Egypt’s non-oil exports rise 3% in nine months – minister

Egypt’s non-oil exports rose 3 percent to $19.201 billion during the first nine months of the year  from $18.708 billion last year, said Minister of Trade and Industry Amr Nassar on Monday.

The rise in exports has backed lower trade balance deficit which was cut by $669 million meanwhile, according to Mubasher.

Textiles exports grew by 10 percent year-on-year to $2.571 billion in the January-September 2019 period when compared to $2.335 billion, said the head of the General Organization for Import and Export Control (GOEIC), Ismail Gaber.

Exports from engineering industries soared by 9 percent to $1.873 billion in the nine-month period when compared to $1.722 billion a year earlier.

Ready-made garment exports reached $1.268 billion over the nine-month period, 7 percent year-on-year higher than $1.18 billion.

Meanwhile, the medical sector registered $392 million in the January-September period when compared to $382 million, registering a 3 percent year-on-year rise.

The USA ranked the first among six countries holding 37 percent of total Egyptian exports with $1.636 billion, followed by the UAE with $1.414 billion, Saudi Arabia with $1.295 billion, Turkey with $1.232 billion, Italy with $994 million, and the UK with $729 million.