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| Egyptian exports of goods |
Engineer Ahmed Samir, the Egyptian Minister of Trade and Industry, announced that Egyptian merchandise exports continued to rise for the fifth month in a row, reaching about 16 billion and 551 million dollars during the first 5 months of 2024, compared to 15 billion and 74 million dollars during the same period in 2023, a difference of 477 billion dollars. million dollars, an increase of 9.8%
This came in the context of the latest report the minister received from the General Authority for Export and Import Control on Egyptian merchandise export indicators during the first 5 months of the current year.
The Minister said that the Ministry aims, during the next phase, to increase Egyptian commodity exports to various regional and global markets, through the concerted efforts of the Ministry and its affiliated agencies with the business community and Egyptian exporters.
In a way that contributes to increasing the quality and competitiveness of Egyptian products in the local and foreign markets, and thus achieving the state’s goals aimed at bringing Egyptian commodity exports to about 100 billion dollars annually.
He explained that the largest receiving markets for Egyptian merchandise exports during the first 5 months of this year included the Kingdom of Saudi Arabia with a value of one billion and 391 million dollars, Turkey with a value of one billion and 310 million dollars, the United Arab Emirates with a value of one billion and 133 million dollars, Italy with a value of 974 million dollars, and the United States of America with a value. $904 million.
The Egyptian Minister of Trade and Industry indicated that the tangible increase in exports of various productive sectors is due to the opening of a large number of factories during the last period, especially in the engineering industries sector.
The Egyptian Minister of Trade and Industry pointed out that the most prominent export items that achieved an increase in the structure of Egyptian commodity exports during the period from January to May 2024 included fresh and dried citrus fruits worth $721 million, wires worth $353 million, and manufactured petroleum oils worth $186 million.
