Egypt’s chemical and fertilizer exports climbed 31% year on year (YoY) to $6.47 billion in the first nine months of the year.
According to the Middle East News Agency (MENA), the chemicals and fertilizers sector accounts for 24% of Egypt’s overall non-petroleum exports, citing Egypt’s Chemical and Fertilizer Export Council’s Head, Khaled Abul Makarem.
The chemical industry sector is promising and provides 437 investment opportunities as per the country’s investment map, Abul Makarem added.
Egypt’s exports of chemicals and fertilizers to the top 10 important markets grew by 25%. These markets include Italy, France, India, Britain, and Spain.
The number of exporters has increased over the past three years from 300 to 2,540 through programs aimed at supporting and aiding small manufacturers and exporters.
The council plans to target a number of export markets in the coming year, including Kenya, Tanzania, and Uganda in North Africa, as well as Ghana, Nigeria, Côte d’Ivoire, and Senegal in Western Africa.
Furthermore, it targets Mercosur members Brazil, Argentina, Uruguay, and Paraguay, as well as Arab republics Morocco and Jordan.
