The Egyptian Commercial Service (ECS) estimates that export opportunities available in the country’s chemical and fertiliser industries stand at about $2bn in the 37 countries in which it operates, according a recent study by the entity.
The study highlighted that there are nine target markets in Africa, namely Kenya, South Africa, Uganda, Ethiopia, Senegal, Tanzania, Zambia, Djibouti, and Ghana.
The volume of export opportunities available to these countries is estimated at about $287m, in contrast to the lack of imports these countries make from Egypt.
The ECS noted that the most important Arab markets in which there are export opportunities for chemical industries are Morocco, Tunisia, Algeria, Saudi Arabia, the UAE, Kuwait, Iraq, Jordan, Lebanon, and Sudan. It added that the value of export opportunities available to these markets is estimated at about $333m.
The study pointed out that the list of targeted European Union (EU) countries includes Germany, France, Italy, Spain, Greece, the UK, and Poland, as the export opportunities available estimated at about $366.5m. Turkey and Russia are among those Eastern European markets targeted by the available export opportunities with an estimated export value of $433.2m.
Regarding the Americas, the ECS’s study targeted markets in the US, Brazil and Canada, and estimated the value of export opportunities available to these markets stood at about $257.7m.
The study also monitored the value of export opportunities to the India, China, Korea, Japan, Malaysia and Indonesia markets, which it said stood at an estimated $338.9m.
ECS Head Ahmed Maghawry Diab said that the company had conducted a detailed study supported by statistics on the volume and structure of trade between Egypt and markets of some of most important foreign countries. The study looked at the field of chemical industries and fertilisers, according to the different geographical regions that have Egyptian commercial offices to boost the country’s exports.