Egypt eyes $6.5bln worth chemical industries exports in 2023: Official

Egypt’s exports recorded an increase of 24.5% last September and October compared to the same period last year

  

Egypt’s Chemical and Fertilizers Export Council aims to increase the sector’s exports to $6,5bn in 2023 from $5.2bn in 2020.

This strategy can be reached through many mechanisms, foremost of which is directing companies and industrial entities to the importance of introducing modern systems in management and using information technology. In addition, preparing and conducting training programs to raise the efficiency of their employees and focusing on products that Egypt has achieved a comparative advantage and competitiveness in their production. Besides, relying on local components, requirements and local raw materials, increasing added value, improving quality of products through research and development studies, expanding exports to traditional markets through establishing permanent sales centres for Egyptian products, and finally existing in new markets by organizing marketing missions abroad.

Khaled Abu Al-Makarem, Chairperson of the Chemical and Fertilizers Export Council, said that the dream of all Egyptians is to achieve the $100bn in exports, especially investors and exporters who will reap the gains after achieving the dream.

Abu Al-Makarem added that the dream will come true after finding quick solutions to all complicated procedures that still govern Egypt’s industrial and commercial society.

He added that Egypt will record a great achievement in exports by the end of the year, as it will register a volume of exports estimated at $330bn. Accordingly, Egypt’s exports recorded an increase of 24.5% last September and October compared to the same period last year, due to the opening of new markets, the most important of which are African markets.

He pointed out that the African market is a large and promising market for industrial products.

He further noted that high costs on manufacturers in the past three years had a significant impact on Egyptian production and the realization of the dream of exports. Therefore, the government must deepen local components, intensify exhibitions and foreign missions, activate electronic platforms and establish new export headquarters.

Moreover, the Council addressed several concerned parties to participate and consult on some issues and topics to resolve them for the benefit of manufacturers and exporters.

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