Egypt’s exports of engineering industries rise to $3.8B in 2022 – Egypt Today

Egypt’s exports of engineering industries rise to $3.8B in 2022 – Egypt Today

CAIRO - 22 January 2023: Egyptian Engineering hit unprecedented historical rates in 2022, reaching $3.836 billion, compared to $3.497 billion in 2021, achieving an increase of 10 percent, according to a press statement released by the Engineering Export Council of Egypt (EEC).

The top winning engineering sectors whose exports grew in 2022 are Machinery by 104 percent; Metal forming by 98.9 percent; Pumps and Engines by 75.8 percent; Cables by 25.6 percent; Electrical and electronic industries by 18.4 percent; automotive parts by 13.8 percent; Home Appliances by 0.8percent and Transportation vehicles by 10.1 percent.

Meanwhile the most important countries receiving Egyptian engineering exports are: The United Kingdom; Ireland; France; Netherlands; Italy; Germany; Spain, Czech Republic, and Malta in Europe while Saudi Arabia; UAE; Kuwait; Jordan; Oman; and Lebanon in Asia, while Algeria; Morocco; Libya; Kenya and Ghana in Africa, and finally Argentina, Brazil and USA in the Americas.

Sherif El-Sayad, EEC Chairman said that the council is planning on -not less than- 20 percent increase in the export rates in 2023 through opening new export markets, especially in Africa, in order to support the country’s strategy to boost exports and reach the goal of $100 bn in the coming years.

El-Sayad stressed that