32% increase in Egypt’s Q1 chemical exports

Egypt’s Chemical Export Council (CEC) reported an increase of 32 percent in the volume of chemical exports during the first quarter of 2017 to reach $1.02 billion, compared with $774.7 million during the same period in 2016.

In March, chemical exports rose by 21 percent to reach $354.1m compared to $ 299.9m during the same month last year, according to a report issued by the CFC on Tuesday.

The report said that the sector’s exports of fertilizers increased during the first quarter to reach $ 226.6 million compared to $159.6 million during the same period last year, an increase of 67 percent.

Meanwhile, exports of plastics and caoutchouc increased by 18 percent to reach $324.15  million, compared to $273.6 million during the same period last year.

The report pointed out that Egypt’s exports of organic chemicals increased by 244 percent to reach $ 96.96 million, compared to $28.1 million last year.

Exports of paper products reached $122.98m compared to $109.8m the previous year, an increase of 12 percent.

Detergent exports increased by 36 percent to record $75.89 million, compared to $56 million in 2016.

On the other hand, the report noted that Egypt’s exports of inorganic chemicals decreased by six percent to reach $59.5 million compared to $63.29 million in the same period last year.

Exports of glass products decreased by seven percent to reach $33.85 million compared to $36.51 million during Q1 2016.

“Exports of miscellaneous chemicals declined by 18 percent to reach $23.6m compared to $28.41 million, and exports of adhesives dropped by four percent to record $9.35 million, compared to $9.7 million in the same period last year,” the report read.

Source: Daily news