{"id":618624,"date":"2024-04-17T00:00:00","date_gmt":"2024-04-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/17\/exports-grew-5-y-o-y-during-1q-2024\/"},"modified":"2024-04-17T00:00:00","modified_gmt":"2024-04-17T00:00:00","slug":"exports-grew-5-y-o-y-during-1q-2024","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/17\/exports-grew-5-y-o-y-during-1q-2024\/","title":{"rendered":"Exports grew 5% y-o-y during 1Q 2024"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Egyptian exports on the rise: <\/strong>Egypt\u2019s exports grew 5.3% y-o-y in the first three months of the year to total USD 9.6 bn, a <a target=\"_blank\" href=\"https:\/\/www.goeic.gov.eg\/ar\/media-center\/news\/1243\" style=\"\" rel=\"noopener\">Trade Ministry report<\/a> said on Tuesday, citing data from the General Organization for Export and Import Control. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Our favorite customers: <\/strong>Turkey topped the list of importers of Egyptian products for the quarter, importing some USD 874 mn-worth of goods. It was followed by Saudi Arabia, the UAE, Italy, and the US. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What is Egypt exporting? <\/strong>Building materials were the most in-demand export in 1Q 2024,accounting for 20.4% of our total exports, followed by foodstuff, chemical products and fertilizers, and agricultural exports. An increased export volume of citrus fruits, nitrogen fertilizers, and insulated cables, and gold, accounted for the overall increase in Egypt\u2019s exports this year, according to a separate <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02PbXvp1hQomJJsjwPUefYjfP2RwdBJcPjKPNS7Tuy34GAdsBYKCrqF4YU1vd7WumZl\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Boosting exports is at the forefront of El Sisi\u2019s third term in office: <\/strong>The government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bb2295d9-243b-41f0-b526-ad5c1d44c997\/el-sisi%25e2%2580%2599s-third-term-comes-bearing-major-export-and-transport-targets\" style=\"\" rel=\"noopener\">plans<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bb2295d9-243b-41f0-b526-ad5c1d44c997\/el-sisi%25e2%2580%2599s-third-term-comes-bearing-major-export-and-transport-targets\" style=\"\" rel=\"noopener\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bb2295d9-243b-41f0-b526-ad5c1d44c997\/el-sisi%25e2%2580%2599s-third-term-comes-bearing-major-export-and-transport-targets\" style=\"\" rel=\"noopener\">to launch<\/a> a six-year export strategy \u2014 dubbed EgyExTriple 10 \u2014 to increase exports every year by 15-20% so as to reach USD 145 bn in exports a year by 2030 by establishing ten specialized export zones, developing ten export-oriented industrial zones, and focusing on ten unidentified key export markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is targeting exports worth USD 145 bn by 2030<\/p>\n","protected":false},"author":1,"featured_media":618625,"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":[72,145,132,218],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-618624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-enterpriseam","tag-logistics","tag-trade","tag-turkey","wpautop","entry"],"acf":{"mongo_id":"cc36fbc8-734d-4881-8b0e-ea625d3f1e7e","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/1078.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt\u2019s exports grew 5% y-o-y during 1Q 2024","related_issue":[618617],"teaser":"The government is targeting exports worth USD 145 bn by 2030","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.ac2b6236-8574-411d-a1c4-401666a8896b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Food accounted for 13% of the country\u2019s non-oil exports during the six-month period, which saw\u2026","rel":"","context":"In &quot;Trade&quot;","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/264.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":618624,"position":1},"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. The slim drop in the deficit came as non-oil exports rose 6% y-o-y to USD 7.44\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/187.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571105,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/29\/egypts-garments-exports-fall-in-1q-to-usd-372-mn\/","url_meta":{"origin":618624,"position":2},"title":"Egypt\u2019s garments exports fall in 1Q to USD 372 mn","author":"enterpriseam admin","date":"29 April 2020","format":false,"excerpt":"Egypt's garments exports dipped 8% y-o-y in 1Q2020 to USD 372 mn, according to a Textiles Export Council report picked up by Mubasher. Despite the decline, the US remained Egypt's top export market, accounting alone for USD 206 mn-worth of imports. Germany and Spain follow in the second and third\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542857,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/non-oil-exports-hit-record-usd-32-bn-in-2021\/","url_meta":{"origin":618624,"position":3},"title":"Non-oil exports hit record USD 32 bn in 2021","author":"enterpriseam admin","date":"20 January 2022","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Trade&quot;","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/245.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563809,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/25\/non-oil-exports-jump-by-23-in-1h2021\/","url_meta":{"origin":618624,"position":4},"title":"Non-oil exports jump by 23% in 1H2021","author":"enterpriseam admin","date":"25 July 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Trade&quot;","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":559409,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/20\/2020-was-a-surprisingly-good-year-for-our-non-oil-trade-balance\/","url_meta":{"origin":618624,"position":5},"title":"2020 was a surprisingly good year for our non-oil trade balance","author":"enterpriseam admin","date":"20 January 2021","format":false,"excerpt":"A slowdown in imports during the pandemic helped narrow Egypt\u2019s non-oil trade deficit by 17% y-o-y in 2020, falling to USD 38.3 bn in 2020 from USD 46.2 bn in 2019, Trade Minister Nevine Gamea said in a statement. Non-oil imports fell 12% during the year while exports declined 1%Remember:\u2026","rel":"","context":"In &quot;Trade&quot;","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/249.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/618624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=618624"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/618624\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/618617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/618625"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=618624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=618624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=618624"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=618624"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=618624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}