Egypt’s trade deficit decreased 21.6% in December 2021 especially Egyptian Fresh Products
Egyptian Fresh Products

Yesterday, the Central Agency for Public Mobilisation and Statistics issued a monthly Foreign Trade bulletin for December 2021. Egypt’s trade deficit especially Egyptian Fresh Products stood at $2.41 billion in December 2021, versus December 2020’s $3.08 billion. This constitutes a drop of 21.6%.

The value of exports increased by 45.3%, reaching $4.32 billion, compared to $2.97 billion, due to an increase in the value of some commodities, such as ready-made clothes by 33.0%, plastics in their primary forms by 28.4%, flat products of iron or steel by 22.1%, and the various pasta and food items by 18.6%. 

However, the value of certain exported commodities decreased, with fresh fruits falling in price 0.9% and fresh oranges by 55%.

Additionally, the value of imports increased by 11.3% in December 2021, reaching $6.73 billion, compared to December 2020’s $6.05 billion, due to petroleum products increasing by 71.2%, raw materials of iron or steel by 93.9%, passenger cars by 50.8%, and plastics in their primary forms by 70.0%.


Source: dailynewsegypt.com

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Egypt’s agricultural exports hit new high despite Covid-19
Egypt's agricultural exports - Citrus Fruits

Egypt’s agricultural exports have set a new record, exceeding 5.6 million tons between January 1 and December 31, despite the global pandemic. Citrus fruits made up the largest share of exports by 805,893 tons, followed by potatoes at 614,242 tons, onions at 276,141 tons, and grapes at 143,450 tons, said a report the agriculture minister received from the Head of the Central Department of Agricultural Quarantine at the Ministry of Agriculture Ahmed El Attar.

Prominent among other exports were strawberry, pomegranate, sweet potato, beans, pepper, guava, garlic, mango, and watermelon, the report noted.

Minister of Agriculture and Land Reclamation Sayed el Quseir attributed the record rise to cultivating high-quality products matching international quality standards as well as the efforts exerted by the department to meet the requirements of importing countries and streamline export procedures.

Source: Sis.gov.eg

Source: Fresh Plaza

Egyptian Citrus and food exports up 19% year on year in 2021

The most important agricultural crops exported include rice, grains, onions, garlic, potatoes, vegetables, fruits, Egyptian citrus fruits, and peanuts, for which Russia, Saudi Arabia, Britain, and the United Arab Emirates are the most important markets for these Egyptian exports.

Egypt’s food industry exports totaled $3.1 billion in the first nine months of this year, up from the $2.8 billion in the same period of 2020. This amounts to a 19% year-on-year increase and ranking third among other Egyptian sectors exporting to foreign markets, Trade and Industry Minister Nevine Gamea stated on Sunday.

Egyptian Citrus , Vegetables and Fruits

During a recent speech, which came on behalf of Egypt’s Prime Minister Mostafa Madbouly, Gamea said that Egypt’s exports of agricultural crops in the first nine months of 2021 hit $1.9 billion, compared to the $1.8 billion achieved in the same period last year, recording an 8% increase.

Source https://english.ahram.org.eg/News/446306.aspx