Import Export News
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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.
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Volume of Egyptian exports rise by 19.4% in 2022: CAPMAS
Among Egypt's exports in 2022, finished goods held the highest share at 41.2 percent of the total export value, followed by fuel at 33.5 percent.
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Egypt’s trade deficit hits $3.14B in September 2023: CAPMAS
The report indicates a notable decline in the value of exports, which amounted to $2.94 billion during September 2023.
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CAPMAS: Egypt‘s Exports to Cyprus Jumps 20.3% to $70.5 Mln
The report stated that the value of Egyptian imports from Cyprus amounted to $8.4 million during the first nine months of 2023.
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Egyptian engineering exports surge 8.5% to $3.5bn in 10M 2023
The EECE’s monthly report highlighted that engineering exports in October 2023 alone achieved a remarkable 22% growth.
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Egypt’s new foreign currency VAT doesn’t apply to imports: Minister
Egypt doesn’t collect the value-added tax in foreign currency on imports but on goods and services that are typically paid for in foreign currency.
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Egypt releases $63 billion worth of imported goods with $5 billion remaining in ports
Egypt has released imported goods valued at $63 billion from its ports since the beginning of 2023.
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Trade Between Saudi Arabia & Egypt Hit USD 20.4 Billion in 2022
This marks a 40% increase compared to trade between Saudi Arabia and Egypt in 2021.
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Egypt and Belgium Company Sign MoU to Evaluate Exporting Renewable Energy to Europe
The core of the project involves the installation of a subsea cable with a minimum capacity of two gigawatts.
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Egyptian exports to African countries to rise by 10 percent by end of 2023 to $5.5B
El-Gabaly stressed that Egypt plays an important role as a reliable gateway to Africa during the IATF 2023 event held in Cairo.
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Nile Basin Countries’ exports reach $1.7B in a 7.3% increase: CAPMAS
CBE report revealed that international trade during the financial year 2022/2023 reached $110.407 billion.
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Egypt readies launch of new ECA
In recent weeks, Egypt’s legislature passed a bill enabling the creation of the Egyptian Export and Investment Guarantee Agency (EEIGA).
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Egypt's Exponential Rise in Exports to Saudi Arabia in 2023
Egypt's exports of melons to Saudi Arabia has doubled in just eight months of 2023, setting new records for the year.