Import Export News
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Brazil’s corn exports to Egypt up by 174%
In 2024 Egypt imported USD 3.3 billion worth of agribusiness goods from Brazil, an increase of 91.4% compared to 2023.
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Egypt exports hit record $40 bln in 2024
Minister of Investment and External Trade Hassan ElKhatib announced Monday that Egyptian exports reached an all-time high of $40 billion in 2024.
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Egypt to limit car imports to 1 per importer over next 5 years starting Friday
The investment ministry noted that importers must provide a bank statement to confirm their financial capacity to make such purchases.
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Egypt Approves New Mechanism to Settle Exporters’ Dues
December saw updates to the export program, introducing revised percentages of foreign currency proceeds exporters are required to surrender.
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Food industry represents almost 14% of Egypt’s total exports
The food industry contributes approximately 14% of Egypt’s total exports, emphasizing its importance in driving economic growth.
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Egypt to launch ambitious export support program in FY2025/26
Speaking at the sixth annual Hapi, Kouchouk emphasized the government’s commitment to supporting export activities.
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Egypt’s food industry exports hit $5.1bln in 10 months
The increase of $770 million in the first 10 months of 2023 reflects the highest growth rate and export value in the sector’s history.
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173,000 tons of Egyptian food products exported on November 23-29
Citrus was in the lead of exported fruit list with 18,000 tons exports to be followed by strawberry at 5,000 tons.
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Egypt's exports to Spain record €1.265B
Spain is the second-largest market for Egyptian exports, valued at €1.265 billion, with the total trade volume nearly €3 billion.
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Machinery tops Egypt's imports from G20 countries in 2024
The value of Egyptian imports from the G20 amounted to about $46.6 billion during the mentioned period, compared to $40.7 billion.
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Saudi Arabia tops list of BRICS states importing from Egypt
The value of Egyptian exports to the Kingdom amounted to about $2.2 billion, reported CAPMAS.
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Prime Minister reviews progress of export burden refund program
Starting from July 1, 2024, the minimum local content for exports benefiting from the program will be set at 35 percent, with increases planned.
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Egypt eyes $15 billion African export market by 2025
This plan aims to open new markets for Egyptian products, particularly in Africa, and to leverage the logistics centers.
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Egypt joins Fund for Export Development in Africa
President Abdel-Fattah El-Sisi has issued a presidential decree to approve Egypt's membership at the Fund for Export Development in Africa (FEDA).
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Egypt should invest $40-$50 bln to reach $140 bln in exports
Egypt should invest $40-$50 billion to reach $140 billion in exports, Minister of Investment and External Trade Hassan ElKhatib said.
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Egypt aims to increase electronics exports by 8% annually
The program aims to enhancing Egypt's position as a regional center for the electronics industry.
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Infograph: Egypt exports growth in 2023
This is especially after the announcement of the new government's programme, which included raising exports to $130 billion until FY2026/2027.
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Egypt's agriculture exports surpasses 5.6M tons in 2024
Citrus fruits constituted a substantial portion of these exports, totaling 2,077,386 tons.
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Egypt's merchandise exports to Saudi Arabia hit $1.587B during H1 of 2024
Egyptian exports to Saudi Arabia mainly consisted of medicines, carpets, vegetables, citrus fruits, copper, and wires.
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5 new ways the government is supporting Egyptian exporters
From immediate cash payments to enhanced cooperation with the banking sector, the measures aim to provide financial support and stability to exporters