{"id":542857,"date":"2022-01-20T03:59:21","date_gmt":"2022-01-20T03:59:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/non-oil-exports-hit-record-usd-32-bn-in-2021\/"},"modified":"2022-01-20T03:59:21","modified_gmt":"2022-01-20T03:59:21","slug":"non-oil-exports-hit-record-usd-32-bn-in-2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/non-oil-exports-hit-record-usd-32-bn-in-2021\/","title":{"rendered":"Non-oil exports hit record USD 32 bn in 2021"},"content":{"rendered":"

<\/a> Non-oil exports rose 26% y-o-y to hit a record USD 32 bn in 2021<\/strong>, up from USD 25.4 bn in 2020, Trade and Industry Minister Nevine Gamea said in a statement<\/a>. Government efforts to support exporters with subsidies and pay off arrears, restructure export councils, and bilateral and multilateral trade agreements helped to drive the increase in revenues, she said. The figure is slightly higher than the preliminary USD 31 bn Prime Minister Moustafa Madbouly announced at the beginning of the month<\/a>.<\/p>\n

The sectors that generated the most export revenues<\/strong> were chemical products and fertilizers at USD 6.7 bn (up 45%), engineering and electronics at USD 3.4 bn (up 46%), and readymade garments at USD 2 bn (up 39%).<\/p>\n

Our biggest export markets?<\/strong> The US, Saudi Arabia, Turkey, Italy, the UAE, Malta, Spain, the UK, Libya and Canada.<\/p>\n

And by region: <\/strong>Exports to the EU increased 56% to USD 9.2 bn, exports to the US were up 51% to USD 2.4 bn, exports to Africa excluding Arab nations jumped 28% to USD 1.9 bn, and exports to other markets were up 31% to hit USD 7 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

Non-oil exports rose 26% y-o-y to hit a record USD 32 bn in 2021, up from USD 25.4 bn in 2020, Trade and Industry Minister Nevine Gamea said in a statement. Government efforts to support exporters with subsidies and pay off arrears, restructure export councils, and bilateral and multilateral trade agreements helped to drive the […]<\/p>\n","protected":false},"author":1,"featured_media":542858,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8516],"tags":[72,331,132,483],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-542857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-enterpriseam","tag-nevine-gamea","tag-trade","tag-trade-and-industry-ministry","wpautop","entry"],"acf":{"mongo_id":"0918e538-8e7a-493f-8ca0-dfbab7ee8d05","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/1\/245.jpg","photo_position":"above","related_issue":[542853],"teaser":"","voice_url":""},"yoast_head":"\nNon-oil exports hit record USD 32 bn in 2021 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/non-oil-exports-hit-record-usd-32-bn-in-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Non-oil exports hit record USD 32 bn in 2021\" \/>\n<meta property=\"og:description\" content=\"Non-oil exports rose 26% y-o-y to hit a record USD 32 bn in 2021, up from USD 25.4 bn in 2020, Trade and Industry Minister Nevine Gamea said in a statement. 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Central bank figures released last month showed non-oil exports rose to USD 5.3 bn in 1Q2021. Accounting for\u2026","rel":"","context":"In "Trade"","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/231.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":542545,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/03\/egypts-export-revenues-reach-record-levels-in-2021-madbouly\/","url_meta":{"origin":542857,"position":2},"title":"Egypt\u2019s export revenues reach record levels in 2021 -Madbouly","author":"enterpriseam admin","date":"3 January 2022","format":false,"excerpt":"Export revenues reached a record USD 31 bn in 2021, Prime Minister Moustafa Madbouly said yesterday. Government efforts to support exporters with subsidies and pay off arrears helped to drive the increase in revenues, a cabinet statement cited Trade Minister Nevine Gamea as saying.This is a significant increase on 2020,\u2026","rel":"","context":"In "Trade"","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/22.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561724,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/19\/trade-deficit-remains-flat-1q2021\/","url_meta":{"origin":542857,"position":3},"title":"Trade deficit remains flat 1Q2021","author":"enterpriseam admin","date":"19 April 2021","format":false,"excerpt":"Egypt\u2019s non-oil trade deficit remained essentially flat in 1Q2021, narrowing just 1% to reach USD 9.55 bn compared to USD 9.68 bn in 1Q2020, Trade and Industry Minister Nevine Gamea said in a statement. 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