The Export Council for Chemical Industries and Fertilizers stated that the sector's exports rose during the period (January-April) of this year by about 30%, to record 1.950 billion dollars, compared to 1.496 billion dollars during the same period last year.
The head of the Export Council, Khaled Abu Al-Makarem, pointed to the growth in the performance of exports of most commodity items to the sector, pointing out that the exports of “plastic products and plastics” increased by 80% compared to the same period in 2020, and “organic chemical products” increased by 62%, and Inorganic chemicals” with a growth rate of 47%, “inks and paints” by 36%, “dry cells and batteries” by 92%, “adhesives” by 47% and “glass products” with an increase of 5%. "Fertilizer products" by 1% compared to the same period in 2020.
Regarding the most important imported markets for chemical industry products during the first 4 months of 2021, Abu Al-Makarem said that the sector's exports to Italy amounted to $140 million, with a growth rate of 17%, and to the United States of America, which amounted to $105 million, an increase of 13 percent. The chemical industry's exports to Brazil amounted to $100 million, with a growth rate of 204%.
He added that the sector's total exports to France amounted to $94 million during the past four months, with an increase of 8%. It also increased to Belgium to record $67 million, with a growth rate of 89%, and to Greece, by about $67 million. With an increase of 97%, chemical industry exports to Saudi Arabia increased by 12% to reach $65 million, to Spain, $64 million, with a growth rate of 2%, and to Sudan, worth $52 million, with a growth rate. 15th%.
Abu al-Makarem attributed the tangible increase to the efforts made by the government to support the productive and export sectors, as the government launched, during the Corona virus crisis, the immediate payment initiative, which allows for the payment of 85% of the total value of dues immediately, instead of paying it in installments that may take several years, This contributes to providing cash liquidity to enable the exporting companies to fulfill their obligations towards their customers, maintain employment and coordinate between the government and the private sector.
He explained that the policies followed by the government not to resort to total closure, and the continuation of the work of companies and all means of transport and ports to quickly face the repercussions of the negative effects resulting from the Corona crisis, contributed to the continued rotation of the production wheel and the preservation of export markets.
Abu al-Makarem stressed the opening of new markets for Egyptian products, especially that most countries suffer from the crisis of closures and difficulties in the availability of supply chains, due to the policies of their government towards dealing with the Corona crisis, which made Egyptian products replace the competing products from China and other countries that have undergone Due to the total closure, in addition to the increase in the prices of some commodities, including fertilizer products, which rose during the first quarter of 2021.
Abu Al-Makarem expected that if the impact of the global Corona pandemic declines, and the new export support program will be announced and implemented, and the state’s efforts to reduce the economic effects of the Corona pandemic will continue, the sector’s exports will continue to grow at rates ranging between 15-20% during the coming period.
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