Africa receives Egyptian exports worth 1.8 billion dollars in 2021

yousef
2022-06-25T10:23:46+00:00
economyUncategorized
yousef29 January 2022Last Update : 2 years ago
Africa receives Egyptian exports worth 1.8 billion dollars in 2021

Egypt exported products worth $1.8 billion to the continent of Africa, excluding the Arab countries, during the past year, compared to $1.4 billion in 2020, an increase of 28%.

Africa acquired a share equivalent to 5.6% of the total Egyptian exports, estimated at $32.1 billion in 2021.

Egypt’s non-oil exports increased by 26 percent over the past year, according to data from the Ministry of Industry and Trade.

The United States of America topped the list of markets importing Egyptian products with a value of $2.4 billion, surpassing Saudi Arabia, which came in second with $1.99 billion, and Turkey, which came in third place, with $1.97 billion.

Italy came in fourth place with a value of $1.8 billion, surpassing the United Arab Emirates in fifth place with a value of $1.19 billion, Malta ($1.1 billion), Spain ($1.1 billion), Britain and Northern Ireland ($1.07 billion) and Libya ($938 million). and Canada ($823 million).

Top export sectors

According to a report prepared by the Foreign Trade Data Repository of the General Organization for Export and Import Control, the European Union accounted for the largest share of exports, receiving $9.1 billion, compared to $5.8 billion in 2020, an increase of 56%.

The United States of America ranked second with a value of $2.4 billion compared to $1.6 billion, an increase of 51 percent.

Other markets dominated the third place, with a value of $9.1 billion, compared to $6.9 billion during 2020, an increase of 31%.

In fourth place, Africa came without the Arab countries, with a value of $1.8 billion, compared to $1.4 billion during 2020, an increase of 28 percent.

The exports of 13 export sectors achieved a significant increase during 2021, according to the Minister of Industry.

The leather, footwear and leather products sector exported products worth $86 million, compared to $53 million in 2020, an increase of 64%, and the printing, packaging, paper, books and technical works sector amounted to $977 million, compared to $642 million in 2020, an increase of 52%, and the engineering and electronic goods sector with a value of 3.3 Billion dollars compared to 2.3 billion dollars during 2020, an increase of 46%.

The chemical products and fertilizers sector also exported products worth 6.7 billion dollars, compared to 4.6 billion dollars during 2020, an increase of 45%, and the ready-made garments sector worth 2.02 billion dollars, compared to 1.4 billion dollars during 2020, an increase of 39%.

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