Trade News
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Egypt plans to increase exports, attract 30 million tourists
The government aims to increase the growth rate of exports by more than 15 percent annually.
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Egypt plans to raise outsourcing exports to $9 bln by 2026
Egypt plans to expand outsourcing service exports to $9 billion by 2026, the cabinet said in a statement on Tuesday.
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Egypt's Investment, Foreign Trade Ministry to drive economic transformation
The objective is to fully leverage Egypt's capabilities across various industries, as outlined in the state ownership policy document.
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Egypt’s exports to international blocs reach $42bn in 2023: CAPMAS
Among these blocs, Egypt’s exports to the Arab Free Trade Area stood at $13.3bn in 2023 (up from $12.2bn in 2022, a 9.4% increase).
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PM: EU is Egypt's first strategic partners for trade, investment
The Egypt-European Investment Conference has contributed to enhancing strategic partnership between Egypt and European Union (EU).
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Egypt’s PM Mostafa Madbouly targets $100 billion exports by 2030
The meeting emphasized on several ways to make Egyptian products more competitive and increase their market share.
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Greece-Egypt investment relations on positive course
Sofia Efraimoglou, the president of the Athens Chamber of Commerce and Industry said Greek businesses are highly interested in the Egyptian market.
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PM follows up on recent developments of price reduction initiative
Madbouly emphasized that these efforts have contributed to a decline in inflation rates.
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Egypt’s exports to the U.S. rise by 34.5 percent in Q1 2024
Egypt targets $191 billion by 2026 from merchandise exports, tourism and Suez Canal revenues.
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Egypt merchandise exports up by 9.8% in first 5 months of 2024
Egypt’s non-oil exports from January to May 2024 reached $16.5 billion, up from $15.4 billion in the same period of 2023, marking a 9.8% increase.
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Egypt's Tahya Misr station receives 330 ships, 410K containers
The length of the station's quays is 2,300 meters, enabling it to handle 12-15 million tons of goods per annum and receive 6-7 ultra large ships.
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Egyptian exports to U.S. grow by 34.5% in Q1 of 2024
Garments topped the list with $168.9 million achieving a 9.2-percent growth. Yet, the growth occurred the most in the exports of fruits and vegetables
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Egyptian trade with G7 countries shrunk by 17% last year
Egyptian exports to the G7 countries saw a significant decline of 9.7% compared to the previous year, totaling about $8.6 billion in 2023.
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Trade exchange between Egypt, Arab states hit $26B in 2023
The top importers are Saudi Arabia with $2.7 billion; the UAE with $2.2 billion; Libya with $1.8 billion; Sudan with $984.4 million; and, Algeria.
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EGP 5 bln disbursed for 360 exporters
360 export companies have received their overdue receivables under the seventh phase of the Immediate Cash Payment initiative.
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Search CAPMAS: Egypt-Jordan trade exchange volume reached $864M in 2023
The value of Egyptian imports from Jordan reached $206 million in 2023, compared to $259 million in 2022.
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Egypt, EU probe private sector guarantees
Mashat and Koopman held a virtual meeting to follow up on the preparations for the investment conference between Egypt and the European Union in June.
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Supply of Furnishings
Alexandria: Supply of sportswear, gym equipment, plastic chairs & tables sets, and LED floodlights under four contracts.
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Egypt, Azerbaijan trade volume increases to $362.8M in 2023
Egypt's exports to Azerbaijan saw a surge, reaching $34.7 million in 2023, compared to $2.9 million in 2022.
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Egypt's agricultural exports record 4.5M tons at $2.6B since Jan. 2024
The minister highlighted that the main exported crops are citrus (1,978,112 tons), potato (862,226), onion (96,2860), and green beans (82,333).