Non-Oil Exports Rise

Giving More to Your Wealth
22 Aug 2021

The Minister of Trade & Industry announced that Egypt’s non-oil exports have risen by 22% YoY in 7M21 to reach USD17.7bn. She said that the government’s swift and targeted policy response to the Covid pandemic was the main contributor to the resilience of export markets. July 2021 alone witnessed a 4% YoY increase in exports. During 7M21, exports to all the major regions have increased. Exports to the E.U. increased by 46% YoY to reach USD5.6bn, to the Arab League by 2% YoY to reach USD5.4bn, to non-Arab African countries by 26% YoY to reach USD1.7bn, and to the U.S. by 51% YoY to reach USD1.3bn. The top countries importing from Egypt during 7M21 were Turkey, the U.S., and Saudi Arabia. The Minister also mentioned that Egypt’s imports increased by 11% YoY in 7M21 to reach USD42.4bn. The top countries exporting to Egypt during 7M21 were China, the U.S., Germany, Turkey, and Russia.

(Source: Ministry of Trade & Industry (English) (Arabic), State Information Service (English) (Arabic), Arab Finance (English), Business Today Egypt (English), Zawya (English), Egypt Independent (English), Egyptian Gazette (English), Amwal al-Ghad, Mubasher, al-Youm al-Saabe, al-Masry al-Youm, al-Shurouk, al-Watan, CNBC Arabia, al-Arabiya, al-Sharq al-Awsat)

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