Latest in Tag: Exports Highlight
Latest in Tag: Exports
Trade exchange figures contribute to 21% decrease in Egyptian trade deficit with France
The engineering exports rose in the first half (H1) of 2021 by 54% reaching $1.462bn compared to $950m during H1 of 2020.
Country’s apparel exports rise 36% in first four months of 2021
GAFTA receives majority of Egypt’s exports, with value of $9.8bn in 2020 compared to $10.1bn in 2019
Egypt looking to open new markets, especially as most countries are suffering from closures, unavailability of supply chains
The country’s engineering exports rose by 49% in the first four months (4M) of fiscal year (FY) 2020/21 reaching $967.7m. This compared to the $650.2m recorded during the same period of FY 2019/2020.
The latest figures compare to the $8.853bn in non-oil exports achieved during the same period of 2020.
Country’s exports have recorded 8% growth rate in the quarter, says GOEIC
Over 10 virtual conferences gathered Egypt with China, EU, Ukraine, South Korea, and UACCIAP members
Engineering, electronic sector represents Egypt’s fourth largest exports segment in Q1
Trade deficit decreases by 1% during first 3 months of 2021, says Minister Nevine Gamea
COVID-19 pandemic revealed importance of focusing on scientific research related to health sector
US agricultural exports to Egypt also increased 23% to $2bn last year
10 countries account for 64% of sector’s exports during the year
1,069 companies receive EGP 13.5bn in export subsidy under 1st phase of initiative
The International Finance Corporation (IFC) announced a financing package, on Tuesday, for leading glassware manufacturer Pasabahce Egypt for Glass Manufacturing, to help the company boost exports, introduce cleaner production practices, and create jobs.
Egypt’s chemical industries exports to Turkish market amounted to $766m in 2020, increase of 12% compared to 2019
Fruits have lion’s share of Egypt’s food export to China, says Chinese Embassy
Country’s exports stood at EGP 22.8bn in 11M of 2020
Egypt’s trade deficit decreased by 28.8% to $2.9bn during October 2020, versus $4.1bn for the same month of previous year, according to a report by the Central Agency for Public Mobilization and Statistics (CAPMAS).
Executive Director of EECE, May Helmy, said that Tabseer will support the Egyptian companies to obtain the necessary quality and conformity certificates needed to enter not only the Gulf markets, but also the Middle East and North Africa (MENA) markets.
Japanese Ambassador invites Egypt to participate in Expo 2025 in Osaka
The bulletin reviewed the volume of trade, including exports and imports, with Sudan, Ethiopia, Uganda, Congo, Kenya, Tanzania, Rwanda, Burundi, and Eritrea.
During the first meeting of the Joint Egyptian-UAE Business Council, Gamea said that the UAE investments in Egypt exceed $7bn in different projects, with additional $7bn worth memoranda of understanding signed between the two countries, making the UAE the top investor in the Egyptian market.
The price of the main raw material polypropylene amounted to $985/tonne, down 2.9% q-o-q and 9.4% y-o-y.
This year’s exports reflected a rise of about 76% on the previous year.
A report published by the Ministry of Planning and Economic Development, on the development of Egypt’s green product trade balance, has revealed that the value of the country’s green exports reached $11.2bn during the 2015-2019 period.
The total exports value of non-petroleum products reached $25.5bn in 2019, compared to $24.6bn in 2018, reflecting an increase of 3.9%. At the same time, the total value of exports of petroleum products and electricity increased 5.3% to reach $5.0bn in 2019, compared to $4.7bn in 2018.
The report shows that these exports amounted to $3.959bn during this time period, compared to $3.299bn during the same period in 2019.
Pandemic has taught Nestlé and FMCG companies to revisit sourcing strategies, diversify product ranges, and assess resilience of supply chain