Recently, the Egyptian Ministry of Industry and Trade released a report stating that Egypt’s non-oil exports in April were US$1.8 billion, down 11% from US$2 billion last year. In the first four months of this year, Egypt’s non-oil exports were only US$7.6 billion, down 2% year-on-year, accounting for 30% of the full-year expected target of US$25 billion. Exports of the clothing industry fell by 22%; exports of the textile industry fell by 12%; exports of the handicraft industry fell by 17%; exports of the engineering industry fell by 27%.
Although the export value of most export-oriented industries declined in April, the export value of the leather industry reached US$20 million, a year-on-year increase of 22%; the furniture industry export value reached US$34 million, a year-on-year increase of 2%. According to the report, Egypt’s most important export commodities are fertilizers, cables, plastics, jewelry, gems, pharmaceuticals, aluminum products, and steel products.
