Egypt’s exports reach all-time high of $32.1 bln in 2021

This significant rise was fuelled by the increase in global demand for Egyptian projects on the back of the great support the Egyptian government gave to production and export sectors amid the ongoing pandemic, according to Gamea.

The minister also pointed out that the cash repayment of exporter’s arrears has contributed to the significant leap in Egypt’s total exports.

“The state implemented several measures that resulted in attaining this record level of exports, including the reformation of the High Council of Exports under the chairmanship of Egypt’s President Abdel-Fattah El-Sisi as well as the reformation of export councils in all sectors, along with the trade agreements Egypt signed with various countries and global economic clusters,” said Gamea.

According to the trade ministry’s figures, the European Union topped the markets that received Egyptian exports in 2021 with a total value of $9.1 billion, increasing by 56 percent compared to 2020, when Egyptian exports there recorded $5.8 billion.