The Chemical and Fertilizer Export Council reported a significant rise in exports from January to September 2024, totaling $6.5bn, marking a 5% increase compared to the same period in 2023. Plastics and resins led the growth with a 29% increase, reaching $2bn. Khaled Abu El-Makarem, Chairman of the Chemical and Fertilizer Export Council, attributed this growth to sustained efforts to boost the global competitiveness of Egyptian products despite existing challenges. However, he forecasted that the sector’s exports would reach $8.5bn by the end of 2024, driven by heightened global demand, enhanced local production capabilities, and supportive government policies. Italy, France, and the United Kingdom also demonstrated positive growth, consolidating their positions as key markets for Egyptian exports.

Source: Daily News Egypt November 24, 2024 17:06 UTC