Egypt’s chemical industry’s exports topped the list of non-oil exports during the first nine months of this year, recording approximately $6.479bn, representing 24% of Egypt’s total exports.
The monthly report of the Chemical and Fertilisers Export Council headed by Khaled Abu Al-Makarem revealed that exports of chemical and fertiliser industries achieved a growth rate of about 31% during the first nine months of this year, compared to the same period last year.
The value of exports also increased from $4.9bn to $6.5bn.
Building materials exports came in second place and achieved a growth rate of about 7%, as the value of exports increased from $4.8bn to $5.1bn. Meanwhile, the food industry’s exports stabilised at $3.1bn, ranking third in the list of non-oil exports.
The report also revealed an improvement in the performance of non-oil exports across various sectors, which recorded $27.5bn, up from $24.3bn — a growth rate of about 13%.
For his part, Khaled Abu Al-Makarem — Head of the Chemical and Fertilisers Export Council — stated that there are many positive factors locally and internationally that will contribute to the continuation of Egyptian exports, especially the chemical industry, to record significant growth rates.
He pointed out that if the chemical industry’s exports achieved $6.5bn during the first nine months of the current year — an increase of 31% — then it is expected that they will reach approximately $8.5bn by the end of the year.