Egypt’s non-oil exports up 22 percent within 7 months

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Egyptian Minister of Trade and Industry Nevine Gamea announced Saturday that the nation’s non-oil exports have increased by 22 percent during the first seven months of 2021, totaling US$17.7 billion, compared to about $14.55 billion last year – an increase of $3.148 billion.

Gamea stated that this increase in Egyptian exports came thanks to great efforts made by the government to support all production and export sectors during the coronavirus pandemic, which contributed to the continued preservation of export markets.

Egyptian exports achieved a tangible increase in July by four percent, reaching $2.95 billion, compared to $2.11 billion in July 2020, rising by $74 million.

Gamea added that Egyptian imports also witnessed a slight increase during the first seven months of this year by 11 percent, reaching $42.39 billion, compared to $ 38.89 billion last year – an increase of $ 4.3 billion.

The minister added that the geographical distribution of Egyptian exports included the European Union with a value of $ 5.57 billion, compared to $3.82 billion during the same period of last year, an increase of 46 percent.

Exports to the Arab League totaled $5.35 billion, compared to $5.49 billion during the same period last year – a decrease of two percent.

Exports to non-Arab African nations reached $1.7 billion, compared to $799 million during last year, rising by 26 percent.

And exports to the US valued $1.29 billion, compared to $854 million during the same period last year, an increase of 51 percent.

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