Gamea states that some of the top markets receiving Egypt’s engineering exports were the United Kingdom, the Emirates, Slovakia, Saudi Arabia and France
Egypt’s exports of engineering goods jumped by 42% during the first 9 months of 2021, recording around $2.3 billion, a vast difference from 2020’s $1.6 billion during the same period.
According to Minister of Trade and Industry, Nevine Gamea, the some of the top markets receiving Egypt’s engineering exports were the United Kingdom, the Emirates, Slovakia, Saudi Arabia and France.
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Gamea emphasized the engineering industries sector as one of the most important productive sectors in the national economy, contributing to providing the needs of both the local and international markets, noting that Egypt has great industrial potential to compete in regional and global markets.
In September, Egypt’s non-oil exports climbed by 16% to hit $2.6 billion, with imports declining by 7% to record $4.9 billion, while it saw a 24% increase in growth in the 10 months of 2021.
The trade minister added that promoting Egyptian exports to foreign markets is one of her ministry’s top priorities, particularly in light of the great interest that the government leaders attach to the export portfolio.
The trade ministry recently announced it would be terminating support on import duties on iron billets, steel rebar, and aluminum products.
