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Exports rise 23 pct, imports up 11 pct in H1
19 July 2021  -  Organization :  -  Sector/Entity :  -  Category : Trade News

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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 textiles ($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, $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.

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