Ministers of Investment and Foreign Trade Hassan El-Khatib and Minister of Agriculture and Land Reclamation Alaa Farouk chaired the Potato Export Regulation Committee meeting for the first time, with the participation of exporters, to discuss the current export season and Egypt’s future as a leading potato exporter.

Egypt’s non-oil trade deficit narrowed by 4.6% year on year (YoY) in 2024, reaching $37.3 billion, driven by a 14.5% increase in exports.

Exports of the Egyptian engineering industries and electronics sector are experiencing significant growth, showcasing the country's potential as a key player in the global market. This growth reflects not just favorable market conditions, but also deliberates strategic initiatives to enhance Egypt's export capacity. While challenges such as bureaucratic hurdles and dependency on imported materials remain, the sector’s outlook is optimistic, with substantial potential for expansion into new markets and niches.

The Egyptian government has developed a new mechanism to pay off the remaining overdue dues to exporters by the Export Development Fund for shipments until June 30th, 2024, with a total value of nearly EGP 60 billion.

The Egyptian exports reached $40 billion in 2024 for the first time, said Hassan El-Khatib, Egypt’s Minister of Investment and Foreign Trade.

The Egyptian cabinet has approved a proposed mechanism for settling arrears owed to exporting companies through the Export Development Fund.

Egypt is seeking to become among the world’s top 20 gold exporters by 2025, Ehab Wasif, head of the gold and jewelry industry division at the Federation of Egyptian Industries (FEI) said.

The value of Egypt’s total exports in 2023 stood at $42.5 billion, 18.5% down from $52.2 billion in 2022, according to a press release from the Central Agency for Public Mobilization and Statistics (CAPMAS).

Trade exchange between Egypt and Ireland stood at $448 million during the first 10 months of 2023, up from $428 million in the year-ago period, according to a press release from the Central Agency for Public Mobilization and Statistics.

Trade exchange between Egypt and Norway grew to $217 million during the first 10 months of 2024, from $204 million in the same period last year

The Egyptian government is preparing to launch an ambitious export support program during the next fiscal year, in collaboration with the Ministry of Investment.

Egypt's wheat imports have increased by 17% in the first nine months of 2024, reaching a total of $3.36 billion, compared to $2.86 billion during the same period last year.