Ministry of Planning: Volume of Egyptian exports rises to $52.1 billion during 2022

CAIRO - 30 April 2024: Egyptian exports witnessed a major boom in 2022, growing by 19.4% percent. The total value of exports rose to $52.1 billion, compared to $43.6 billion in the previous year.

 

A report by the Ministry of Planning and Development confirmed that this remarkable growth is in line with Egypt’s ambitious economic goals and confirms the country’s commitment to strengthening the export sector, as Egypt aims to achieve a total annual export value of $100 billion in 2030, and this strategic goal reflects the government’s determination to diversify and expand its export base. Thus driving economic growth, creating job opportunities and enhancing prosperity.

 

The report continued that this strong export performance confirms Egypt's growing competitiveness in global markets, and also highlights the success of various initiatives aimed at enhancing trade and investment.

 

The report indicated that Egypt plays a pivotal role in revitalizing international supply chains, as major improvements are currently being made in the country’s ports along the Red and Mediterranean Seas, and there are also ongoing plans to build a series of dry ports, integrated with road and railway links that connect sea ports to destinations. Ministry of Interior, stressing that these efforts aim to enhance competitiveness and stimulate import and export activities.

 

The report explained that the main initiatives include establishing a highway linking Egypt with nine other African countries, with the aim of enhancing Egypt’s export capabilities across the continent, and a high-speed railway line is being developed to connect Egyptian ports along the Red and Mediterranean coasts of Bahrain, facilitating communication with other regions within the country.

 

The Minister of Planning confirmed that Egypt is equipped with the infrastructure and expertise necessary to facilitate the access of international companies to markets throughout Africa, the Middle East, and Europe, with stable legal and regulatory systems and a business-friendly environment, noting that Egypt includes 54 seaports, of which 18 are commercial ports located along the coasts of the White and Red Sea.