Egypt’s merchandise exports soared by 9.8 per cent year-on-year in the first five months of 2024 to reach $16.55 billion, according to a top official.
Exports increased every month over the period, underscoring the north African country’s ongoing expansion in global trade, according to Egypt’s Minister of Trade and Industry Ahmed Samir.
Notable items that contributed to the growth included fresh and dried citrus fruits valued at $721 million, wires at $353m, and manufactured petroleum oils at $186m. Key export sectors also included building materials, valued at $3.86bn, the food industry at $2.64bn, and chemical products and fertilisers estimated at $2.49bn.
Agricultural crops were worth $2.26bn, according to a statement.
The ministry aims to bolster exports across all sectors to diverse global markets in the coming phase, emphasising collaboration between government entities, business communities, and Egyptian exporters to enhance product quality and competitiveness.
This effort supports Egypt’s target of achieving $100bn in annual merchandise exports.
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