Egyptian Exports Rise 6.5% to USD 45.3 Billion in 2024

Egypt’s total exports rose 6.5% to USD 45.3 billion in 2024, up from USD 42.6 billion in 2023.

Data from the Central Agency for Public Mobilisation and Statistics shows that non-oil exports were the main driver, increasing 14.4% to USD 39.9 billion, while petroleum and electricity exports fell 29.1% to USD 5.5 billion.

Finished goods accounted for 54.1% of exports, with semi-finished goods at 23.2% and raw materials at 11.2%. Amongst leading items, gold and platinum-coated raw forms reached USD 3.2 billion, up 77.7%.

Ready-made garments rose 17.2% to USD 2.8 billion, plastics and plastic products increased 27.3% to USD 2.3 billion, iron and iron products grew 4.4% to USD 2.3 billion, and insulated electrical wires and cables climbed 23.6% to USD 1.4 billion.

Saudi Arabia was the top destination, receiving 7.7% of total exports as shipments rose 31.1% to USD 3.5 billion. Turkey ranked second with a 7.6% share, with exports down 6% to USD 3.4 billion.

The United Arab Emirates came third at 7.2%, with exports up 47.5% to USD 3.3 billion. Italy followed with 7.1%, with exports down 1.5% to USD 3.2 billion. By economic bloc, Arab countries received 36.2% of Egypt’s exports, Western Europe 25.9%, and Eastern Europe 18.1%.