Import Export News
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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.
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Egyptian exports to Libya reach $1.6 billion in 2023
The value of Egyptian exports to Libya reached $1.6 billion during this period, compared to $1.1 billion during the same period in 2022, marking a 48%
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Egyptian exports 2023/24 forecast to increase by 25 percent
Most orange exporters are producers who own packing facilities approved for export by the government.
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EU accounts for 27% of Egypt’s total trade: Commissioner Varhelyi
Commissioner of the European Commission Oliver Varhelyi announced that the EU is Egypt's primary trading partner.
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To support exports: Egypt inks agreement with Italy for Ro-Ro cargo line
Egypt signed an agreement with Italy for cargo transport through the roll-on/roll-off (Ro-Ro) system capacity of 420 trucks every week.
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Red Sea Crisis Disrupts Egypt’s Orange Exports
The suspension of shipping operations has posed a severe crisis for Egyptian citrus producers and exporters.
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Egypt’s women’s clothing exports reach $2.2bn in 11M 2023
Spain was the top European importer of clothing, with a value of $116m in the first 11 months of 2023, compared to $87m in the same period of 2022.
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Egypt's zero-customs car import initiative sees demand surge
Egypt's zero-customs car import initiative has seen an influx in demand in the first two months of its second phase.
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Egypt’s exports drop 22% YoY in nine months
Egypt’s exports dropped 22 percent year-on-year (YoY) to $30.8 billion during the first nine months of 2023.
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Egypt’s exports to Africa rise 13 percent in 10 months
Egypt’s exports to Africa surged 13 percent year-on-year (YoY) to $6 billion between January and October, Minister of Trade and Industry said.
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Morocco and Egypt seem to be great beneficiaries of Brexit
Both countries have experienced a significant increase in the value of their exports to the United Kingdom.
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Egypt's food exports surge by 15% in first 10 months of 2023: Food Export Council
Egypt's food exports increased by 15 percent, reaching $4.3 billion during the first 10 months of 2023, up from $3.8 billion.
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Egypt-Brazil Trade Exchange Hit $2.4 Billion
Brazilian Ambassador to Egypt said that that commercial and investment activities between the two countries have steadily increased in the past years.
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Non-oil and petroleum industries drive increases in both exports and imports of 2022, CAPMAS
Non-oil exports saw a 9 percent year-on-year (YoY) growth, reaching $35.50 billion by the end of 2022, up from $32.60 billion.