Egypt: Trade Ministry - Non-Oil Exports Up to U.S.$12.323 in 5 Months

Trade and Industry Minister Nevine Gamae has said that Egypt's non-oil exports increased by 19 percent during the first five months of 2021.

In a statement on Sunday 20/6/2021, Gamae put the value of non-oil exports at 12.323 billion dollars up from about 10.375 billion during the same period in 2020.

The government is credited for that, said the minister, pointing to efforts to support the production and export sectors during the coronavirus pandemic.

She added that the economic reform program is the main pillar of achieving positive growth rates, especially where production projects are concerned. This translated into rises in exports and jobs, Gamae noted.

May exports tangibly increased by 50 percent on the same month in 2020, going up to 2.288 billion dollars from 1.5222 billion.

Egypt's imports over the first five months of 2021 slightly upped by 10 percent, reaching 29.161 billion dollars compared with 26.422 billion during the same period last year, the minister further said.

According to Gamae, exports to the EU reached 3.885 billion dollars, followed by Arab countries with exports worth 3.719 billion dollars. Exports to Africa without Arab countries amounted to 661 million dollars and exports to the US reached 852 million dollars, she said. Gamae put the value of exports to other markets at about 3.206 billion dollars.

More From: Egypt Online

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