Egypt targets $ 6.5 billion in chemical industry exports in 2023 (official)

The Egyptian Chemicals and Fertilizer Export Council aims to increase the sector’s exports to $ 6.5 billion in 2023 from $ 5.2 billion in 2020.

This strategy can be achieved through many mechanisms, the first of which is to guide companies and industrial entities on the importance of introducing modern management systems and using information technologies. In addition, prepare and conduct training programs to increase the efficiency of their employees and focus on the products that Egypt has obtained a comparative advantage and competitiveness in their production. In addition, rely on local components, local requirements and raw materials, increase added value, improve product quality through research and development studies, expand exports to traditional markets by establishing centers of permanent sales for Egyptian products, and finally to exist in new markets by organizing the marketing missions abroad.

Khaled Abu Al-Makarem, chairman of the Chemicals and Fertilizers Export Council, said the dream of all Egyptians is to achieve the $ 100 billion worth of exports, especially the investors and exporters who will reap the profits after achieving the dream.

Abu Al-Makarem added that the dream will come true after finding quick solutions to all the complicated procedures that still rule the Egyptian industrial and commercial society.

He added that Egypt will register a great achievement in exports by the end of the year, as it will register an estimated export volume of 330 billion dollars. Thus, Egyptian exports recorded an increase of 24.5% in September and October compared to the same period last year, due to the opening of new markets, the most important of which are African markets.

He pointed out that the African market is a large and promising market for industrial products.

He further noted that the high costs for manufacturers over the past three years had a significant impact on Egyptian production and the fulfillment of the export dream. Therefore, the government must deepen local components, intensify exhibitions and missions abroad, activate electronic platforms and establish new export headquarters.

In addition, the Council asked several interested parties to participate and consult on certain issues and subjects in order to resolve them for the benefit of manufacturers and exporters.

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