Welcome to the new release of our monthly newsletter, Tankoil InspectTech Insider. In it, you will find our topic of the month as well as industry and company insights. Enjoy your reading, and let us know your thoughts, as they matter the most to us.
1-Topic of The Month,
Exploring New Horizons for Egyptian Exports: Bold Steps in Chemicals and Fertilizers
At the heart of this initiative is the Chemicals and Fertilizers Export Council, led by Khaled Abul-Makarem, chairman. During the International Manufacturing Convention and Exhibition (IMCE),
Abul-Makarem outlined the council’s forward-thinking agenda, which focuses on unlocking Africa’s vast potential and strengthening ties with Europe.
This initiative is more than just numbers, it’s about creating meaningful connections and leveraging Egypt’s capabilities to serve as a reliable partner in the chemicals and fertilizers sector.
Africa: A Promising Continent for Trade
Africa has long been recognized as a continent brimming with growth opportunities. In 2023 alone, Egypt exported chemical and fertilizer products worth:
- $18 million to Ivory Coast
- $7.7 million to Ghana
- $6.4 million to Kenya
- $2 million to Tanzania
These figures, sourced from the Chemicals and Fertilizers Export Council, underscore the potential for deeper market penetration.
The 2025 trade missions aim to build on these achievements by helping exporters understand local market dynamics, identify specific needs, and foster lasting partnerships with African businesses.
Shipping Subsidy: Empowering Exporters To make these opportunities more accessible, the council is offering a 50% shipping subsidy to exporters.
This support is critical for enabling businesses to enter distant markets and reduce logistical barriers, making Africa a viable destination for Egyptian trade.
Spain: A Gateway to European Markets
On the European front, Spain has emerged as a key partner for Egyptian exporters. In 2023, according to data from the Chemicals and Fertilizers Export Council, Spain
imported $297 million worth of chemical exports from Egypt. This makes Spain one of Egypt’s most significant trading partners in Europe.
The 2025 mission to Spain is not just about maintaining the status quo but exploring avenues for expanding market share.
By engaging with Spanish industries, Egyptian exporters can collaborate on innovative projects and strengthen the economic ties that bind these two nations.
Egypt’s Export Sector: Riding a Wave of Growth
The trade missions come at a time when Egypt’s export sector is on a growth trajectory. According to the Chemicals and Fertilizers Export Council, exports of chemicals and
fertilizers industries grew by 5% in the first nine months of 2024, reaching $6.5 billion, with expectations to close the year at $8.5 billion.
Star Performers: Plastics and Petrochemicals
Among the standout performers in Egypt’s export sector are plastics and petrochemicals.
These industries have shown remarkable growth, driven by innovation and increasing global demand:
- Plastic exports reached $2 billion by September 2024 and are projected to hit $2.5 billion by year-end.
- The petrochemicals sector experienced an extraordinary 71% growth, achieving $1 billion in exports in 2024.
These achievements highlight the Chemicals and Fertilizers Export Council’s focus on promoting high-potential sectors to drive Egypt’s export strategy forward.
Learning from Success: Trade Missions That Work
Egypt has a track record of successful trade missions, which provide valuable insights into how to navigate new markets.
For instance, the 2022 trade mission to Kenya, organized in collaboration with the Export Council for Building Materials and the Egyptian Trade Office in Nairobi, demonstrated how well-planned missions can yield significant results.
That mission enabled Egyptian businesses to:
- Conduct detailed market studies
- Gain legal insights into local trade practices
- Forge business agreements that laid the groundwork for future growth
These experiences are shaping the 2025 trade missions, ensuring they are strategically aligned with market needs and opportunities.
Vision 2030: A Roadmap for Export Growth
Egypt’s trade initiatives are deeply rooted in its broader economic goals. As part of Vision 2030, the country aims to boost its total exports to $140-145 billion by the end of the decade. This vision focuses on:
- Diversifying markets to reduce dependency on a few trading partners
- Tapping into high-growth sectors such as chemicals, fertilizers, plastics, and petrochemicals
- Strengthening global competitiveness through innovation and quality
The 2025 trade missions are a crucial step toward achieving these goals, providing a platform for Egyptian businesses to showcase their capabilities on the global stage.
Why This Matters
Trade missions like these are not just about increasing export numbers, they are about positioning Egypt as a global powerhouse in trade.
By focusing on chemicals and fertilizers, a sector where Egypt already has a competitive edge, the country is setting itself up for sustainable economic success.
Moreover, including both African and European markets highlights the balanced approach of targeting diverse regions, each offering unique opportunities.
Africa’s growing demand for industrial goods and Europe’s established trade partnerships make this a well-rounded strategy.
Looking Ahead: A Bright Future for Egyptian Exports
As Egypt prepares for its 2025 trade missions, the excitement within the business community is palpable. These missions represent more than just an economic initiative, they symbolize Egypt’s commitment to innovation, collaboration, and growth in the global market.
With robust data, strong leadership, and a clear vision, Egypt is expanding its reach and laying the groundwork for long-term partnerships that will benefit the economy for years to come.
The chemicals and fertilizers export sector alongside high-performing industries like plastics and petrochemicals will undoubtedly play a pivotal role in shaping Egypt’s future as a global trade leader.
2-Industry Insights
Egypt records an increase in exports of chemical and fertilizers products in 2024
Exports of petrochemical products also showed growth, increasing by 71 percent to US$1 billion, while exports of glass products increased by 22 %.
The business sector explores collaboration with Turkish Fertilizer Company IGSAS
Minister of Public Business Sector, Mohamed Shimi, recently met with a delegation from IGSAS, a leading Turkish fertilizer producer
Egypt’s food industry exports hit $5.1bln in 10 months
The increase of $770 million in the first 10 months of 2024 reflects the highest growth rate and export value in the sector’s history.
Egypt, Saudi Arabia discuss cooperation in the farming domain
The two sides also addressed key mutual issues during the 16th Conference of the Parties to the UN Convention to Combat Desertification (COP 16).
Delayed Grain: Egypt’s Russian Wheat Import Commences
This first dispatch, amounting to 63,000 tonnes, is slated to reach Egypt before the end of 2024, per the sources’ information.
Egypt and Jordan Strengthen Cooperation in the Natural Gas Sector
Eng. KarimBadawi, Egypt’s Minister of Petroleum and Mineral Resources, and Dr. SalehAl-Kharabsheh, Jordan’s Minister of Energy and Mineral Resources, witnessed the signing of a cooperation agreement in Cairo
3- Company’s updates
Last November, we turned our garden into a playground of laughter, teamwork, and connection. We had riddles, friendly contests, and, a barbecue that made the cool air feel just right.
This isn’t just about an event. It’s about the values that make us who we are: generation diversity, gender equality, and the power of unity.
It’s been wonderful Exhibiting, reconnecting with our valued clients, and meeting new faces who share the same passion for quality and safety in the food industry.
It’s been a fantastic opportunity to connect with industry leaders and showcase our expertise in testing, inspection, and certification for fruits, vegetables, and food products.
