The value of Egyptian exports to the BRICS bloc reached $5.7 billion during the first 8 months of 2024, compared to $5.3 billion during the same period in 2023, an increase of 7.3%.
During the meeting, Investment Minister El-Khatib emphasized the government's deep commitment to the automotive sector, recognizing its key role in attracting foreign investments and promoting industrial growth.
Egyptian imports of passenger cars have continued to decline since last June, with the value of imports amounting to about $133.8 million, while they were about $156.7 million in the same month in 2023, a decline amounting to about $ 22.9 million.
Key exports included citrus fruits, which topped the list with 2,274,295 tons, followed by fresh potatoes at 973,130 tons, and onions in third place with 281,785 tons exported.
According to CAPMAS, Egypt’s exports increased by 10.7%, reaching $3.54 billion in July 2024, compared to $3.20 billion in the same month of the previous year.