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Reading: Egypt’s non-oil exports rise 6% in Q1 2021: Trade Ministry
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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
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Dailynewsegypt > Blog > Business > Trade > Egypt’s non-oil exports rise 6% in Q1 2021: Trade Ministry
Trade

Egypt’s non-oil exports rise 6% in Q1 2021: Trade Ministry

Shaimaa Al-Aees
Last updated: 2021/04/17 at 2:12 PM
By Shaimaa Al-Aees 2 Min Read
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Egyptian engineering exports grow by 8% in H1 of FY 2020/21
Egyptian engineering exports grow by 8% in H1 of FY 2020/21
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Egypt’s Minister of Trade and Industry Nevine Gamea has announced that the country’s non-oil exports achieved a remarkable increase of 6% during the first quarter (Q1) of 2021.

As a result, it reached $7.438bn, compared to approximately $6.99bn in the same period of 2020.

The minister added that Egyptian imports witnessed a slight increase of 2% during Q1 of 2020, recording $16.991bn compared to $16.675bn in the same period of the previous year.

Gamea pointed out that these positive indicators contributed to achieving a 1% decrease in trade deficit to $9.552bn, compared to $9.685bn in Q1 of 2020.

Ismail Gaber, Head of General Organization for Export & Import Control, said that the largest sectors on the list of Egyptian exports in Q1 of 2020 included: chemical and fertilisers products with a value of $1.530bn; building materials with a value of $1.353bn; and food industries sector with a value of $965m. 

Meanwhile, engineering and electronic goods came in at a value of $739m, ready-made garments reported a value of $434m, and medical industries reported a value of $174m.

Gaber added that there are five countries whose markets accounted for 30.6% of total Egyptian exports, including: Turkey, with a value of $504m; the US, with a value of $498m; Saudi Arabia, with a value of $456m; Italy, with $447m; and Malta, with $375m.

On the most important exporting countries to the Egyptian market, Gaber pointed out that there are five countries that accounted for 42.1% of total Egyptian imports. These included: China, with a value of $3.145bn; the US, with $1.495bn; Germany, with a value of $970m; Russia, with a value of $855m; and Italy, with a value of $689m.

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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
TikTok updates its community guidelines
Business
Strong representation of women in TV series of Ramadan 2023
Strong representation of women in TV series of Ramadan 2023
Culture Cinema
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
Business
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
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