Cairo –  Egypt’s exports of crude iron, steel, and cement plunged by 41.3% year-on-year to $777 million in the first eleven months of 2019, compared to $1.098 billion, the Middle East News Agency (MENA) recently reported, citing official data.

Crude iron and steel exports declined by 34% to $635 million during the January-November period of 2019, compared to $968 million in the year-ago period, according to data released by the Export Council for Building Materials, Refractory, and Metallurgy Industries (ECBM).

Saudi Arabia topped importers of crude iron and steel from Egypt with $189 million, followed by Sudan with $47 million and Spain with $46 million.

Meanwhile, cement exports rose by 10% to $142 million in the eleven-month period ended 30 November, compared to $130 million in the corresponding period a year earlier.

Libya led cement importers with $69.469 million, followed by the US and Saudi Arabia with $11.367 million and $11.105, respectively.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.