Egypt's engineering industry exports record $1.551B within 5 months

Image from Egypttoday

Egypt's engineering industry exports increased by about 31 percent to register $1.551 billion in the first five months of 2022, compared to $1.185 billion during the same period last year, according to the monthly report of the Engineering Export Council of Egypt (EECE).

The engineering industries exports increased by 25 percent in May 2022, reaching $264.7 million, compared to $211.7 million in May 2021, added the report.

Regarding the most important sectors whose exports increased during the first five months of 2022, the report revealed that exports of electrical appliances increased by 52 percent, cables achieved 81 percent growth rate, car components recorded 6.1 percent increase, and household appliances increased 14 percent.

The UK, Slovakia, France, German, Spain, the Czech Republic, Spain, Italy, Saudi Arabia, the UAE, Iraq, Kuwait, Jordan and Lebanon topped the list of countries that increased imports of Egypt's engineering industries.

In addition to, African countries namely Algeria, Morocco, and Libya. 

Laws & Regulations
• Egypt’s tax-free car import initiative generates $... 03-20
• Resource curse: more Africa countries could benefi... 01-16
• Morocco Announces Cigarette Price Hike for 2024 as... 12-27
• Nigeria wins appeal in landmark ruling against Pro... 11-16
• Togo, Benin slash telecommunication charges 10-24
• Egypt adopts new strategy to increase industry’s c... 10-05

Trade Shows
• GITEX AFRICA 2024: Igniting the Spark of Women-Led... 05-15
• African Energy Week (AEW) 2024: Date Set 10-12
• Cityscape Egypt 2023 expo kicks off on Tuesday wit... 09-19
• Cotonou to host first Auto Moto Show on October 12... 06-27
• Ministerial Forum a top feature at Big 5 Construct... 05-17
• THE BUILD&DECOR EXPO 05-06