Egypt’s cement exports drop 18% in 1Q2020, ceramics down 13%

We don’t export much cement, and the volume of what we do export slumped in the first quarter. Egypt’s exports of cement dropped 18% y-o-y in 1Q2020 to USD 31 mn, compared to USD 38 mn in 1Q2019, according to figures (pdf) from the Export Council for Building Materials, Refractories, and Metallurgy Industries. The government had been expected last year to start working on an export subsidies program for cement producers, and encourage companies in a sector suffering from chronic oversupply to seek contracts with Africa.

Other export figures released by the council include copper, aluminum, ceramics, and pipes. You can find the full list of first quarter figures here.