Latest in Trade Highlight
Latest in Trade
Egypt and Zimbabwe share a long history dating back to the 1960s, as most Zimbabwean liberation fighters lived and trained in Egypt
AfCFTA is a key solution that helps Africa strike a balance between climate action and sustainable development.
WTO Director General Dr Ngozi Okonjo-Iweala about why trade is important in tackling joblessness and inequality.
The minister noted that the ministry established 17 industrial complexes in 15 governorates at the level of the Republic at a total investment cost worth approximately EGP 10bn, with 5,046 industrial units.
30% of Egypt’s total exports go to Arab markets
The value of exports increased by 80.6% to $4.48bn in November 2021, compared to $2.48bn in November 2020, due to a price increase of some commodities, such as fertilizers by 83.3%, plastics in their primary forms by 51.9%, fresh fruits by 50.2%, and ready-made clothes by 31.5%.
Ministry of Trade and Industry is considering the land allocation system to determine the extent of the seriousness of investors, says Gamea
Wamkele Mene, the secretary-general of AfCFTA, said the conclusion of negotiations on rules of origin was an important milestone
23 new factories joined AECE last year
Egypt’s exports increased by 36.6% to $3.45bn during September 2021, versus $2.53bn in September 2020, due to an increase in value of some commodities such as: fertilizers by 90.2%, iron rods by 57.0%, dough and food preparations by 31.5%, and ready-made clothes by 22.6%.
Khaled Abu Al-Makarem, Chairperson of the Chemical and Fertilizers Export Council, said that the dream of all Egyptians is to achieve the $100bn in exports, especially investors and exporters who will reap the gains after achieving the dream.
The agency explained, in a report, that five African countries accounted for 94.7% of the Egyptian exports to the Nile Basin region in 9M 2021. Sudan topped the list by 52.7% or $588m worth imports from Egypt, followed by Kenya by 25.4% or $284m, Ethiopia by 7.1% or $80m, Uganda by 6.1% or $68m, and Tanzania by 3.3% or $37m.
Exports value increases by 50.5% to $3.26bn in August 2021
Egypt’s foreign trade increases 18.2% to $34.4bn in FY 2020/21, compared to $29.1bn in FY 2019/20
She noted that this growth is the result of an increase in exports to 23 European countries. In a Saturday press statement, the ministry indicated that Egyptian exports to Italy hiked by 51.6%, Spain by 77.5%, Germany by 22%, and the Netherlands by 30.7%.
On the other hand, Egyptian imports from Greece increased by 2.6% to $209.1m during the first half of 2021 compared to $203.8m in H1 2020
Country’s trade deficit reaches $3.1bn in April 2021, against $3.5bn for April 2020
This figure represents about 1.5% of the total number of importers, according to Matta Beshay, Head of the Internal Trade Committee at the Division of Importers at the Federation of Egyptian Chambers of Commerce (FEDCOC).
GAFTA receives majority of Egypt’s exports, with value of $9.8bn in 2020 compared to $10.1bn in 2019
Egypt looking to open new markets, especially as most countries are suffering from closures, unavailability of supply chains
Egyptian exports increased by 43.5%, reaching $3.41bn during March
Country’s exports have recorded 8% growth rate in the quarter, says GOEIC
Exports decrease by 2% to $2.69bn during February
Trade deficit decreases by 1% during first 3 months of 2021, says Minister Nevine Gamea
Noting in its Monthly Bulletin of “Foreign Trade Data” for January 2021, CAPMAS also said that Egypt’s deficit value of trade balance reached $3.15bn during the month, versus $3.85bn for the same month of previous year.
Egyptian food industry exports to Kenya record about $419m from 2014 to 2020
51 fully equipped industrial units delivered to 23 investors in Mahalla Al-Kubra, says Mohamed El-Zallat
Offer aims to achieve local and regional expansion
Country’s trade deficit reached $3.28bn in December 2020, versus $3.81bn in same month of 2019
Egyptian importers have criticised new customs law, although it provides new facilities, says FEDCOC official