Import Export News
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23.2% decrease in trade deficit in March 2024: CAPMAS
The trade balance deficit reached $2.37bn during March 2024, compared to $3.09bn for the same month in the previous year.
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Egyptian merchandise exports reach $13bn in first 4 months of 2024
Egyptian merchandise exports reached $12.91 billion during the first four months of 2024, reflecting an annual 10 percent increase.
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Egyptian Exports to Arab Nations Reach USD 13.6 Billion
Saudi Arabia emerged as the top importer of Egyptian goods, with imports totaling USD 2.7 billion.
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Global inflation raises Egypt’s import bill by $4 bln monthly
Egypt's import bill rose by $4 billion per month due to the rise in global prices, increased shipping costs, and exchange rate fluctuations.
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Egyptian-Turkish business relations in 2024: A new era of cooperation
After nearly a decade of strained relations, marked by political and ideological conflicts, both countries have made strides in rebuilding relations.
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Egypt's exports of food products grow by 31% in Q1 of 2024
During the first 10 months of 2023, the total Egyptian agricultural exports reached $3.5 billion, compared to $2.8 billion in 2022.
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Egypt's Engineering exports record unprecedented high levels
The figures showed that the after Egyptian engineering exports recorded levels that are the highest in the history of Egyptian engineering exports.
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Tunisia's COFICAB Company to boost Egypt’s exports, targeting $200M in exports by 2027
This came during the meeting on Tuesday 23/4/2024 with Prime Minister, Mostafa Madbouly to follow up on the company’s recent developments.
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Tunisia's COFICAB Company to boost Egypt’s exports, targeting $200M in exports by 2027
The company's products already boast a significant local component percentage of approximately 55 percent at the initial production stage.
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Egypt seeks US$145 billion in exports in 2030
There are many incentives provided by the state to support the export program and to develop well-studied plans on the ground to achieve the goal.
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Egypt exports potatoes to Morocco and fresh strawberries to Canada
Industry specialists from EastFruit posit that these nascent markets pose considerable challenges due to their unique market dynamics.
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Turkish exports to Egypt reaches $872M in Q1 of 2024
Among the leading destinations for Egyptian exports in Q1 2024, Turkey emerged as a key player with trade valued at $874 million.
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Egypt’s merchandize exports up 5.3% YoY in Q1 2024
Türkiye topped the list of importers of Egyptian merchandize exports during Q1 of 2024, with $874 million, followed by Saudi Arabia and the UAE.
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Exploring Egypt's export burden rebate program: 5 key insights
With over 1,100 companies embracing this initiative, we explore the key insights driving Egypt's export revolution.
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Egypt's new budget to boost exports by LE 23B: Finance Minister
The agreement with the International Monetary Fund (IMF) is expected to bring in foreign exchange inflows surpassing $20 billion.
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Egyptian Customs Releases 25,000 Cars In Zero-Customs Import Program
This program puts Egypt on the road towards securing a greater amount of foreign currency.
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Egypt’s tax-free car import initiative generates $685M in revenues
Ghatoury further informed that payment orders had reached $1.6 billion by the end of the previous week, with a total of 464,000 beneficiaries.
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PM Madbouly discusses boosting Egyptian exports with trade minister
Samir said the strategy aims to increase industrial output by 20 percent annually and provide 7 to 8 million jobs.
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Egypt’s annual polyester imports amounts to $800M: PM
Madbouly inspected the artificial silk and polyester factory in Kafr El Dawar, and is currently heading to the Alexandria port.
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Egypt's commodity exports recorded more than $35bln in 2023: Industry minister
He attributed the increase in exports to the high demand on Egyptian commodities after opening new markets for exports.