The Trade Ministry said that the chemical and fertilizers sector's exports hit $4.153 billion during the period from January to October 2020, compared to $4.363 billion recorded during the same period in 2019, with a 4.8% decline.
The chemical and fertilizer sector’s exports have dropped 4.8%, amounting US 4.15 billion in January-October 2020 compared to US 4.36 billion recorded during the same period last year.
The plastic product sector secured 33 percent of Egypt’s total chemical and fertilizer industry exports, states an infographic released by the Ministry of Trade and Industry. This amounted to a value of US 1.37 billion during January, compared to 1.57 billion during the same period in 2019.
Exports of fertilizer products were up by 2.7 percent, recording US 1.14 billion compared with US 1.1 billion, added the ministry.
Our exports of paper products decreased by 6.6 percent during the first ten months of 2020, hitting US 408 million compared to US 436.83 million previously. Fertilizer product export jumped 2.7 percent from January to October, reaching around US 1.14 billion compared to US 1.11 billion during the same period in 2019.
Egypt’s export of chemical industries and fertilizers to France rose to about $220 million in the first ten months of 2020.
The top country importing from Egypt’s chemical industries is Turkey, which acquired 15 percent of the Egyptian chemical industries and fertilizer products with a value of $587 million, compared to $718.46 million in the same period in 2019, dropping 17 percent.
