Egypt’s building materials exports fall 25% in November: ECBM

Egyptian exports of building materials dropped 25 percent year-on-year to $317 million in November against $426 million last year, Export Council for Building Materials (ECBM) said on Wednesday.

“Mineral industries exports declined by around 31 percent to $215 million in November this year from $313 million during the same month in 2017,” ECBM said in its monthly report sent to Amwal Al Ghad.

Gems and jewellery exports fell 67 percent to $56 million, compared with $162 million, while copper exports reduced 47 percent to $14 million from $26 million.

“Aluminum exports edged down 3 percent to $47 million versus $49 million,” the council said, adding that Zinc exports dropped 49 percent to $159,000 from $313,000 last year.

Pig iron exports climbed by around 48 percent to $80 million, compared with $54 million. Meanwhile, nickel exports steadied at $1 million last November.