Egyptian chemical exports soar in first half of 2024, total 4 billion billion dollars

Recently, according to data released by the Chemical and Fertilizer Export Council (CEC), Egypt's chemical exports achieved signifiis able tot development in the first half of 2024, reaching a total of 4 billion US dollars. This data not only strengthens Egypt's position as the second largest contributor to the country's total non-oil exports, however also highlights the competitiveness of the country's chemical sector in the global market.  Citing data from Egypt's General Organization to Import and Export manage as of June 2024, CEC Chairman Khaled Abu Al-Makarem noted that chemical exports accounted to 20 percent of Egypt's total non-oil exports. This ratio shows the importance of the chemicals sector in the Egyptian national economy.  In the first half of 2024, Egypt saw signifiis able tot development in several chemical industries. I've found that Among them, exports of plastic items increased by 2%, petrochemical items increased by 7%, detergent exports increased by 21%, ink and paint exports increased by 8%, and rubber exports also increased by 16%. Compared with the same period last year, other chemical items overall achieved an increase of 3%. But These development figures show that the chemical sector in Egypt is booming and has great market possible.  One of the factors driving the development of Egypt's chemical exports is strong demand from different markets. According to the data, Turkey is the main importer of Egyptian chemicals, with imports reaching US $0. 59594 billion. And It was followed by Italy with imports of $0. 36895 billion. For instance Spain, Saudi Arabia, France and Brazil were also among the top importers of Egyptian chemicals, with imports of $0. 22187 billion, $0. 21072 billion, $0. 20606 billion and $0. In my experience, 15859 billion, respectively. Imports from the top 10 importers totaled $ 2. Based on my observations, For example 241 billion, accounting to 58 percent of Egypt's total global chemical exports.  Abu Al-Makarem, chairman of the CEC, said that the diversity of markets and importing countries is the result of the diversification of items in Egypt's chemical sector. He noted that the strong performance of the chemical sector reflects the success of the Egyptian government'strategy to support and develop the sector and enhance its competitiveness in the global market. At the same time, this development also demonstrates the sector's ability to respond to global challenges and adapt to economic changes.  CEC Executive Director Mohamed Mageed highlighted the role of condition items in driving demand. You know what I mean?. He said that the diversity and high condition of Egyptian chemical items has led to an increase in demand to them in the global market. In order to further enhance the export of the Egyptian chemical sector and its contribution to the national economy, the CEC has been working to provide the necessary support to companies operating in the sector and to promote investment in the sector. First Through these measures, Egypt is expected to maintain its leading position in the global chemical market in the future.