Egypt’s Non-Oil Trade Balance Deficit in 7 Months is $24.7 Billion

The value of Egyptian non-oil exports increased from the beginning of the year until the end of last July by 22% to reach $17.7 billion, compared to about $14.55 billion during the same period in 2020, an increase of more than $3 billion.

According to the latest report on the performance indicators of non-oil foreign trade, the value of Egyptian imports rose during the same period at a slower pace, recording an 11% increase to reach $42.4 billion, compared to $38.9 billion during the same period in 2020.

According to data announced by the Egyptian Ministry of Trade and Industry today, the value of the non-oil trade deficit reached $24.7 billion during the first seven months of 2021, compared to $24.35 billion in the comparable period.

The Minister of Trade and Industry, Nevin Gamea, said in a statement today, Saturday, that Egyptian exports achieved an increase during the month of July by 4%, reaching $2.95 billion, compared to $2.11 billion in July of 2020.

The European Union and Arab countries are the top export destinations
The minister pointed out that the most prominent destinations for Egyptian exports during the reporting period included the European Union with a value of 5 billion and 574 million dollars, the Arab countries with a value of 5 billion and 356 million dollars, the continent of Africa without the Arab countries at a value of one billion and 7 million dollars, and the United States with a value of one billion and 290 million dollars. dollar .

The report added that the top 10 exporting countries to the Egyptian market during the first 7 months of this year included China with a value of 7 billion and 582 million dollars, the United States of America with a value of 3 billion and 336 million dollars, Germany with a value of 2 billion and 441 million dollars, Turkey with a value of 2 billion and 10 million dollars and Russia with a value of 2 billion and 441 million dollars. One billion and 875 million dollars, India with one billion and 623 million dollars, the UAE with one billion and 359 million dollars, Saudi Arabia with one billion and 216 million dollars, France with one billion and 17 million dollars, and Ukraine with one billion and 14 million dollars.

Reviewer overview

Egypt's Non-Oil Trade Balance Deficit in 7 Months is $24.7 Billion - /10

Summary

The value of Egyptian non-oil exports increased from the beginning of the year until the end of last July by 22% to reach $17.7 billion, compared to about $14.55 billion during the same period in 2020, an increase of more than $3 billion.

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