underway to open new markets through contacts on a number of levels, and work to communicate with international buyers and importers.


Al-Sayyad added that there is constant contact with the Ministry of Trade and Industry to achieve the strategy of promoting exports, as well as knowing all the details of the new export support program, which is expected to start implementation soon, which will include developing a vision and proposals for exporters in new measures to support and increase exports during the next phase.


Executive Director of the Export Council, Mai Helmy, confirmed that the Council is working on a plan to introduce new exporters to the export market as one of the mechanisms of action, and to promote more for Egyptian exported products, while the Council is working on studies on the needs of foreign markets and making them available to members, so that the exporter can know what the foreign markets need.



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