18.4 C
Cairo
March 29, 2024
Egypt Bulletin
Business

$3.3 billion in engineering exports from Egypt in 11 months of 2022

The Engineering Export Council (EEC) of Egypt announced that the sector’s exports were up by 10% to $3.32 billion from January through November of 2022, compared with $3 billion in the same period last year. As reported in the EEC’s monthly report, some of the most noteworthy industries with export growth in the first 11 months of 2022 over the same period in 2021 were cables, up 33%, car components, up 15%, home appliances, up 5%, and machinery and equipment, up 128%.

$3.3 billion in engineering exports from Egypt in 11 months of 2022Exports of electrical and electronic goods have increased by 2% in the last year, which is a significant increase. Also, there has been an increase of 14% in exports of transportation equipment over the past eleven month period. It has been reported that metal forming has seen an increase of 96%, and exports of pumps, boilers, and engines have seen an increase of 91%, as well.

Related posts

OFID signs deal to co-finance road network in Bangladesh

ADNOC invests over $764 million in drilling-related services

Masdar wins bid to build $174 million solar project in Armenia

$750 million Emirates NBD bond listed on Nasdaq Dubai

Dubai real estate transactions cross AED4.1 billion in a week

Danish Government confirms official participation at Expo 2020 Dubai