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Non-petroleum exports up by 26% in the first 10M of 2021

The number is slightly higher than Minister of Trade’s comments in late November

By: Business Today Egypt

Wed, Dec. 8, 2021

Egypt’s non-petroleum exports jumped by 26% year-on-year (YoY), reaching $26.9 billion during the first 10 months of 2021, compared to $21.35 billion in January-October 2020, revealed state-run news agency MENA.

The number is slightly higher than Minister of Trade’s comments in late November, in which she explained that non-oil exports saw a 24% increase in growth in the 10 months of 2021.

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Exports of chemicals and fertilizers climbed by 42% YoY to $5.36 billion in the first 10 months of 2021, compared to $3.77 billion from the same period in 2020, citing official data by the General Organization for Export and Import Control (GOEIC).

The GOEIC’s report highlighted that all industrial sectors achieved high growth rates over the past months despite the negative impact of the COVID-19 pandemic.

Food industries exports rose by 19% to $3.43 billion in January-October 2021 from $2.87 billion in the same 10 months last year.

Agricultural exports went up 8% YoY to $2.11 billion from $1.95 billion, pharmaceuticals and medical industries hit $537 million increasing by 31% from $409 million in the January to October period.

The monthly report by the Leather Export Council of Egypt (LEC) indicated a 63% YoY increase in leather imports during the first 10 months of 2021, while exports of leather and leather products increased to around $70 million, compared to $43 million in the same period in 2020.

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Textile industry exports soared by 25% on an annual basis to $746 million in January – October period of 2021 from $597 million. Egyptian furniture exports were worth $212 million in 10M-21, up by 10% from $192 million in the same period in 2020.

Egyptian exports jumped by 40% in the first 9 months of 2021, while exports of engineering goods jumped by 42% in the same period.