Egyptian exports succeeded in achieving a leap that crossed the $32 billion barriers for the first time in its history, through several factors that had a clear and tangible impact that increased merchandise exports with a value of $6.701 billion in one year.
Exporters attributed the historical rise in merchandise exports to the government’s determination to bring exports to $100 billion in the coming period, despite the Corona pandemic – which had a significant impact on foreign trade in all countries of the world – by supporting the exporters’ sector by disbursing the overdue dues to the Export Support Fund, In addition to making the most of commercial offices abroad, as well as free and preferential trade agreements signed with a large number of countries and global economic blocs.
Nevin Gamea, Minister of Trade and Industry, announced that Egyptian non-oil exports rose for the first time in its history to 32 billion and 128 million dollars in 2021, compared to 25 billion and 427 million dollars in 2020, a difference of 6 billion and 701 million dollars, achieving an increase of 26%.
According to the latest data of the Ministry of Finance, the government has supported the exporters’ sector with about 31 billion pounds, which have been spent on more than 3,000 exporting companies since the start of the “refund of overdue” initiatives to exporters in October 2019 until now.