Egypt’s Printing & Packaging Exports Record Strong Growth
Egypt’s Export Council for Printing, Packaging, Paper, Literary & Artistic Works (ECPP) has announced a strong 25% growth this April, recording $89.2 million compared to $71.2 in the year-earlier period.
Chairman of the Export Council Nadim Elias stated that this positive performance reflects the increasing competitiveness of Egyptian industries in the packaging and printing sectors, particularly with the expansion of regional markets and greater demand for high-quality products.
“We are currently working to enhance the development of factories through innovation and simultaneously trying to increase participation in international exhibitions and strengthening trade relations with African and Gulf markets besides European and American markets, which are seeing increasing demand for smart and sustainable packaging products” explains Elias.
According to Essam El-Naggar, Chairman, General Organization for Export and Import Control (GOEIC), Egyptian exports totaled $12.67 billion during the first quarter of this fiscal, jumping by an impressive 27%. “The measures taken by the state, coupled with an attractive investment climate contributed to this increase” says El-Naggar.
The total value of Egyptian exports last financial year rose by about 5.4% year-on-year to reach $44.9 billion, according to data from the Central Agency for Public Mobilization and Statistics (CAPMAS), issued in March.
The Egyptian government plans to increase the value of exports to 145 billion Egyptian pounds by 2030 as part of its plan to increase dollar resources.
