Import Export News
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9 key updates on Egypt’s export drive
From settling arrears to exporters to cutting red tape at customs and targeting new markets, the government has laid out ambitious goals.
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Egypt’s exports jump 6.5% to $45.3 billion in 2024: CAPMAS
Egypt's total exports rose to $45.3 billion in 2024, up from $42.6 billion the previous year, a 6.5 percent increase.
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Egypt disburses 1st tranche of exporters’ arrears under new cabinet-approved mechanism
The current fiscal year has earmarked EGP 45 billion for the new export support and drawback programme, double the previous allocations.
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Egypt disburses EGP 5 bln in overdue export subsidies to 2,000 companies
Egypt’s Ministry of Finance will disburse EGP 5 billion on 7 August to 2,000 exporters, marking the first instalment of a new settlement mechanism.
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Egypt begins paying long-overdue export debts
The Ministry of Finance has earmarked EGP 25 billion for disbursement in August, delivering on a key promise to inject liquidity.
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Egypt unveils comprehensive new export rebate programme
The design of the new scheme drew upon international best practices, extensive public consultations, and a series of expert workshops.
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Egypt’s exports surge by 24% in February amid trade shifts
The surge comes amid other economic indicators improving, highlighting the country’s developing financial landscape.
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Morocco Eyes Major Export Boost to Egypt, Targets $500 Million by 2027
The ambitious goal comes after a high-stakes trade mission and signals a new phase in economic ties between the two North African nations.
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Egypt targets $145bln in exports by 2030
The Minister pointed to major infrastructure investments, including cities, ports, logistics hubs, and upgraded transport networks.
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Egypt Aims For $145 Billion In Exports By 2030
The government unveils new strategies to enhance competitiveness and diversify markets for Egyptian products.
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US imposes 10% tariff on goods imported from Egypt
The US imposes a 10% tariff on Egyptian imports, impacting textiles, metals, and food, reshaping bilateral trade amid rising protectionism.
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Egypt’s wheat imports forecast at 13 million tonnes
The largest suppliers to Egypt during the past five marketing years were Russia (34.6 million tonnes), Ukraine (10.4 million) and EU-27 (9.64 million)
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Indian group to build cold storage facilities to boost Egypt exports
El-Khatib emphasized Egypt's commitment to attracting Indian investments by fostering a business-friendly environment.
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Egypt food industry exports grow by 21% in 2024
Chairman of the Food Export Council (FEC), Mahmoud Bazan, said Egypt's food industry exports grew by 21 percent in 2024, exceeding $6.1 billion.
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Egypt targets $115.8 bln in annual exports by 2030
Egypt aims to increase its annual exports to reach $115.8 billion by 2030, Prime Minister Mostafa Madbouly said on Tuesday.
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Brazil’s corn exports to Egypt up by 174%
In 2024 Egypt imported USD 3.3 billion worth of agribusiness goods from Brazil, an increase of 91.4% compared to 2023.
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Egypt exports hit record $40 bln in 2024
Minister of Investment and External Trade Hassan ElKhatib announced Monday that Egyptian exports reached an all-time high of $40 billion in 2024.
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Egypt to limit car imports to 1 per importer over next 5 years starting Friday
The investment ministry noted that importers must provide a bank statement to confirm their financial capacity to make such purchases.
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Egypt Approves New Mechanism to Settle Exporters’ Dues
December saw updates to the export program, introducing revised percentages of foreign currency proceeds exporters are required to surrender.
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Food industry represents almost 14% of Egypt’s total exports
The food industry contributes approximately 14% of Egypt’s total exports, emphasizing its importance in driving economic growth.