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Egypt’s Minister of Trade and Industry, Ahmed Samir, announced a significant increase in Egyptian merchandise exports during January and February 2024. The exports amounted to USD 6.12 billion, reflecting a 6 percent increase compared to the same period in 2023.
Egypt’s Minister of Trade and Industry, Ahmed Samir, announced a significant increase in Egyptian merchandise exports during January and February 2024. The exports amounted to USD 6.12 billion, reflecting a 6 percent increase compared to the same period in 2023.
The latest report received from the General Authority for Export and Import Control detailed the rates of Egyptian merchandise exports in January and February 2024.
The report highlighted the major markets that received Egyptian exports during this period. Turkey topped the list with imports valued at US$551 million, followed by the Kingdom of Saudi Arabia at USD 511 million. Italy ranked third with imports worth US$395 million, while Libya and the United States of America imported goods worth USD 337 million and USD 315 million, respectively.
The report provided insights into the key export sectors that contributed to the structure of Egyptian exports during the first two months of 2024. Building materials accounted for USD 1.177 billion, crops reached USD 939 million, and food industries generated -vows-to-improve-credit-rating-after-moodys-positive-rating/USD 873 million. Chemical products and fertilizers amounted to USD 871 million while engineering goods and electronics accounted for USD 809 million.
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Ready-made goods exports clocked at USD 465 million, and spinning and textiles amounted to USD 179 million. Printing, packaging, paper, books, and artistic works represented USD 153 million, while furnishings, medical industries, and furniture reached USD 94 million, USD 92 million, and USD 43 million, respectively. Handicrafts and leather, shoes, and leather products accounted for USD 36 million and USD 27 million, respectively.
