Egypt’s exports increased by 20 percent in the first quarter (1Q) of 2022, compared to the same period in 2021, despite the global crises.

The minister reported the numbers during a meeting on Sunday with Prime Minister Mostafa Madbouly and the heads of export councils to discuss proposals to double the country’s exports.

“This proves the ability of Egypt’s industry and products to withstand global challenges,” Gamea stressed.

Egypt has already achieved a noticeable increase in the field of exports, but the government looks forward to achieving leaps in exports, read a cabinet statement.

Egypt’s non-oil exports reached an all-time high of $32.1 billion in 2021, up from the $25.4 billion recorded in 2020 — an increase of 26 percent — according to figures released by the trade ministry.

Madbouly added that the government views the current global crisis as an opportunity to work on some tracks, foremost of which is the industry and export sector.

Source: egypt-business.com

Edited by: vietnamarab.net

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