As the largest importer of non-oil commodities from Egypt, the US imported a total of 8.6% of Egypt’s exports worth $665.1 million in Q3 2021
Egypt’s non-oil exports jumped 27.1% year-on-year (YoY), recording $7.7 billion in the third quarter of 2021, explained the Cabinet's Information and Decision Support Centre.
Non-oil exports saw record highs by recording $31 billion at the end of 2021, revealed Prime Minister Mostafa Madouly at the beginning of the year.
Read our annual trade sum-up for an overview of Egyptian trade in 2021 > Navigating choppy waters | How Egyptian Trade fared in 2021
As the largest importer of non-oil commodities from Egypt, the US imported a total of 8.6% of Egypt’s exports worth $665.1 million in Q3 2021, followed by Saudi Arabia at $480.4 million and Turkey at $454.2 million.
The country's non-oil exports to the European Union recorded $2.2 billion during Q3-21, up 69.7% from about $1.3 billion during the same period of 2020.
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Italy was the largest market in the European Union for Egypt’s non-oil exports with $449.7 million, followed by Malta with $317.8 million and Spain with $297.7 million.
Egypt’s trade balance deficit dropped by 12.5% in October 2021, recording $2.63 billion, according to CAPMAS’ latest report.
