exports
He said that the Egyptian exports reached €1.192 billion in 2021 in comparison to €659 million in 2020 with an increase of 89.5 percent.
Egypt targets specific markets, the most important of which are Germany, the United Kingdom, France and the United States, in addition to the markets of the Gulf region.
The government has implemented a plan to rationalize electricity consumption in order to provide natural gas used in the stations in order to export it abroad in light of the high global prices.
Exports of fertilizer products registered $ 2 billion in the eight months, marking a rise of 53 percent in comparison with the same period last year.
In a statement Monday, the council said the US led the importing countries from Egypt in terms of ready-made garments, as its imports rose to $820 million in the first seven months in 2022 against $595 million in the same period 2021.
This came during a seminar organize by the FEC under the rubric "opportunities to develop Egyptian food industries exports" on the sidelines of SIAL Paris fair.
CAPMAS elaborated that exports decreased 3.3 percent, recording $3.75 billion in June 2022, compared to $3.88 billion during the same month of 2021.
The spokesperson highlighted that the export season has already begun, and that the amount shipped so far is 4.5 million tons.
Moreover, Egypt’s non-oil exports also achieved $19.4 billion, with an annual growth of 33 percent, he noted.
Egypt exports 90 percent of its produce annually with India being the top exporter followed by China and Bangladesh.
The amount of cotton production amounted to 2.3 million quintals in 2021, marking an increase of 33.3 percent on a year on year (YoY) basis.
The Central Agency for Public Mobilization and Statistics (CAPMAS) released a statement Tuesday detailing the exports, whose value declined in May 2022.
The World's Top Exports website released a report on the global sales of cement exports in 2021.
The value of food exports was $2.169 billion in the first half of 2022, compared with $2.118 billion in the same period of 2021.
The Chemical and Fertilizers Export Council (CEC) said that the sector's exports represented 22 percent of Egypt's non-petroleum exports.
The main food products exported from Egypt to Djibouti during the period from January to May were processed cheese ($308,318), tea ($287,002), sugar ($261,025), oil except of olive oil ($208,116).
Engineering exports witnessed a 4 percent increase in June 2022 compared to the same month 2021, reaching $303 million compared to $291 million in June of 2021, according to a press release.
Exports' value reached its highest levels in 2021 with a total value of $43.6 billion compared with $29.03 billion in 2020, added the report.
Egypt’s exports to Somalia increased 10.2 percent during 2021, recording $66.3 million, compared to $60.1 million in 2020.
The FEDCOC chairman said the Egyptian market is among most leading and promising markets in the globe in terms of luring direct investments, adding that economic reform programs the government has introduced succeeded in placing Egypt on road to real development.
