International Finance

Egypt’s non-oil export to the EU increases by 38% in eight months


Egypt’s minister of trade and industry, Nevine Gamea stated that Egyptian non-oil exports to the European Union (EU) witnessed a significant growth to €4.1 billion, a 38 percent increase in the last eight months, compared to €2.9 billion during the same period in 2020, according to media reports.

Gamea noted that the increased growth happened due to an increase in exports to 23 European countries, including countries like Italy, Spain, Germany and the Netherlands. The Egyptian ministry also mentioned that the Egyptian exports to Italy hiked by 51.6 percent, Spain by 77.5 percent, Germany by 22 percent, and the Netherlands by 30.7 percent.

Gamea mentioned that the rise in exports also happened because of the ministry’s efforts with all its affiliated agencies, including the Egyptian Commercial Offices in these countries. She also added that the ministry is also keen on enhancing trade cooperation with the European Union since Egypt has close economic relations with various countries of the Union.

Ahmed Maghawry, head of the Egyptian Commercial Services said that among all the exports, Egypt exported iron and steel exports worth $608.19 million, aluminium and organic chemicals worth $139.66 million. Additionally, exports of plastic products, fertilizers, aluminium, iron and steel, and organic chemicals also saw a record increase during the same period.

Some media reports also indicated that Egypt plans to increase its date exports to $100 million over the coming four years, according to a statement released by the Deputy Executive Director of the Egyptian Food Export Council, Tameem El-Dawy.

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