29 Nov 2021
CAPMAS (The Center for Public Mobilization & Statistics) reported that Egyptian exports have shot up by 40% YoY during 9M21 to reach USD29.7bn. During the same period, imports rose by only 16%. The G20 bloc was the biggest recipient of Egyptian exports, followed by the E.U. then Arab countries. Exports to China increased by 111%, to India by 82%, to Spain by 80%, to Italy by 70%, to the U.S. by 64%, to Libya by 61%, to the U.K. by 51%, to France by 51%, to Saudi Arabia by 33%, and to Turkey by 25%.
The most exported goods, in order of value, were fuels and mineral oils, plastics and related products, electrical and mechanical machines and devices, iron and steel and related products, and ready-made garments. In August 2021, Egypt’s trade deficit had shrunk by 18% YoY.
(Source: Mubasher (English), Zawya (English), al-Ahram (English) (Arabic), See News (English), al-Maal, Amwal al-Ghad, al-Borsa News, Economy Plus Me, al-Youm al-Saabe, al-Masry al-Youm, al-Shurouk, al-Dustour, Akhbar al-Youm, al-Sharq Business)