Egypt’s commodity exports rise by 5.3% in Q1

Egypt’s commodity exports recorded a 5.3 per cent growth during the first quarter of 2024, reaching $9.612 billion compared to $9.129 billion in the same period in 2023, the Cabinet announced on Tuesday.

The report identified Turkey as the top market for the Egyptian commodity exports, seizing a share of $874 million, followed by Saudi Arabia of $792 million, UAE of $586 million, Italy of $544 million, and the USA of $471 million.

The key customs items in the Egyptian commodity exports that witnessed a rise in the first quarter of the current year were fresh and dried citrus fruits ($625 million), nitrogen fertilisers ($421 million), insulated wires and cables ($339 million), oil ($317 million), and gold ($303 million).