{"id":563809,"date":"2021-07-25T04:00:22","date_gmt":"2021-07-25T04:00:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/non-oil-exports-jump-by-23-in-1h2021\/"},"modified":"2021-07-25T04:00:22","modified_gmt":"2021-07-25T04:00:22","slug":"non-oil-exports-jump-by-23-in-1h2021","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/non-oil-exports-jump-by-23-in-1h2021\/","title":{"rendered":"Non-oil exports jump by 23% in 1H2021"},"content":{"rendered":"

<\/a> Non-oil exports increased by 23% y-o-y in 1H2021, <\/strong>reaching USD 15.4 bn compared to USD 12.5 bn in 1H2020, <\/strong>Trade and Industry Minister Nevine Gamea said in a statement<\/a>.<\/p>\n

Exports doubled in 2Q2021?<\/strong> Central bank figures<\/a> released last month showed non-oil exports rose to USD 5.3 bn in 1Q2021. Accounting for the new Trade Ministry figures, this means that exports have doubled on a q-o-q basis to USD 10 bn.<\/p>\n

Imports also increased during 1H2021:<\/strong> Egypt spent USD 36.6 bn on non-oil imports during the first six months of the year, up 11% from USD 32.9 bn in the same period in 2020, according to the statement. Spending also seems to have risen on a quarterly basis: CBE figures show that USD 16.9 bn was spent on imports during 1Q2021, meaning that USD 19.7 bn was spent in 2Q.<\/p>\n

Egypt wants to eventually export goods worth USD 100 bn every year<\/strong>, Gamea said in the statement. <\/strong>Increasing exports is one of the key targets of the government\u2019s new structural reform program. The recent unveiling of a new export subsidy program<\/a> in addition to a newround of structural reforms<\/a> pledge to ramp up exports in manufacturing, telecoms and IT, and agriculture.<\/p>\n","protected":false},"excerpt":{"rendered":"

Non-oil exports increased by 23% y-o-y in 1H2021, reaching USD 15.4 bn compared to USD 12.5 bn in 1H2020, Trade and Industry Minister Nevine Gamea said in a statement. Exports doubled in 2Q2021? Central bank figures released last month showed non-oil exports rose to USD 5.3 bn in 1Q2021. Accounting for the new Trade Ministry […]<\/p>\n","protected":false},"author":1,"featured_media":563810,"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":[7098,72,7196,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-africa","tag-enterpriseam","tag-industry","tag-trade","wpautop","entry"],"acf":{"mongo_id":"44bd7ad8-854f-40d9-9b58-108f3b56089a","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/7\/231.jpg","photo_position":"above","related_issue":[563790],"teaser":"","voice_url":""},"yoast_head":"\nNon-oil exports jump by 23% in 1H2021 - 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\/2021\/07\/25\/non-oil-exports-jump-by-23-in-1h2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Non-oil exports jump by 23% in 1H2021\" \/>\n<meta property=\"og:description\" content=\"Non-oil exports increased by 23% y-o-y in 1H2021, reaching USD 15.4 bn compared to USD 12.5 bn in 1H2020, Trade and Industry Minister Nevine Gamea said in a statement. Exports doubled in 2Q2021? Central bank figures released last month showed non-oil exports rose to USD 5.3 bn in 1Q2021. 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