The Egyptian Cabinet’s Media Center published a report highlighting Egypt’s export figures and trade indicators.
The Egyptian Cabinet’s Media Center published a report highlighting Egypt’s export figures and trade indicators.
The report revealed that Egypt’s ranking in international trade indicators improved, evolving 14 places to 82nd in the infrastructure and market access index in 2023 from 96th in 2013.
The report highlighted a decline in the trade balance deficit as a percentage of GDP. It recorded 9.1% in 2021 - 2022, compared to 11.2% in 2013 - 2014.
Egypt showed a significant increase in the value of exports, which recorded $51.6 billion in 2022 up from $27.6bn in 2014, according to the Cabinet’s report.
Egypt also moved 9 places to 65th in the index of regional trade agreements in 2021 compared to the 74th place in 2015, the report highlighted, noting that the index depends on the numbers of trade agreements in force regarding goods and services.
Egypt’s increased in the trade openness index, to record 43.27% in 2019 compared to 36.92% in 2014, noting that the index depends on the total country’s exports and imports as a percentage of GDP.
Egypt advanced 1.8 points in the trade and business index to score 4 points in 2023 compared to 2.2 points in 2020.
The Cabinet reported that the most prominent commodities that were exported in 2022 compared to 2014, indicating an increase in fuel exports by 190.5%, to record $18.3 billion compared to $6.3 billion, while fertilizer exports increased by 312.5%, to record $3.3 billion compared to $0.8 billion. Plastics exports increased by 55.6%, to record $2.8 billion, compared to $1.8 billion.
During the same period, exports of machinery and electrical appliances increased by 30% to record $2.6 billion, compared to $2 billion. Exports of fruits and vegetables increased by 100% to record $2.2 billion, compared to $1.1 billion. Exports of clothing and related accessories increased by 78.6% to record $2.5 billion, compared to $1.4 billion.
