03 Nov 2021

During 9M21, Egypt’s exports of cement have shot up by 202% YoY, while exports of iron & steel also skyrocketed by 193% YoY. Cement exports reached 76 countries, including 22 additional countries versus 9M20. The top importers included Spain as well as a large number of African countries. Iron & steel witnessed a similar story, with exports reaching 77 countries, including 19 additional countries versus 9M20. The top importer by far was Italy, and other top importers included Spain, the U.S., Canada, Brazil, Portugal, Saudi Arabia, and a number of African countries. Exports of iron & steel to Italy alone have increased during 9M21 by a whopping 994% YoY, and to the U.S. by 993%.

(Source: See News (English), al-Maal (1) (2), Mubasher (1) (2), Amwal al-Ghad (1) (2), al-Borsa News (1) (2), Economy Plus Me, al-Ahram (1) (2), al-Youm al-Saabe (1) (2), al-Masry al-Youm (1) (2), al-Shurouk, al-Arabiya)