Trade News
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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).
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Egypt and Greece: Steps toward stronger connections
Egypt and Greece have taken significant steps to enhance their cooperation in energy, labor, and trade.
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Egypt to disburse LE 5B to 360 exporting companies
Once the allocated funds for the Instant Cash Payment initiative are disbursed, this figure is expected to increase to LE 70 billion.
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Total cooperation portfolio bet. Egypt, South Korea hits $1.3B
Al-Mashat emphasized Egypt's unwavering commitment to key priorities within the Korean-African partnership.
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UAE emerges as leading investor in Egypt
Yahya Al-Wathiq Billah, the head of the agency, highlighted the significance of economic relations in fostering strong ties between Egypt and the UAE
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23.2% decrease in trade deficit in March 2024: CAPMAS
The trade balance deficit reached $2.37bn during March 2024, compared to $3.09bn for the same month in the previous year.
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Egypt to unveil new investment opportunities for Arab, foreigner investors next month
The government will unveil several investment opportunities in key sectors during the joint investment conference between Egypt and the European Union
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Egypt gets cabinet approval for new private agricultural exports free zone
The first phase of the project is targeting an export volume of $200 million, which is expected to double once the second phase is completed.
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Volume of trade exchange bet. Egypt, Malaysia reaches $777M in 2023
The main commodities exchanged between the two countries included fresh oranges, natural calcium phosphate, and strawberries.