Gemstones- CC via Pixabay/ sarakgraves
CAIRO - 6 April 2022: Egypt's gems and jewellery exports rose by 40 per cent during January and February this year, to reach $320 million, against $299 million during the first two months of 2021.
The UAE topped the list of importing countries by $215 million, followed by Canada $105 million, and Germany $230,000, according to a monthly report by the Export Council for Building Materials, Refractory & Metallurgy Industries (ECBM), a copy of which was made available to MENA.
Egypt's gems and jewellery exports to the UAE and Germany registered a whopping 95 per cent and 47 per cent increase, respectively, during the report period.
Meanwhile, Bahrain came in the fourth place with $15,000, the same volume of last year, followed by Singapore $11,000, the United States $10,000 and Kuwait $3,000.
Exports to Kuwait have noticeably soared by 248 percent, compared to January and February of 2021.
Moreover, exports to the Netherlands and China amounted to only 2,000 and $1,000, respectively, during the report period.