Egypt's Chemical and Fertiliser Exports Jump 34% in Nine Months
Published
Egypt's Export Council for Chemical Industries and Fertilisers revealed that the sector's exports rose by 34 percent during the first nine months of the current year. This increase is important news for the Egyptian economy, as the chemicals and fertiliser industry is one of the most important sectors that help bring foreign currency into the country.
According to information published by Al Arabiya channel, exports in this sector jumped noticeably compared with the same period of last year. The reports did not mention all the detailed figures, but they indicated that exports increased markedly over these nine months.
The fertiliser and chemicals sector in Egypt exports its products to many countries, and it depends on the availability of natural gas and energy to produce fertilisers. Therefore, the government and factory owners are keen to continuously monitor the performance of this sector.
In conclusion, this rise reflects the sector's performance this year, and following the official figures in the coming months remains important for understanding the development of Egyptian exports.
Sources: العربية
More Egypt news
- KemetX summit in Egypt targets $5 billion for startups
- Al-Ayyat train collision sparks parliament debate on rail safety
- MSCI adds Telecom Egypt and drops Eastern Company from index
- Cairo Criminal Court Adds 35 Entities and 36 Individuals to Terrorism Lists
- Significant Drop in Gold Prices in Egypt as the Price Gap Widens
- Egypt Sees Notable Progress in Entrepreneurship and Investment Attraction for Startups
- vivo Egypt Plans to Deepen Local Smartphone Manufacturing
- Egypt's Under-17 National Team Begins Its African Qualifiers Campaign Against Tunisia