Cairo – Mubasher: Exports of the Egyptian chemical industries sector rose by 26% year-on-year in the first half of 2018, recording $2.594 billion from $2.058 billion, according to the Export Council for Chemicals and Fertilizers’ monthly bulletin.
The report highlighted that 10 countries have acquired 58% of the sector’s exports during the January-June period with total exports valued at $1.505 billion, state-run MENA agency reported.
Turkey led these countries with $589.68 million, making up 39% of the Egyptian chemical exports’ value, the report indicated.
Moreover, around 10 firms have dominated 43.7% of the North African nation’s exports of chemicals and fertilisers during the six-month period through exporting 773 shipments at a value of $1.134 billion.
Egyptian Methanex Methanol Company topped these firms with $224.278 million, making up 20% of the companies’ total exports, the report added.
On Sunday, chairman of the Export Council for Chemicals and Fertilizers Khalid Abu Al-Makarem said that exports of the Egyptian chemical industries sector are likely to rise by 21% year-on-year to reach $5.5 billion in 2018.
