Egypt increased its exports in 2022

Egypt increased its exports in 2022

Al Ahram newspaper noted that the figure was released by Prime Minister Mustafa Madbouly during a cabinet meeting held in the new administrative capital, some 45 kilometers from Cairo. Madbouly stressed that this amount was reached despite the various challenges faced by the industrial and productive sector in Egypt, as well as the economic and geopolitical crisis that the world is going through.

During the meeting, Tarek El Molla, Minister of Oil and Natural Resources, said that $18.2 billion of the sum raised corresponded to sales of crude oil and gas, according to the official MENA news agency.

For his part, Ahmed Samir, head of the Trade and Industry Department, pointed out that Egyptian non-oil exports exceeded $35.6 million.

Egyptian authorities announced plans to reach $100 billion a year in overseas sales by 2025.

Last year, this North African country launched a project to reduce imports and increase exports, particularly in nine sectors including wood and furniture, chemicals and textiles.