Egypt Sets New Record with $3.2 Billion in Gold Exports in Early 2025

Egypt’s gold industry is off to a historic start in 2025, with exports of gold and gold jewelry soaring to an unprecedented $3.2 billion in the first quarter alone. According to Ehab Wassef, Head of the Gold and Precious Metals Division at the Chamber of Metallurgical Industries, this marks the highest quarterly export value the sector has ever recorded.

In his statement, Wassef broke down the figures: January saw $929.5 million in exports, followed by an exceptional $1.804 billion in February, with strong momentum carrying through March. Major export destinations included the UAE, Saudi Arabia, and Turkey, in addition to key markets across Europe and North America—particularly the U.S.

Wassef highlighted that this growth reflects the division’s broader ambition for gold exports to contribute at least 5% of Egypt’s total merchandise exports in the near future.

Looking ahead, he expressed confidence that Egypt is on track to become one of the world’s top 10 gold-exporting nations by 2027. The country’s climb from 94th place in 2022 to 54th in 2023 in global gold jewelry export rankings underscores this progress.

He reiterated the division’s dedication to reinforcing Egypt’s global position in the gold trade, citing strong government backing as a key driver behind this export success.