Egypt’s exports of cement hit $19M in 2 months

CAIRO – 22 April 2019: Egypt’s exports of cement declined during the first two months of 2019 to $19 million, compared to $23 million during the same months of 2018, according to Export Council for Building Materials (ECBM).

ECBM clarified in a report that cement exports in February recorded $8 million, compared to $9 million in the same months of 2018, noting that Egypt exported cement to 26 countries during February including five new countries which are: Japan, Cyprus, Slovenia, Spain, France and China.

The report pointed out that the Libyan market is ranked first in terms of cement importing countries by $2.9 million compared to $1.2 million during the same month of 2018, with an increase of 144 percent, followed by Yemen with $1.5 million, compared to $1.6 million, with a decline of 6 percent.

Cement exports to the United States amounted to $1.13 million, compared to $742,000 in February 2018, with an increase of 53 percent, followed by Saudi Arabia with $396,000, compared to $450,000 in February 2018, with a decrease of 12 percent.

Lebanon came in the fifth place with a value of $360,000, compared to $300,000 in the same month last year, with a rise of 20 percent.

The expected revenues of iron and cement in the upcoming budget of fiscal year 2018/2019 recorded LE 300 million ($17 million) of the total revenues of LE 989 billion.