CAIRO – 08 May 2023: Egypt showed a significant increase in the value of exports, which recorded $51.6 billion in 2022 up from $27.6bn in 2014, according to a report highlighting Egypt’s export figures and trade indicators published by The Egyptian Cabinet’s Media Center.
The report revealed that Egypt’s ranking in international trade indicators improved, evolving 14 places to 82nd in the infrastructure and market access index in 2023 from 96th in 2013.
Egypt’s increased in the trade openness index, to record 43.27 percent in 2019 compared to 36.92 percent in 2014, noting that the index depends on the total country’s exports and imports as a percentage of GDP.
The report highlighted a decline in the trade balance deficit as a percentage of GDP. It recorded 9.1 percent in 2021 - 2022, compared to 11.2 percent in 2013 - 2014.
Egypt also moved 9 places to 65th in the index of regional trade agreements in 2021 compared to the 74th place in 2015, the report highlighted, noting that the index depends on the numbers of trade agreements in force regarding goods and services.
Egypt advanced 1.8 points in the trade and business index to score 4 points in 2023 comparedto 2.2 points in 2020.
From the period of 2014 to 2022, exports of machinery and electrical appliances increased by 30 percent to record $2.6 billion, compared to $2 billion. Exports of fruits and vegetables increased by 100 percent to record $2.2 billion, compared to $1.1 billion. Exports of clothing and related accessories increased by 78.6 percent to record $2.5 billion, compared to $1.4 billion.
In addition to that, the report revealed that the most prominent commodities that were exported in 2022 compared to 2014, indicating an increase in fuel exports by 190.5 percent, to record $18.3 billion compared to $6.3 billion, while fertilizer exports increased by 312.5 percent, to record $3.3 billion compared to $0.8 billion. Plastics exports increased by 55.6 percent, to record $2.8 billion, compared to $1.8 billion.
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