Egyptian exports witnessed a significant increase of 50%
during the month of May to $2.288 billion.
Minister of Trade and Industry Nevine Gamea has announced
that non-oil exports grew 19% year on year in the first five months of 2021 to around
$12.323 billion, up from $10.375 billion, based on a recent by the General
Organization for Export and Import Control
“The economic reform program adopted by the government has
had a great impact on local production, prompting export growth and creating
new jobs,” Gamea said, noting that Egyptian exports witnessed a significant
increase of 50% during the month of May to $2.288 billion.
Similarly, imports increased slightly by 10% in the same
period from a year ago, registering $29.161 billion, compared to $26.422 billion.
According to the report, 12 sectors were the key drivers
behind export growth in the January-May period, among which medical industries ($280
million), leather industries ($35 million), engineering industries ($1.180 billion),
furniture ($104 million), ready-made garments ($719 million), chemicals and
fertilizers ($2.401 billion), rising 55% 54% 52% 29% 46% and 32% respectively.
It also indicated that during the first five months of the
year, Egyptian exports were destined for the markets of the US, Saudi Arabia, Turkey,
Italy, Malta, the UAE, Britain and Northern Ireland, Libya, Sudan and Germany, with
respective values worth $852 million, $788 million, $786 million, $709 million,
$507 million, $432 million, $408 million, $365 million, $320 million and $309
Geographically-speaking, exports to the EU posted $3.885 billion, Arab League countries $3.719 billion, Africa -excluding Arab countries- $661 million , the US $852 million and other markets $3.206 billion.
On the other hand, the top 10 exporters to Egypt over the same period were: China, US, Germany, Russia,
Turkey, Italy, India, Saudi Arabia , Brazil and Ukraine with values amounting
to $5.128 billion, $2.550 billion, $1.685 billion, $1.325 billion, $1.377 billion, $1.117 billion, $1.66 billion, $875 million, $800
million and $772 million respectively.