Egypt’s non-petroleum exports rise by 2 percent in first quarter

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Egypt’s non-petroleum exports increased by 2 percent year on year to 6.73 billion U.S. dollars during the first quarter of 2020, the country’s External Trade Indices report published on Wednesday said.

“Egypt’s imports dropped significantly by 24 percent to record 13.81 billion dollars in the first quarter of 2020, down from 18.23 billion dollars in the same period of 2019,” the report added.

Minister of Trade and Industry Niveen Gamea said that the indices reflect the success of the trade ministry’s strategy in resuming production to preserve Egypt’s export market and increase the reliance on national products to meet the needs of the domestic market, according to state-run Ahram Online.

The report said construction materials were at the top of Egypt’s exports in the first quarter of 2020 with about 1.53 billion dollars, followed by chemicals and fertilizers, food stuffs, crops, and electronics.

It added that the United Arab Emirates, the United States, Italy, Saudi Arabia, and Spain were the top markets to receive Egypt’s exports.

China, the United States, Germany, India, and Russia were the top export countries to the Egyptian market, it added. Enditem

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