Egypt’s exports rise 16% in September to $2.5 billion

Egypt’s exports rise 16% in September to $2.5 billion
Egypt’s exports rise 16% in September to $2.5 billion

Nevin Gamea, Minister of Trade and Industry, announced that Egyptian non-oil exports achieved a significant increase during September of 2021 by 16%, to reach $2 billion and 560 million, compared to $2 billion and 212 million in September 2020, by a difference of $349 million.

According to a statement from the Ministry of Trade and Industry today, Wednesday, the minister said that Egyptian imports also witnessed a significant decline during the month of September, reaching 4 billion and 914 million dollars, compared to 5 billion and 297 million dollars during the month of September of 2020, a decrease of 7%.

She explained that this decline, along with the increase in exports, contributed to a 24% decrease in the trade balance deficit, as it recorded $2.353 billion, compared to $3.85 billion in September 2020, with a difference of $732 million.

Gamea said that the positive indicators that were achieved during last September come as a continuation of the rates of increase witnessed by Egyptian merchandise exports since the beginning of this year, which reached about 25% during the first 9 months of 2021 compared to the same period last year.

She added that this reflects the great efforts made by the government to support the production and export sectors during the crisis of the emerging Corona Virus “Covid 19” pandemic, which contributed to the continued rotation of the production wheel and the preservation of export markets.

Jameh pointed out that this also comes after the approval of the new program for export support, which represents a basic pillar to achieve the objectives of the ministry’s plan to reach the value of exports to 100 billion dollars annually.

She stated that the geographical distribution of Egyptian exports during last September included the European Union with a value of 739 million dollars, compared to 463 million dollars during the same period last year, an increase of 60%, and the United States of America with a value of 205 million dollars, compared to 135 million dollars during the same period last year. An increase of 52%.

The geographical distribution of Egypt’s exports during September also included Africa, excluding the Arab countries, at a value of 171 million dollars, compared to 131 million dollars during the same period last year, an increase of 31%, and other markets with a value of 686 million dollars, compared to 593 million dollars during the same period last year, with an increase An increase of 16%, according to the minister.

Jameh said that 10 export sectors witnessed a significant increase in their exports during the month of September of this year, including the printing, packaging, paper, books and technical works sector, with a value of 91 million dollars, compared to 52 million dollars during the same period last year, an increase of 76%.

She added that these sectors also included the engineering and electronic goods sector with a value of 324 million dollars, compared to 242 million dollars during the same period last year, with an increase of 34%, and the leather, shoes and leather products sector with a value of 7 million dollars compared to 5 million dollars during the same period of the year. last year, with an increase of 33%.

These sectors also included the furniture sector with a value of 57 million dollars, compared to 45 million dollars during the same period last year, an increase of 26%, and the ready-made garments sector with a value of 176 million dollars, compared to 146 million dollars during the same period last year, an increase of 21%.

The export sectors also included the chemical products and fertilizers sector with a value of $469 million compared to $396 million during the same period last year, an increase of 18%, and the medical industries sector with a value of $55 million compared to $49 million during the same period last year, an increase of $55 million. 11%.

The sectors included the agricultural crops sector with a value of 107 million dollars, compared to 97 million dollars in the same period last year, an increase of 11%, and the spinning and textiles sector, with a value of 81 million dollars, compared to 74 million dollars during the same period in 2020, an increase of 9%, and the food industries sector with a value of $326 million, compared to $306 million during the same period in 2020, an increase of 6%.

The report indicated that the top 10 receiving markets for Egyptian exports during September of this year included the United States of America, the Kingdom of Saudi Arabia, Turkey, Italy, Malta, the United Arab Emirates, Spain, Britain and Northern Ireland, Libya and Sudan.

He stated that the top 10 exporting countries to the Egyptian market during September of this year included China, the United States of America, Germany, Turkey, Italy, Russia, India, the UAE, Saudi Arabia, Brazil and Argentina.

 
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