Building Materials
The UAE came at the top of importers with its imports standing at $456 million in the first four months of 2022.
Italy came in the third place with a value of $113 million, followed by Saudi Arabia with $98 million and Spain with $71 million, the report said.
Brazil came in the 13th place on the list of importers of these materials from Egypt in 2021.
A delegation from the association is visiting Libya soon.
The report indicated that the total exports of metallurgical industries in that period went down by 8.9 percent reaching three billion dollars compared to 3.3 billion in the same period last year.
The council’s report revealed that exports during the first five months of the year reached $2.46 billion.
The council said in its monthly report that metal exports jumped 11 percent from January to April, recording $1.6 billion, compared to $1.5 billion in 2017.
The projects have helped many factories to continue operating.
Iron exports rose 4 percent to reach $250 million in the first three months of the current year, compared to $239 million in Q1 of 2017.
Building Materials Division at the Cairo Chamber of Commerce revealed that iron prices will fall during the month of Ramadan.
Egypt’s cement exports increased 49 percent during 2017 to record $94 million, compared to $63 million in 2016, according to a report from the General Organization for Exports and Imports Control.
The Building Materials Chamber of the Egyptian Federation of Industries (FEI) aims to double the sector’s exports in the coming three years
The strategy aims to double exports over five years.
The prices of building materials will rise from five to 10 percent as a result of the recent economic reforms.
Egypt's exports of building materials surged 44 percent, reaching $1.8 billion year-on-year in the first four months of 2017.
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