The Egyptian Ministry of Trade and Industry has published the latest report on Egypt's commodity exports during the months of January and February 2024. Egyptian Minister of Trade and Industry Ahmed Samir announced that Egyptian commodity exports achieved a significant growth rate during these two months, amounting to $6.121 billion compared to $5.794 billion during the same period in 2023, marking an increase of 6%. He pointed out that the export volume during these months exceeded that of the same period in 2022 and 2021. This was mentioned in the context of the latest report received by the minister from the General Authority for Export and Import Control regarding the rates of Egyptian commodity exports during January and February 2024.
The report highlighted the largest markets receiving Egyptian exports during January and February, which included Turkey with $551 million, Saudi Arabia with $511 million, Italy with $395 million, Libya with $337 million, and the United States with $315 million.
The report also reviewed the main exporting sectors that shaped Egypt's exports during the first two months of the current year, which included construction materials valued at $1.177 billion, agricultural products at $939 million, food industries at $873 million, chemicals and fertilizers at $871 million, engineering and electronic goods at $809 million, ready-made garments at $465 million, spinning and textiles at $179 million, printing, packaging, paper, books, and artistic classifications at $153 million, home textiles at $94 million, medical industries at $92 million, furniture at $43 million, handicrafts at $36 million, and leather, shoes, and leather products at $27 million.
The report noted the most prominent customs items that saw an increase in Egypt's export structure during the first two months of the current year, which included fresh and dried oranges valued at $296 million, nitrogen fertilizers at $268 million, gold at $211 million, insulated wires and cables at $229 million, and petroleum oils at $215 million.
