Egypt's Minister of Trade and Industry reveals significant growth in the country's export sectors.
Minister of Trade and Industry, Engineer Ahmed Samir, unveiled today the key export sectors that shaped the structure of Egyptian commodity exports during the first quarter of the current year.
The minister further clarified that the construction materials sector constitutes the largest industrial sector in terms of exports during the first quarter of the year, with a value of $1.958 billion, followed by the food industries sector with a value of $1.546 billion, and the chemical and fertilizer products with a value of $1.445 billion, then agricultural products with a value of $1.444 billion.
Additionally, engineering and electronic goods were valued at $1.272 billion, ready-made garments at $673 million, yarns and textiles at $273 million, and printing, packaging, paper, books, and artistic compositions at $244 million. Medical industries recorded $156 million, furnishings $141 million, furniture $67 million, handicrafts $52 million, and leather goods, shoes, and leather products at $34 million.
He highlighted the top 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.
The value of Egyptian commodity exports reached $9.612 billion during the first quarter of the current year compared to $9.129 billion during the same period in 2023, reflecting an increase of 5.3%.
