ICEC

Egypt’s chemical exports rise to $4.4 bln in 2017: CEC

Egypt’s Chemical exports increased 32 percent in 2017 to $4.4 billion, up from $3.3 billion in 2016, Chemical and Fertilizers Export Council’s (CEC) head Khaled Abu El Makarem said Wednesday.

“The section acquired 19 percent of Egypt’s non-petroleum exports during January to November period, and the value of exports during December reached $500 million,” Abul Makarem further stated.

Abul Makarem added that the sector is achieving positive progress from the beginning of this year, as it comes at the top of the sectors, which increased its exports, adding that Egypt is now competing with China and Turkey in exports.

“Fertilizers and plastics are our winning sectors in Egyptian exports, and the Council is focusing on increasing exports to Russia and African countries,” Abul Makarem added.

“The Council is working on putting exports’ goals for 2018, as Paper products, printing and packaging sectors, whose exports represent 15-17 percent of the total council’s exports, separated from the council,” he clarified. Source: Egypt today

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