Trade News
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Egypt-Belgium trade exchange hits $2bln in 11 months
Egyptian exports to Belgium during the January-November period of 2021 were valued at $411.6m, jumping by 75.5% year-on-year (YoY) from $234.5m.
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63.1% decrease in trade deficit during November 2021
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
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Egypt to implement new import rules in March
Egypt has struggled to contain a rising import bill and a current account deficit that widened to $18.4 billion in 2020/21 FY.
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Egypt to boost trade with Libya, Jordan
The talks were held on the sidelines of the 109th meeting of the Economic and Social Council of the Arab League.
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Egypt among top 10 investment destinations in Africa
Egypt’s economic growth rate increased by 9.8 percent in the first quarter of the fiscal year 2021-2022.
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Egypt-US Trade Volume Reaches Hit $9.1 Bln
Antar explained that the value of Egyptian exports to the United States amounted to $3.3 billion during 2021.
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Netherlands receives first-ever LNG shipment from Egypt
The shipment comes as Europe seeks to fill its needs for gas amid fears of a gas supply crisis.
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Int'l coop. ministry launches development partners' map
In its 2021 annual report, the ministry said that the map sheds light on the distribution of projects funded by multilateral and bilateral partners.
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Egypt’s FM attends 3rd session of Egypt-Oman business council
Shoukry called on Omani investors and private business owners to make the best use of the mega economic and developmental projects in Egypt.
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Egypt-Ukraine trade exchange forecasted to exceed $2bn in 2021
Ukraine considers Egypt key country in maintaining peace, stability in Africa, Middle East.
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Korea, Egypt to begin joint study on free trade deal
Moon arrived in Cairo a day earlier, marking the first Korean presidential visit to Egypt in 16 years.
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Egypt’s exports reach all-time high of $32.1 bln in 2021
Egypt’s non-oil exports reached an all-time high of $32.1 billion in 2021, up from the $25.4 billion recorded in 2020 — an increase of 26 percent.
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Japanese companies view Egypt as a business destination
New Japanese companies plan to head to the Egyptian market and to inject fresh investments in the country over the coming period.
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Trade Min., USACC delegation discuss enhancing trade relations
The meeting focused on means to boost cooperation between the Egyptian government and the USACC to better promote Egyptian exports to the US market.
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Submissions to receive exporters’ arrears to open on 30 January
Egypt’s Ministry of Finance will open submissions for the second round of the fourth phase of the initiative to repay exporters’ arrears from 30 Jan.
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418 tons of goods handled at Red Sea port
The RSPA said in a statement that the volume of exports reached 371 tons of goods, 202 trucks and eight cars.
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Trade Ministry works on legitimising informal businesses
The law allows informal business owners to obtain licenses in a simple and motivating manner.
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Suez Canal records highest revenue ever
In 2021, the Suez Canal recorded revenues of $6.3 billion, this represents an increase of 12.8% compared to 2020.
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Trade exchange between Egypt, Russia hits $3.3 bln
The volume of trade exchange between Egypt and Russia hit $3.3 billion from January to September 2021.
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Egypt’s trade exchange with South Korea up 46.9%
Trade exchange between Egypt and South Korea recorded $1.8 billion, up from $1.2 billion in the corresponding period of 2020.