Egyptian exports witnessed a significant increase of 30%
during the month of June to $2.837 billion.
Cairo- July
19, 2021
Minister of Trade and Industry Nevine Gamea has announced
that non-oil exports grew 23% year on year in the first half of 2021 to around $15.37 billion, up from $12.543 billion,
based on a recent by the General Organization for Export and Import Control (GOEIC).
“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 a significant increase of 30%
during the month of June to $2.837 billion.
Similarly, imports rose slightly by 11% in the same period
from a year ago, registering $36.591 billion, compared to $32.942 billion.
Geographically-speaking, exports
to the EU posted $4.823 billion, the Arab
League countries $4.711 billion, Africa
-excluding Arab countries- $843 million, the US $1.69 billion and other markets
$3.924 billion, rising 43%, 1%, 25%, 51%
and 26% respectively.
According to the report, 12 sectors were the key drivers
behind export growth in the January-June period, among which are medical
industries ($340 million), leather ($42 million), engineering industries and
electronics ($1.467 billion), furniture ($132 million), ready-made garments ($916
million), chemicals and fertilizers ($2.953
billion), with corresponding increases of 51% 57% 53% 38% 48% and 37%.
Other sectors included: handicrafts ($138 million), home
furnishings ($301 million), printing and artworks ($411 million), food
industries ($2.35 billion), textiles ($432
million), and finally agricultural industries ($1.661 billion), up 65%, 45%, 31%,
14%, 24% and 6% respectively.
The report also indicated that during the first six months of
the year, Egyptian exports were destined for the markets of the US, Saudi
Arabia, Turkey, Italy, Malta, UAE, Britain and Northern Ireland, Libya, Sudan
and Germany with respective values worth $1.69 billion, $969 million, $968
million $890 million, $589 million, $668 million dollars, $526 million, $450
million, $392 million and $390 million.
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 $6.513 billion, $3.17 billion, $2.102 billion, $1.639 billion, $746
billion, $1.383 billion, $1.378 billion, $1.108 billion, $1.16 billion and $881 million respectively.