Egypt’s engineering exports jumped by 45%, during the period from January to the end of November 2021, to reach $3.002 billion, the highest rate in the sector’s history, compared to $2.073 billion in the same period in 2020.
Head of the Export Council for Engineering Industries, Sherif El-Sayyad, said that engineering exports increased by 51 percent on a basis in November 2021 to $354.8 million.
Regarding the most important sectors whose exports increased during the first 11 months of 2021, he explained that exports of electrical appliances increased by 41%, cables achieved 97%, car components achieved 41%, household appliances increased 48%, and electrical and electronic industries increased by 31%, she said. Al-Shorouk Egyptian newspaper.
And about the most important countries whose engineering exports have increased from the countries of the continent of Europe: “Slovakia – the United Kingdom – Turkey – France – Germany – Spain – Greece – Russia – Italy – the Czech Republic”, and from Asia “Saudi Arabia – the Emirates – Iraq – Jordan – Lebanon – China” From Africa: Algeria – Morocco – Libya – Sudan – South Africa – Tunisia – Nigeria.
For her part, the Executive Director of the Export Council for Engineering Industries, Mai Helmy, announced that Europe accounts for 48% of the total engineering exports, with total exports amounting to $1.4 billion, followed by Asia, with an increase of 32%, with total exports of $951 million.
Mai added that Egypt’s exports to Africa grew by 18%, with a total of 535 million dollars, and engineering exports to South America rose by 2% to 59 million dollars, and North America by 0.6%, with a total of 18 million dollars.
She pointed out that 2021 is considered an exceptional year for engineering industrial exports, as it achieved the highest rates, which prompts us to make more efforts during the coming period to increase exports, open new export markets, and create hundreds of new export opportunities through the various activities of the Export Council for Engineering Industries, including receiving Importers’ missions, participation in international exhibitions, studying the needs of foreign markets, participating in foreign missions, and coordinating with all concerned authorities and ministries in this regard.
She explained that the council’s strategy aims for the coming period to focus on the export sectors in which we have competitive advantages, especially working to expand in African markets, as part of the state’s plan to expand the Egyptian presence in the markets of the continent, as well as contributing to meeting the needs of these markets.