The EEC explained in its report that engineering exports climbed 14% in value to hit $331 million
Egypt’s engineering exports rose by 10% during the first 7 months of 2023, reaching $2.492 billion between January and July compared to the $2.271 billion recorded during the same period last year, revealed the latest report by the Engineering Export Council of Egypt (EEC).
The EEC explained in its report that engineering exports climbed 14% in value to hit $331 million during July 2023. Engineering exports in July 2022 reached $290 million.
The sectors that witnessed the most significant increases in exports during January-July were cables by 52.1%, household appliances by 54.9%, Egyptian electrical and electronic industries exports by 46.2%, and means of transportation by 66.9%.
Other important sectors were tableware and kitchen tools which recorded an increase of 2.1%, machinery and equipment by 68.7%, and metalworking products by 87.9%.
The main European countries that increased imports of Egyptian engineering exports were Turkey, France, Netherlands, Hungary, Germany, and the Czech Republic. Asian and ME countries that upped imports were Saudi Arabia, UAE, Iraq, and Oman, while exports to Brazil also grew. African countries that raised imports of Egyptian engineering exports were Algeria, Libya, Sudan Côte d’Ivoire, Tanzania, and Mauritius.
Last week, the EEC hosted an intensive training program on strategic management in cooperation with the Trade and Export Development Project in Egypt and TRAIN – Egypt.