Egyptian Exports
Egypt’s exports to Hungary reached $62.4 million during the first 8 months of 2023, compared to $51.8 million during the same period in 2022
The United Arab Emirates (UAE) ranked first as the largest importer of gold, precious stones and jewelry from Egypt with imports worth $534M
According to CAPMAS, the total value of exports to COMESA countries reached $3,544 million during 2022,
The company's total investments currently amount to EGP 2.5 billion, with export volumes reaching $20 million
The company plans to establish new buildings and production lines, a move that will not only boost its operations but also generate numerous employment opportunities for young individuals.
These sectors include computer manufacturing, electronic and optical products, and metal industries.
The source attributed the deficit’s decline to the country’s woes with foreign currency, leading to exports dropping by 3 percent to record $26.2 billion
According to a statement, the EEIGA will receive a paid-up capital of EGP 50 million and a total authorized capital of EGP 600 million
The first batch of supplies has already been shipped, and efforts are underway to coordinate with manufacturers for the preparation and dispatch of the second shipment
CAPMAS reported that Egypt's exports to Jordan reached $726.50 million in 2022, marking a 2.20 percent increase from $711.10 million in 2021.
Both initially agreed to partially trade in local currencies, which would account for approximately 25 percent to 30 percent of the total bilateral trade volume between Egypt and Turkey, according to El-Wathiq Billah
Trade overall between Egypt and COMESA jumped to $5.3 billion in 2022, up by 20.4 percent compared to 2021’s recorded $4.4 billion
The Minister of Trade and Industry Ahmed Samir reviewed Egypt’s exports 2022 numbers in France, Germany, Greece, Saudi Arabia, and Spain during a video conference with the heads of regional trade offices.
Egypt’s initiative allowing its expats to import cars free of taxes and customs duties will expire on Sunday 14 May, the Ministry of Finance announced in a statement.
The value of natural and liquefied gas exports declined by 12.2 percent to $1.33 billion during the same period in 2023, compared to $1.52 billion in January and February 2022
Egypt’s Prime Minister Mostafa Madbouli reviewed on Thursday a new program that aims at achieving a “substantial increase” in Egyptian exports as one of the most important sources of foreign currency.
Egypt’s exports rose by 20 percent in 2022 to reach $53.8 billion, up from $45 billion in the previous year, Prime Minister Mostafa Madbouli said on Wednesday, citing preliminary data.
A report by Ahmed El-Attar, head of the ministry’s Egyptian Agricultural Quarantine, has affirmed that the most prominent Egyptian agricultural exports this year are citrus fruits, potatoes, onions, grapes, tomatoes, sweet potatoes, strawberry, beans, guavas, mangoes, garlic, and watermelons.
Egypt’s exports to the European Union (EU) ranked first among these blocs as they rose by 85.9 percent from $7.8 billion in 2020 to $14.6 billion in 2021, the country’s statistical agency said.
The Chemical and Fertilizers Export Council said the sector's exports hit $2.875 billion during the period from January to July 2020, compared to $3.372 billion recorded during the same period in 2019, with a 15% decline.
