Egypt's chemical and fertilizer exports have experienced a significant boost, recording a 10% increase between January and July 2025 compared to the same period last year, totaling $5.3 billion, according to the Export Council for Chemical Industries.
Khaled Abu El-Makarem, Chairman of the Council, emphasized that the target for the year remains ambitious, aiming to reach $10 billion in total chemical exports by the end of 2025. The strong growth is attributed to a number of positive factors, primarily the policies and initiatives adopted by the Ministry of Investment and Foreign Trade in coordination with the Ministry of Finance and other relevant authorities.
One key aspect contributing to this positive momentum is the government's focus on reducing customs clearance times, which have already been cut from 14 days to 5.8 days, with the goal of reaching just two days by the end of the year. This reduction has not only helped lower import and storage costs but has also improved the competitiveness of Egyptian products in global markets.
Abu El-Makarem also highlighted the collaboration between the Ministries of Investment and Finance, which has contributed to a more favorable investment environment. A notable achievement was the agreement to apply a solidarity tax on corporate profits rather than total revenues, now set at 0.25% of annual revenues for companies and individual establishments.
Regarding the export rebate program, Abu El-Makarem acknowledged concerns from exporters about the reduction in support rates. However, he pointed out the important gains achieved under the new program, which has expanded the base of beneficiaries and increased the financial allocation to EGP 45 billion. This includes both basic and additional support, alongside the digitization of disbursement procedures through the Export Development Fund, which has significantly sped up the disbursement of export dues, now processed within 90 days at most.
Egypt Exports
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