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Egypt's chemical industry 3rd-largest export contributor in Q1 2024

13 May '24
1 min read
Egypt's chemical industry 3rd-largest export contributor in Q1 2024
Pic: Adobe Stock

Insights

  • With exports worth $1.445 billion, Egypt's chemical industry was the third-largest contributor to the country's merchandise exports during Q1 2024, official data show.
  • The country's Export Council for Chemical Industries and Fertilisers targets exports worth $9 billion by the end of the year.
  • It anticipates a sectoral growth rate averaging 10 per cent.
With exports worth $1.445 billion, Egypt's chemical industry was the third-largest contributor to the country's merchandise exports during the first quarter (Q1) this year, according to data released by the country’s ministry of industry and trade.

The country’s Export Council for Chemical Industries and Fertilisers targets exports worth $9 billion by the end of the year, as per media reports.

The council anticipates a growth rate averaging 10 per cent in the sector.

The council is focusing on expanding the sector's presence in new markets, both regionally and internationally, throughout this year.

Key target markets include Africa, Latin America, Europe and several Arab countries.

Fibre2Fashion News Desk (DS)

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