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Local and International forces at play have contributed to booming fertlizers exports according to the Egyptian Chemical and Fertilisers Export Council as it expects to register EGP 8bn in exports by the end of this year.
The council announced that exports of chemical industries in the period from January to August 2022 amounted to $5.71bn — an increase of 31%, compared to the same period in 2021.Egyptian fertiliser exports amounted to about $2bn in the first 8 months of 2022, achieving a growth rate of 53% compared to the same period last year, which amounted to $1.34bn. Egyptian fertiliser exports during this 8-month period in 2020, 2021, and 2022 achieved a growth rate of about 40% annually. While, inorganic chemicals exports increased by 120%, rising from $408m to $899m.
Despite a relative decline of exports to the Turkish market by 3%, it still tops the list of the most important importing markets for the products of the Egyptian chemical industries sector with a value of $691m.