Egypt’s export revenues reach all-time record high of $31 billion: Cabinet

Ahram Online , Sunday 2 Jan 2022

Egyptian non-petroleum exports have netted record high revenues in 2021, earning $31 billion, Prime Minister Mostafa Madouly said on Sunday.

Egypt s Prime Minister Mostafa Madouly (Photo: Al-Ahram)

Last year's revenues are up from $25.2 billion in 2020.

The figure was achieved, as per a cabinet statement, due to the high demand for Egyptian products, including chemical products and fertilizers, construction materials, foodstuffs, engineering and electronic goods, agricultural crops and clothes, in addition to printed materials, paper and packaging and textile, furniture, and medical industries products.

The government’s recently adopted programme to refund export burdens has significantly contributed to the growth of exports.

Madbouly vowed to continue efforts to increase Egyptian exports across all sectors, since they are one of the most important sources of foreign currency, the cabinet statement noted.

The prime minister’s comments were made during a meeting Sunday with Minister of Trade and Industry Nevine Gamea and Minister of Agriculture Said El-Qosair.

During the meeting, the trade minister said some international markets relied on the Egyptian products due to the high cost of shipping from other markets.

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