Egypt’s engineering exports surge 27% in 7 months of 2022: EEC

Egypt’s engineering exports surge 27% in 7 months of 2022: EEC

Egypt - Engineering Export Council of Egypt (EEC) has announced that the sector’s exports increased by 27% to $2.1bn from January to July 2022, compared to $1.6bn in the same period in 2021.

The council revealed that engineering exports rose by 24% in July 2022 compared to the same month in 2021, reaching $258.7m in July 2022 compared to $209.1m in July 2021.

The EEC noted that the most important sectors that achieved an increase during the first 7 months of 2022 are electrical appliances, which jumped by 44%, cables, with an increase of 64%, car components increased by 10.1%, household appliances rose by 7%, and pumps, boilers and engines, which hiked by 74. %, machinery and equipment jumped 125%, and minerals by 40%.

Regarding the most important countries to which engineering exports have increased, the EEC highlighted European countries namely the United Kingdom, Slovakia, France, Czech Republic, Spain and in Asia are Saudi Arabia, UAE, Kuwait, Jordan and Lebanon and in Africa Algeria, Morocco, Libya, and Kenya.

The council is preparing to organize the largest event HATS Egypt in engineering industries sector, especially in light of the participation of 80 international buyers, which is an opportunity to sign export contracts from Egypt within