Chemical, Fertilizers Exports Slashed By 10% In Q3, 2012

The Egyptian exports of chemical products and fertilizers dived by 10% in Q3 of 2012, compared to the same period in 2011 which recorded EGP 7.2 billion.

These exports of chemical products and fertilizers to the European Union amounted to EGP 2.5 billion, to the Arab countries reached EGP 1.5 billion, while the US exports reached EGP 357 million.

This decline came, although the intensive efforts of Chemical and Fertilizers Export Council in opening new markets in African countries and some Asian countries to compensate the decline rate of its exports to the EU and Arab countries.

Khaled Aboul Makarem, deputy council, told Amwal Al Ghad that the continuity of declining the exports of the chemical products and fertilizers during the last quarter of 2012 will be due to eurozone crisis.