exports
Exports hiked 31.5 percent to reach $2.94 billion in July 2021, compared to $2.24 billion during the same month of 2020.
The cabinet's information center said non-petroleum exports rose by 15.4 percent to stand at dlrs 7.5 billion in the first quarter of 2021 against dlrs 6.5 billion in the first quarter of 2020.
Trade Minister clarified that the number of applied companies reached 1634 companies.
A statement issued by the council said the exports increased 60 percent during the aforementioned period registering $200 against $125 million in the corresponding period of the previous year.
Abdullah said in a statement, Wednesday that Egypt's exports of engineering products currently represent 15 percent of the total Egyptian exports.
He added that the chemical sector is the winning horse in the African continent for Egyptian exports, so it is working hard to develop our presence in the African market, at a time when fertilizer exports alone amount to about $1.2 billion during 2020.
CAPMAS clarified that Egypt’s exports to Brazil recorded $245.6 million during the first half of 2021, compared to $89.4 million during the same period in 2020, marking an increase of 174.6 percent.
She added that the African market is one of the main destinations for Egyptian exports of chemical industries, and the council has developed an implementation plan to overcome the challenges facing increasing exports, strengthening trade relations and providing information on Africa and the products traded in the market.
Molla, for his part, called for exerting more efforts to raise the efficiency of petroleum projects and increase productivity in light of the updated national plan for the petrochemical industry.
Gamea added in a statement that Egyptian exports to the Korean market increased by 11.3 percent during the first half of this year, reaching $247 million, compared to $222 million during the same period last year.
The “Mercosur” agreement is a free trade agreement between Egypt and the countries of the grouping, which is an economic bloc of the Common Market of Southern Latin American countries, and this grouping includes (Argentina, Brazil, Uruguay, and Paraguay).
The new tranche of customs cuts comes as a continuation of the list of goods that were completely freed from customs duties during September last year, which included about 600 goods.
The Council indicated in a statement that the exports of March 2021 are the highest value of exports for the period from January to July of 2021, with a value of $384 million.
Gamal added during a seminar organized by the Agricultural Export Council that since the entry into force of the agreement in 2017, the volume of Egyptian exports has doubled, rising from $113.1 million in 2016 to $395.8 million in 2020, while the volume of Egyptian imports declined from $4 billion in 2016 to $3 billion in 2020.
Head of the Export Council for Ready-made Garments Marie Louis, said in a statement Wednesday the sector's exports rose by 55 percent in June to reach $199 million, compared to $128 million during the same month last year.
The report issued by the Agricultural Export Council showed an increase in the total quantities exported from the sector during the period from September 2020 to June 2021, to record about 3.971 million tons, compared to 3.755 million tons during the same period from 2019/2020, with a growth of 5.7 percent.
CAPMAS said exports hiked 80.3 percent to reach $3.11 billion in May 2021, compared to $1.72 billion during the same month of 2020.
The panel discussion displayed the opportunities and challenges impacting Egyptian exports to fellow African countries.
The engineering exports rose in the first half of the 2021 by 54 percent, reaching $1.462 billion compared to $950 million during the same period of the 2020.
In its monthly bulletin issued on Monday, the council said exports reached 850,955 tons at a value of $128 million compared with 563,611 tons worth $67 million a year earlier.
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