{"id":206697,"date":"2021-08-23T16:00:04","date_gmt":"2021-08-23T16:00:04","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=206697"},"modified":"2021-08-23T09:18:04","modified_gmt":"2021-08-23T09:18:04","slug":"egypts-non-oil-exports","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/egypts-non-oil-exports\/","title":{"rendered":"Egypt\u2019s non-oil exports rise to $17.7bn in 7 months"},"content":{"rendered":"<p>Egypt\u2019s non-oil exports witnessed a rise from the beginning of the year until the end of last July by 22% to reach $17.7 billion.<\/p>\n<p>The rise is $3 billion more than the same period last year which recorded $14.55 billion.<\/p>\n<p>In a report issued on the performance indicators of non-oil foreign trade, the value of Egyptian imports increased during the same period at a slower pace.<\/p>\n<p>The imports recorded an 11% increase to reach $42.4 billion, compared to $38.9 billion during the same period in 2020.<\/p>\n<h2>Egypt\u2019s non-oil exports<\/h2>\n<p>According to data announced by the Egyptian Ministry of Trade and Industry, the value of the non-oil trade deficit reached $24.7 billion during the first seven months of 2021. This is compared to $24.35 billion in the comparable period.<\/p>\n<p>Nevin Gamea, Minister of Trade and Industry, said in a statement Saturday that Egyptian exports increased by 4% during the month of July to reaching $2.59 billion, compared to $2.21 billion during July, 2020.<\/p>\n<p>The minister pointed out that the most prominent destinations for Egyptian exports during the reporting period included the European Union with a value of $5.574 billion, the Arab countries with a value of $5.356 billion, African continent (excluding the Arab countries) at a value of $1.7 billion, and the United States with a value of $1.290 billion.<\/p>\n<p>The report added that the top 10 exporting countries to the Egyptian market during the first seven months of this year included China with a value of $7.billion, and the United States of America with a value of $3.336 billion.<\/p>\n<p>The list also includes Germany with a value of $2.441 billion, Turkey with $2.10 billion, Russia with $1.875 billion, and India with $1.623 billion.<\/p>\n<p>Additionally, the list also includes the UAE with a value of $1.359 billion, Saudi Arabia with $1.216 billion, France with $1.17 billion, and Ukraine with $1.14 billion.<\/p>\n<h2><strong>Egyptian remittances<\/strong><\/h2>\n<p>In a separate context, remittances from Egyptians working abroad jumped to $2.6 billion in May. This is compared to $1.8 billion a year ago, according to the Central Bank of Egypt.<\/p>\n<p><a href=\"https:\/\/www.google.com\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwiu5_yn5cbyAhU0AWMBHV9AAzUQFnoECBQQAw&amp;url=https%3A%2F%2Fwww.cbe.org.eg%2Fen%2FPages%2Fdefault.aspx&amp;usg=AOvVaw30WwHNm1w6Us0KCPtHpxOZ\">The Central Bank of Egypt<\/a> also stated that remittances increased 13% in the first 11 months of the 2020-2021 fiscal year to $28.5 billion from $25.2 billion a year ago.<\/p>\n<p>Also, data issued last June stated that the remittances of Egyptians working abroad amounted to about $205.3 billion, representing about 31.7% of Egypt\u2019s total foreign exchange earnings over 10 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s non-oil exports witnessed a rise from the beginning of the year until the end of last July by 22% to reach $17.7 billion. The rise is $3 billion more than the same period last year which recorded $14.55 billion. In a report issued on the performance indicators of non-oil foreign trade, the value of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":206698,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[604],"tags":[278],"class_list":["post-206697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Egypt\u2019s non-oil exports rise to $17.7bn in 7 months | BNReport<\/title>\n<meta name=\"description\" content=\"BNReport | Egypt\u2019s non-oil exports witnessed a rise from the beginning of the year until the end of last July, by 22% to reach $17.7 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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