A report issued by the Egyptian Ministry of Trade and Industry has shown a 5.3% increase in Egypt's commodity exports during the first quarter of 2024, reaching $9.312 billion on an annual basis.
The report outlined the largest recipient markets for Egyptian commodity exports during the first quarter of the current year, including Turkey at a value of $874 million, followed by Saudi Arabia at $792 million, the UAE at $586 million, Italy at $544 million, and the United States at $471 million.
The report also highlighted the most important export sectors that comprised the structure of Egyptian commodity exports during the first quarter of the current year, including construction materials valued at $1.95 billion, and food industries valued at $1.546 billion.
Chemical and fertilizer product exports amounted to $1.445 billion, followed by agricultural products at $1.44 billion, engineering and electronic goods at $1.72 billion, ready-made garments at $673 million, textiles at $273 million, and printing, packaging, paper, books, and artistic products at $244 million.
The report also indicated that medical industries recorded exports worth $156 million, furnishings at $141 million, furniture at $67 million, handicrafts at $52 million, and leather, footwear, and leather products at $34 million.
The report highlighted the key export items that saw an increase in the structure of Egyptian commodity exports during the first quarter of 2024, including fresh and dried fruits valued at $625 million, nitrogenous fertilizers at $421 million, insulated wires and cables at $339 million, oil at $317 million, and gold at $303 million
