Import Export News
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Egypt’s exports to the U.S. rise by 34.5 percent in Q1 2024
Egypt targets $191 billion by 2026 from merchandise exports, tourism and Suez Canal revenues.
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Egypt merchandise exports up by 9.8% in first 5 months of 2024
Egypt’s non-oil exports from January to May 2024 reached $16.5 billion, up from $15.4 billion in the same period of 2023, marking a 9.8% increase.
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Egyptian exports to U.S. grow by 34.5% in Q1 of 2024
Garments topped the list with $168.9 million achieving a 9.2-percent growth. Yet, the growth occurred the most in the exports of fruits and vegetables
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EGP 5 bln disbursed for 360 exporters
360 export companies have received their overdue receivables under the seventh phase of the Immediate Cash Payment initiative.
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Egypt's agricultural exports record 4.5M tons at $2.6B since Jan. 2024
The minister highlighted that the main exported crops are citrus (1,978,112 tons), potato (862,226), onion (96,2860), and green beans (82,333).
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Egypt to disburse LE 5B to 360 exporting companies
Once the allocated funds for the Instant Cash Payment initiative are disbursed, this figure is expected to increase to LE 70 billion.
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UAE emerges as leading investor in Egypt
Yahya Al-Wathiq Billah, the head of the agency, highlighted the significance of economic relations in fostering strong ties between Egypt and the UAE
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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.