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Egypt exports to EU rise 38 pct in 8 months
6 November 2021  -  Sector :  -  Entity :  -  Category : Trade News

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Exports to the European Union grew significantly thanks to an export growth to 23 EU countries, mainly: Italy, Spain, Germany and the Netherlands.

Brussels- 6 Nov 2021  

Egyptian non-oil exports to the European Union grew significantly by 38% year on year to € 4.1 billion during the first eight months of the year, up from about € 2.9 billion in 2020, according to a recent report by the Egyptian commercial office in Brussels.

"The export growth was thanks to the increase in shipments to 23 EU countries, mainly: Italy by 51.6%, Spain by 77.5%, Germany by 22%, and the Netherlands by 30.7%," Minister of Trade and Industry Nevine Gamea said.

The report stated that the top sectors that witnessed a major year-on-year export growth during the January-August period were: plastics (€494.7 million), fertilizers (€378 million), iron and steel (€526.5 million), iron and steel products (€26.5 million), aluminum (€266.7 million), and organic chemicals (€120.9 million), increasing 50%, 33%, 431%, 98%, 28% and 26%.

Other sectors included: fruits, machinery, electrical equipment, garments, glass and its products, cotton and ceramics.

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