Egypt’s gold, precious stones exports hit $1.633bln in 2022

Egypt’s gold exports grew by 45 percent reach $1.633 billion in 2022 compared to $1,126 billion in 2021, according to General Organisation for Export and Import Control report, which Amwal Al Ghad obtained a copy in Wednesday.

Egypt’s exports of jewellery, precious stones and gold during last December increased by 26.8 percent to reach $104 million, compared to $82 million in December 2021, the report showed.

United Arab Emirates has controlled 51.5 percent of Egypt’s total exports of gold, jewellery and precious stones, at a value of $841 million, compared to $394 million, with a growth of 113 percent.

Egypt’s gold exports to Canada recorded 48.3 percent, at a value of $789 million, compared to $620 million, with a growth of 27 percent, according to the monthly report.

While, Germany has recorded $477,000 of Egypt’s gold exports, compared to $670,000, as Italy has decreased its gold exports by 79 percent to record $257,000, compared to one million dollars.

However, Bahrain acquired about $98,000 of Egypt’s gold exports compared to $89,000, showing a growth of 10 percent, while Saudi Arabia obtained about $10,000 compared to $2.033 million, recording a decline of 95 percent.