Non oil Exports
The last two months reported consistent growth, with non-oil exports reaching $29.713 billion by the end of September and increasing by 12.2 percent by the end of October.
In its quarterly non-oil merchandise exports report, the IDSC reported an increase of 10.4 percent in non-oil exports during the July-September period to reach $8.5 billion compared to the $7.7 billion recorded in Q3 2022
Moreover, Egypt’s non-oil exports also achieved $19.4 billion, with an annual growth of 33 percent, he noted.
Egyptian exports during the first quarter of 2022 included the African continent excluding the Arab countries at a value of $515 million, compared to $382 million during the same period of 2021, with an increase of 35 percent.
Oranges and strawberries are among the largest exports, and many export sectors such as the pharmaceutical sector have been helped and all exporters' arrears have been paid since 2016.
An IDSC report pointed to an increase in Egypt's non-oil exports to the EU countries during the third quarter of 2021, putting the total value at about $2.2 billion compared with $1.3 billion during the same period in 2020.
The report of the General Organization for Export and Import Control showed that all industrial sectors achieved high growth rates during the 10 months, despite the negative repercussions of the Corona pandemic.
Egypt's imports increased by 16 percent from January to September 2021 to hit $ 61 billion, against $ 52.4 billion of the corresponding period of 2020.
European Union countries imported Egyptian goods worth $ 739 million this year against $ 463 million last year while the United States imported Egyptian goods estimated at $ 206 million against $ 135 million last year.
Egyptian exports witnessed a significant increase during May by 50 percent, recording $2.288 billion, up from $1.522 billion during the same month of prior year.
The minister said that Egyptian imports also witnessed a slight increase by 5 percent, reaching $23.13 billion, compared to $21.97 billion during the same period last year.
The center said a 2% increase was also recorded in the Egyptian non-petroleum imports to 16.99 billion dollars in comparison with 16.68 billion dollars at the relevant period in 2020.
Soya bean exports topped the list of the 20 most exported commodities, followed by sugarcane, fresh fruits and cheese, the report added.
CAPMAS noted that non-oil imports amounted to about $6.179 billion in April, compared to $4 billion in the same month of 2019, marking a decrease of 35.2 percent.
Gold exports topped the list of the 20 most exported commodities, followed by petroleum oils, monitors, perfume ingredients, suits, jackets and shirts.
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