Egypt’s Strong Export Performance: A Closer Look at the First Four Months of 2023

Egypt’s Ministry of Trade and Industry reported that the value of merchandise exports reached $12.91 billion in the first four months of this year, showing a 10% increase from the same period last year when exports were at $11.78 billion. Minister of Trade and Industry, Engineer Ahmed Samir, highlighted that Egyptian merchandise exports have been on the rise for the fourth consecutive month.

The Ministry aims to boost exports of all productive sectors to global markets in the upcoming period, as per the report from the General Authority for Supervision of Trade and Industry. The most significant receiving markets for Egyptian commodity exports include the UAE, Saudi Arabia, Turkey, Italy, and the United States of America. Noteworthy sectors contributing to the export structure are building materials, food industries, chemical products, agricultural crops, engineering and electronic goods, and ready-made clothing.

Minister Samir also emphasized that Egyptian agricultural exports reached an unprecedented $8.8 billion in 2023. Egypt ranks first in the world for frozen oranges and strawberries. There has been a continual effort to penetrate new markets and export more than 400 agricultural products to over 160 countries globally. The food industry sector is recognized as promising due to Egypt’s significant potential in agro-industry.

Recently, a meeting attended by Prime Minister Dr. Mostafa Madbouly discussed strategies to increase Egyptian exports, particularly in the food industry. During this meeting, Minister Samir highlighted the exponential growth in food industry exports during the first four months of the year. The Export Council for Food Industries shared its vision and goals for increasing exports in