Egyptian exports witnessed an increase of 4% to $2.95 billion,
shipments to US jump 51% during the month of July.
Minister of Trade and Industry Nevine Gamea has announced
that non-oil exports grew 22% year on year in the first seven months of 2021 to
around $17.701 billion, up from $14.552 billion, based on a recent by the General
Organization for Export and Import Control
“The export growth is thanks to persistent efforts by the
government to support the productive and export sectors during the Covid-19 crisis,”
Gamea said, noting that Egyptian exports witnessed an increase of 4% during the
month of July to $2.95 billion.
Similarly, imports rose slightly by 11% in the same period
from a year ago, registering $42.396
billion, compared to $38.89
to the EU posted $5.574 billion, Arab League countries $5.356 billion, Africa -excluding Arab countries- $1.7 billion, the US $1.290 billion and other markets $4.474 billion, rising 46%, 2%, 26%, 51%, 25%
According to the report, 12 sectors were the key drivers
behind export growth in the January-July period, among which are: medical
industries ($382 million), leather ($47 million), engineering industries and
electronics ($1.685 billion), furniture ($145 million), ready-made garments ($1.83
billion), chemicals and fertilizers ($3.481 billion), with an increase of 43% 54%
45% 19% 44% and 37% respectively.
It also indicated that during the first seven months of the
year, Egyptian exports were destined for the markets of the US, Saudi Arabia, Turkey,
Italy, the UAE, Malta, Britain and Northern Ireland, Libya, Spain and Sudan, with
respective values worth $1.29 billion, $1.116 billion, $1.81billion, $999 million,
$726 million, $715 million, $597 million, $509 million, $609 million and $459
On the other hand, the top 10 exporters to Egypt over the same period were: China, US, Germany, Turkey, Russia,
India, UAE, Saudi Arabia, France, and Ukraine with values amounting to $7.582 billion, $3.336 billion, $ 2.441 billion, $2.1
billion, $1.875 billion, $1.623 billion,
$1.359 billion, $1.216 billion, $1.17
billion and $1.14 billion respectively.