Egyptian Exports
To further this objective, a recent meeting was held, bringing together leaders and representatives from export councils.
Egypt's current annual exports amount to $53 billion and the PM expressed his desire to increase this figure by 17-18 percent by 2030, to reach almost $145 billion
According to the Turkish Exporters' Assembly, Turkish exports to the Egyptian market reached $872 million in the first quarter of this year,
The government has disbursed a total value of 54.5 billion pounds in support of exporters through initiatives addressing the payment of late dues to the Export Development Fund since October 2019
Despite the challenges posed by global and regional conditions that affect supply chains and the Egyptian government's decision to stop exporting some agricultural products to support the local market, the country's agricultural exports witnessed a healthy increase.
Madbouly inspected the artificial silk and polyester factory in Kafr El Dawar and is currently heading to the Alexandria port to supervise the release of goods from the port.
Notably, the United States emerged as the largest market for Egyptian clothing imports, with a value of $106 million in January 2024, compared to $90 million in January 2023, a growth rate of 18 percent
Breaking down the specifics, iron and steel exports surged by 65 percent to reach $2.3 billion in 2023, compared to $1.4 billion in 2022
This represents a 1.3 percent rise compared to the previous year when exports amounted to $438 million
The President of the Egyptian Ready-made Garments Export Council of Egypt (RMGEC), Marie Louis, stated that their goal for 2024 is to restore the positive performance of exports
During the first 11 months of 2023, the value of Egyptian exports to Libya increased to record $1.6 billion, compared to $1.1 billion during the same period in 2022, an increase of 48 percent
CAPMAS also showed that Egypt’s exports decreased by 20.6 percent reaching $3.21 billion during November 2023 compared to $4.04 billion during the same month of the previous year
During the first 11 months of 2023, Egypt's exports to Russia valued at $469 million, showing a decrease of 13.7 percent, compared to $543 million in 2022
During the first 11 months of 2023, the volume of trade exchange between Egypt and Somalia Surged by 26.5 percent, to record $56.3 million, compared to $44.5 million during the same period in 2022
During the first 10 months of 2023, the total Egyptian agricultural exports reached $3.5 billion, compared to $2.8 billion during the same period in 2022
This announcement was made during the opening ceremony of the PLASTEX 2024 and the Egypt Plast 2024 exhibitions
CAPMAS further indicated that Egypt's exports declined by 19.2 percent in October 2023, amounting to $3.23 billion, down from $4 billion in October 2022.
The manufacturing and extractive industries index, excluding crude oil and petroleum products reached 96.70 during October 2023 compared to 100.71 during September 2023
Arab countries came first as importers of Egyptian food products, amounting to 55 percent of the total market amounting to $2.344 billion in trade volume, reflecting a 21 percent increase compared to 2022’s previous data.
Notably, Brazilian exports to Cairo accounted for around $1.89 billion, whereas Egypt's exports to Brazil amounted to roughly $440 million
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