Egyptian Steel Export Surge in 8 Months of 2021
Strategic Research Institute
Published on :
29 Sep, 2021, 5:32 am
Amwal Al Ghad reported that Egypt’s steel exports in the first eight months of 2021 have jumped by 197% YoY to USD 1.097 billion, from USD 369 million in the same period of 2020. According to the Egyptian Export Council for Building Materials monthly report “10 countries have had the lion’s share of the Egyptian iron and steel exports in the January-August 2021 period. They are Italy, Spain, Saudi Arabia, the United States, Canada, Brazil, Portugal, Belgium, Netherlands and Turkey.”
- Italy - USD 269.285 million
- Spain – USD 258.587 million
- Saudi Arabia – USD 100.503 million
- United States – USD 89.336 million
- Canada - 56.621 million
- Brazil – USD 50.932 million
- Portugal – USD 43.271 million
- Belgium – USD 28.495 million
- Netherlands – USD 18.272 million
- Turkey – USD 18.167 million
Egypt has exported iron and steel to 76 countries in the January-August period this year, including 18 markets that were not included in the January-August 2020 period. They are Pakistan, Djibouti, Ireland, Belize, Trinidad and Tobago, Peru, Federation of Nigeria, Guyana, Congo (Brazzaville), Mayotte, Burundi, Ecuador, Guinea, Iraq, Slovakia, South Africa, Czech, and Réunion IslandAmwal Al Ghad reported that Egypt’s steel exports in the first eight months of 2021 have jumped by 197% YoY to USD 1.097 billion, from USD 369 million in the same period of 2020. According to the Egyptian Export Council for Building Materials monthly report “10 countries have had the lion’s share of the Egyptian iron and steel exports in the January-August 2021 period. They are Italy, Spain, Saudi Arabia, the United States, Canada, Brazil, Portugal, Belgium, Netherlands and Turkey.”