Egypt’s non-oil exports reach $9.8 bn in 4M 2021: Trade Minister

Published 27 May,2021 via Daily News Egypt - Egypt’s Minister of Trade and Industry Nevine Gamea has announced that the country’s non-oil exports achieved a tangible increase of 11% to reach $9.8hn during the first four months (4M) of 2021.

The latest divs compare to the $8.853bn in non-oil exports achieved during the same period of 2020.

Gamea said that Egyptian imports saw a slight increase of 5%, reaching $23.13bn in the same period, compared to $21.975bn during the first four months of last year.

Ismail Gaber, Chairperson of the General Organization for Export and Import Control (GOEIC), said that the largest sectors among Egyptian exports during the period include: medical industries, with a value of $236m compared to $148m during the same period last year, reflecting an increase of 60%; and the handicrafts sector, with a value of $93m compared to $61m, an increase of 53%.

Meanwhile, the engineering industries, accounted for a value of $969m compared to $655m, an increase of 48%; the leather and shoe industry, with a value of $28m compared to $20m, an increase of 40%; and garments, with a value of $586m compared to $433m, an increase of 35%.

He added that four countries accounted for 30.1% of total Egyptian exports, including theUS which accounted for $676m of Egypt’s total exports, and Saudi Arabia which accounted for a total of $633m. Meanwhile, Italy accounted for $586m of Egyptian exports, and Malta accounted for $406m.

On the most important exporting countries to the Egyptian market, Gaber said that five countries accounted for 41.2% of the total Egyptian imports abroad, including China with a value of $4.109bn. This was followed by the US with a value of $2.098bn, Germany with a value of $1.345bn, Russia with a value of $1.118bn, and Italy with a value of $877m.

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