Egypt’s value of exports witness a $24B increase in 8 years

 Egypt showed a significant increase in the value of exports, which recorded $51.6 billion in 2022 up from $27.6bn in 2014, according to a report highlighting Egypt’s export figures and trade indicators published by The Egyptian Cabinet’s Media Center.

The report revealed that Egypt’s ranking in international trade indicators improved, evolving 14 places to 82nd in the infrastructure and market access index in 2023 from 96th in 2013.

Egypt’s increased in the trade openness index, to record 43.27 percent in 2019 compared to 36.92 percent in 2014, noting that the index depends on the total country’s exports and imports as a percentage of GDP.

The report highlighted a decline in the trade balance deficit as a percentage of GDP. It recorded 9.1 percent in 2021 - 2022, compared to 11.2 percent in 2013 - 2014.

Egypt also moved 9 places to 65th in the index of regional trade agreements in 2021 compared to the 74th place in 2015, the report highlighted, noting that the index depends on the numbers of trade agreements in force regarding goods and services.

Egypt advanced 1.8 points in the trade and business index to score 4 points in 2023 comparedto 2.2 points in 2020.