Egypt's aluminum, copper exports hit $748m in 2020

Cairo – Mubasher: Egypt's exports of aluminum and copper grew by 5.3% to $748 million in 2020, compared to $710 million in 2019, the Middle East News Agency (MENA) reported.

Algeria, Italy, Turkey, Morocco, Greece, Libya, Sudan, Germany, Lebanon, and Spain accounted for 70.4% of Egypt's total exports of aluminum and copper in 2020, with a total value of $526.676 million.

Egypt's recorded a 7% increase in its aluminum exports to $575 million in 2020 from $539 million in 2019, as shown by a report by the Export Council for Building Materials, Refractory, and Metallurgy Industries (ECBM).

Italy topped Egypt's 65 aluminum importers with $285.513 million in 2020, representing 49.6% of Egypt's total exports of aluminum.

Meanwhile, Egypt's exports of copper and articles went up 1% in 2020 to $173 million last year from $171 million in the earlier year.

Algeria came on top of Egypt's 38 aluminum importers with $49.473 million, accounting for 28.6% of the country's total copper exports.

Mubasher Contribution Time: 01-Feb-2021 11:01 (GMT)
Mubasher Last Update Time: 01-Feb-2021 11:01 (GMT)