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Archive for the ‘Egypt’ Category

Uzbekistan’s Fruit and Vegetable Exports Reach $1.5 Billion, Highlighting Trade Growth

Agricultural Exports, Egypt, News

January 23, 2025

Uzbekistan has achieved a remarkable milestone in global trade, generating over $1.5 billion in revenue from the export of 2 million tons of fruits and vegetables in 2024. This impressive accomplishment, reported by the Statistics Agency of Uzbekistan, represents a 15.8% increase in export volumes and an outstanding 31.2% growth in value compared to 2023. […]

Egypt’s Potato Exports to the UK Showcase Growing Trade Success

Agricultural Exports, Egypt, News

January 23, 2025

Egypt continues to demonstrate its strength in international trade, achieving a new milestone with record potato exports to the United Kingdom in 2024. Building on an impressive performance in 2023, Egypt increased its export volume by 2.7 times, delivering 23.7 thousand tons of potatoes and generating $13.5 million in revenue. The export season, which […]

Egypt Leads Global Trade with Record Frozen Strawberry Exports to Brazil

Agricultural Exports, Egypt, News

January 16, 2025

Egypt’s thriving agricultural trade has reached new heights, as frozen strawberry exports to Brazil soared 30-fold over the past five years. By the end of 2024, over 30,000 tons of frozen strawberries, valued at $27 million, were shipped to Brazil, setting a historic benchmark for the sector. This exceptional growth underscores Egypt’s strategic position […]

China Vows to Strengthen Economic and Trade Ties with Egypt

Bilateral Trade Relation, China, Egypt, News

December 5, 2024

In a recent statement, China’s Ministry of Commerce affirmed its commitment to deepening economic and trade collaboration with Egypt. Minister Wang Wentao conveyed China’s eagerness to bolster relations and reiterated the nation’s support for Chinese enterprises seeking to invest and establish operations in Egypt. During a meeting with the Egyptian Prime Minister held on […]

Egypt’s Food Exports Surge by 15.7%, Highlighting Global Trade Success

Agricultural Exports, Egypt, News

November 26, 2024

Egypt has achieved remarkable growth in its food export sector, recording a 15.7% increase in the week ending November 22, according to a recent Cabinet report. Export volumes reached 162,000 tons, showcasing Egypt’s diverse offerings of over 680 types of fresh fruits, vegetables, and other food products. Vegetables led the charge with 60 varieties […]

Egypt’s Mandarins Exports to Poland See Exceptional Growth, Strengthening Trade Ties

Agricultural Exports, Egypt, News

November 7, 2024

Egypt has achieved a remarkable milestone in its agricultural exports, with mandarin exports to Poland reaching an all-time high during the 2023/24 season. The first 11 months of the season saw Egypt directly supply 6.8 thousand tons of mandarins to Poland, more than doubling the 3 thousand tons shipped during the previous season. This impressive […]

Egypt’s Non-Oil Trade Deficit Falls to $15.9 Billion in First Half of 2024

Egypt, International Trade, News

July 31, 2024

Egypt’s non-oil trade deficit for the first half of 2024 has decreased to $15.9 billion. This marks a 16% improvement from the $18.9 billion deficit recorded during the same period in 2023. During the initial six months of 2024, Egypt saw a notable 9.8% increase in merchandise exports, reaching $19.6 billion. In contrast, imports […]

Egypt’s Export Growth Signals Economic Resilience and Strategic Vision

Egypt, News, Trade and Export

July 18, 2024

Egypt’s exports in April showcased a commendable 0.8% year-on-year increase, reaching approximately $3.3 billion, according to data from Egypt’s Central Agency for Public Mobilization and Statistics. This growth contributed to a 2.5% reduction in the country’s trade deficit, which stood at around $2.7 billion for the same period, underscoring Egypt’s effective economic management amidst […]

Egypt’s Non-Petroleum Trade Deficit Shrinks by 22.9% in Q1 2024

Egypt, International Trade, News

July 8, 2024

The Cabinet’s Information and Decision Support Center has revealed a positive development in Egypt’s non-petroleum trade deficit for the first quarter of 2024, marking a 22.9% decrease to $6.4 billion compared to approximately $8.3 billion in Q1 2023. This improvement is attributed to increased non-petroleum exports coupled with reduced non-petroleum imports. During Q1 2024, Egypt’s […]

Egypt Considering Further Expansion of Suez Canal to Boost Shipping Capacity

Egypt, International Relations, News

March 4, 2024

In a bid to enhance its pivotal role in global trade, Egypt is contemplating additional expansions to the Suez Canal, aiming to extend and finalize a second channel of the waterway. The head of the canal announced this development on Monday, emphasizing its potential to accommodate higher volumes of shipping and prevent disruptions that could […]

Egyptian Exports to Libya See Remarkable Growth in 2023

Egypt, International Trade, News

February 4, 2024

In a recent report published by the Central Agency for Public Mobilization and Statistics in Egypt, a substantial surge in Egyptian exports to Libya during the first 11 months of 2023 has come to light, indicating a promising trend in bilateral trade. According to the report, Egyptian exports to Libya reached an impressive total […]

Egypt and China Collaborate to Ensure Safety and Security in Red Sea Navigation

China, Egypt, International Relations, News

January 14, 2024

In a joint statement released on Sunday, Egypt and China underscored their commitment to closely monitoring developments in the Red Sea with a primary focus on ensuring the safety and security of navigation. The joint declaration highlighted both nations’ shared concerns regarding the expanding conflict in the region and emphasized the crucial need to address […]

U.S. Treasury Secretary Yellen Assures Support for Egypt Amidst IMF Loan Discussions

Economic Development, Egypt, News, United States

January 11, 2024

In a meeting with Egyptian authorities in Washington, U.S. Treasury Secretary Janet Yellen has reaffirmed the United States’ commitment to supporting Egypt’s economic reforms. The discussions, which took place on Tuesday, coincided with talks about expanding Egypt’s existing $3 billion loan program with the International Monetary Fund (IMF). The Egyptian delegation, comprising the finance […]

International Trade Council Announces Progress in Egypt-Serbia Free Trade Agreement Negotiations

Egypt, News, Trade Relations

July 27, 2023

The International Trade Council is pleased to announce the recent meeting between Egypt’s Minister of Trade and Industry, Ahmed Samir, and Serbia’s Minister of Domestic and Foreign Trade, Tomislav Momirovic. The meeting focused on the development of commercial, industrial, and investment cooperation relations between the two nations and discussed the current global economic situation. Negotiations […]

Egypt Witnesses Growth in Foreign Direct Investment Inflow in 2022

Egypt, Foreign Direct Investment, News

July 8, 2023

The International Trade Council commends Egypt’s remarkable progress in attracting foreign direct investment (FDI) in 2022. The United Nations Conference on Trade and Development (UNCTAD) recently reported that Egypt received a total of $11.4 billion in FDI, marking the highest inflow since 2017. In line with its commitment to fostering an environment conducive to international […]

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