Egypt's Exports Record a Historic Increase

  • Cairo, Arab Republic of Egypt
  • 4 January 2022

Egypt's exports recorded an increase of 27 percent to reach $31 billion during the past year 2021, which is the largest volume of exports in the history of the Egyptian economy, exceeding the highest number achieved in 2019 and amounting to $25.6 billion.

Egypt managed to achieve a remarkable increase in the volume of exports, after their total value recorded about $29.1 billion during the first 11 months of last year, with a growth rate of about 27 percent, a difference of $6.2 billion over the year before.

This increase in the volume of exports proves the ability of the export sectors to deal with the global crisis imposed by the crisis of the outbreak of the new Corona virus since the beginning of last year, despite the challenges witnessed by the global economy, which in turn affect the Egyptian economy, including high inflation rates and freight prices.

Data indicate that the volume of Egyptian exports amounted to $22.5 billion in 2016, compared to about $29.1 billion during the first 11 months of 2021, registering an increase of 29.3 percent.

Source (Al-Arabiya.net Website, Edited)

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