CAPMAS noted an increase in certain commodities, primarily petroleum products by 16.3%, ready-made clothing by 31.4%, pasta and food preparations by 45%, and medicines and pharmaceutical preparations by 64%
Madbouly highlighted the government's target to increase exports to $100 billion annually by 2030, emphasizing ongoing efforts to stimulate domestic production, attract investments, and deepen industrialization across sectors
In 2023, trade between Egypt and the G7 nations experienced a slowdown, dropping by 17% to approximately $26 billion, reported the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday
From disruptions to Suez Canal revenues and tourism to the complexities of regional conflicts, Egypt has navigated through what Philippe Dauba-Pantanacce describes as a “perfect storm.”
Export figures for March 2024 showed a decline of 10.9%, with total exports amounting to $3.57 billion, down from $4.0 billion
