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Engineering exports in October 2023 alone achieved a remarkable 22% growth, reaching US$396m compared to US $324m in October 2022. This robust performance is attributed to the strong demand for Egyptian engineering products in various markets worldwide
The Engineering Export Council of Egypt (EECE) has announced that engineering exports increased by 8.5% during the period from January to October 2023 (10M 2023), reaching US$3.516bn compared to US$3.241bn in the same period last year. This significant growth is a testament to the resilience and adaptability of the Egyptian engineering sector amidst global challenges.
Engineering exports in October 2023 alone achieved a remarkable 22% growth, reaching US$396m compared to US $324m in October 2022. This robust performance is attributed to the strong demand for Egyptian engineering products in various markets worldwide.
Several sectors played a pivotal role in driving this export growth. Cables emerged as the top performer, with a growth rate of 56.9%, followed by household appliances (1.9%), electrical and electronic industries (40.9%), means of transportation (121.8%), machinery and equipment (92.7%), and metalworking products (45.7%). Europe emerged as the primary market for Egyptian engineering products, with Turkey, Netherlands, Germany, Italy, Czechia, Spain, and Belgium leading the way.
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Asia also played a significant role, with Saudi Arabia, UAE, Iraq, Oman, Syria, and Bahrain making noteworthy contributions. Africa, with countries such as Algeria, Libya, Sudan, Côte d’Ivoire, Mauritius, and Cameroon, also contributed to the export growth. Additionally, Brazil and China were identified as promising emerging markets for Egyptian engineering products.
