exports
The decline was attributed to a slight increase in Egyptian exports which was up by 0.8 percent to reach $3.29 billion compared to $3.26 billion recorded in April 2023
Egypt's exports of strawberries represented 2 percent of the amount of Egyptian exports and 6 percent of the value of exports.
Egypt's agricultural exports of vegetables and fruits showed that Egypt succeeded in exporting 1.143 million tons of citrus fruits with a financial value of $576 million.
Garments topped the list.
Trade between Egypt and G7 countries dipped in 2023, dropping by 17% to around $26 billion, reported the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday
Exports and imports recorded $13.6 billion and $12.4 billion, respectively.
The minister of agriculture highlighted the main exported crops.
Ministry of Industry stated $2.8 billion in construction materials exports in the first 4 months of 2024
According to Sherif Al-Sayyad, Chair of Egypt's Engineering Export Council, April 2024 reported a record 50.3 percent increase in engineering exports, the highest in the sector’s history, reaching $431.5 million, compared to $287.1 million in April 2023
The minister pointed out that Egypt ranked first in the exports of orange and frozen strawberry.
Chairman of the Food Export Council (FEC) Hany Barzi told press Tuesday.
That was in a meeting with Prime Minister Mostafa Madbouli Wednesday.
Egyptian exports witnessed a major boom in 2022, growing by 19.4% percent. The total value of exports rose to $52.1 billion, compared to $43.6 billion in the previous year.
During the first quarter of FY2023/2024 (July – September 2023), Egypt’s foreign trade volume hit $24.595 billion, dropping by around 18 percent compared to the first quarter of FY2022/2023
The figures showed that the after Egyptian engineering exports recorded levels that are the highest in the history of Egyptian engineering exports.
She noted that in spite of the anticipated economic growth deceleration in 2024 due to Middle East conflicts, the rate is projected to surpass regional average.
Turkey, Saudi Arabia, the United Arab Emirates, Italy, and the United States were the top destinations for Egyptian commodity exports.
The union aims to bring the exports to new record levels, after the food industries sector succeeded last year in achieving $5.1 billion during the year 2023.
The data from CAPMAS revealed that the value of exports experienced a decline of 15.6 percent during January 2024, amounting to $3.46 billion, compared to $4.10 billion in January 2023.
The primary objective of this program is to stimulate the growth of Egypt's exports, boost production levels, and generate more employment opportunities.
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