Egypt’s merchandise exports grew by 6% in 2024

CAIRO – 11 March 2024: Minister of Trade and Industry, Ahmed Samir, announced a significant increase in Egyptian merchandise exports during January and February 2024. The exports amounted to $6.12 billion, reflecting a 6 percent increase compared to the same period in 2023.

 

The Minister's statement was based on the latest report received from the General Authority for Export and Import Control, which detailed the rates of Egyptian merchandise exports in January and February 2024.

 

CAIRO – 10 March 2024: The report highlighted the major markets that received Egyptian exports during this period. Turkey topped the list with imports valued at $551 million, followed by the Kingdom of Saudi Arabia at $511 million. Italy ranked third with imports worth $395 million, while Libya and the United States of America imported goods worth $337 million and $315 million, respectively.

 

Furthermore, 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 $1.177 billion, agricultural crops reached $939 million, and food industries generated $873 million.

 

Additionally, chemical products and fertilizers amounted to $871 million, while engineering goods and electronics accounted for $809 million.

 

Ready-made clothing reached $465 million, and spinning and textiles amounted to $179 million. Printing, packaging, paper, books, and artistic works represented $153 million, while furnishings, medical industries, and furniture reached $94 million, $92 million, and $43 million, respectively. Handicrafts and leather, shoes, and leather products accounted for $36 million and $27 million, respectively.

 

The report also highlighted specific customs items that experienced an increase in Egyptian exports during the first two months of 2024. Fresh and dried oranges topped the list with a value of $296 million, followed by nitrogen fertilizers at $268 million. Gold exports amounted to $211 million, while insulated wires and cables reached $229 million. Finally, petroleum oils accounted for $215 million.