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Exports rise 11 pct, imports slightly up 5 pct in 4 months
26 May 2021  -  Sector :  -  Entity :  -  Category : Trade News

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The markets of Turkey, US, Saudi Arabia, Italy and Malta accounted for 30.1% of Egypt’s total exports in January-April.

Cairo- May 26, 2021

Minister of Trade and Industry Nevine Gamea has announced that non-oil exports grew 11% year on year in the first four months of 2021 to around $9.8 billion, up from $8.853 billion.

Based on a recent by the General Organization For Export and Import Control, imports also increased slightly by 5% in the same period from a year ago, registering $23.13 billion, compared to $21.975 billion.

“Thanks to relentless efforts by the Ministry of Trade and Industry, Egypt has achieved a remarkable export rise and maintain its markets abroad amid the COVID-19 crisis,” Gamea said commenting on the report.

According to the report, the sectors of medical industries ($236 million), handicrafts ($93 million), engineering industries ($969 million), leather industries ($28 million), ready-made garments ($586 million) were the key drivers behind export growth in the January-April period, rising 60% 53% 48% 40% 35% respectively.

It also indicated that 30.1% of total Egyptian exports were destined for countries including: US, Turkey, Saudi Arabia, Italy and Malta, with values worth $676 million, $651 million, $633 million, $586 million and $406 million respectively.

On the other hand, the largest exporters to Egypt were: China, US, Germany, Russia and Italy, with values amounting to $4.109 billion, $2.98 billion, $1.345 billion, $1.118 billion and $877 million respectively, which together accounted for 41.2% of the country’s overall imports.



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