"Ministers’ information" It issues its quarterly report "Non-oil commodity exports
The Information and Decision Support Center of the Council of Ministers issued the twelfth issue of the “Non-oil Merchandise Exports” report, which is a quarterly publication that deals with a general overview of the structure of the Egyptian trade balance and the development of non-oil commodity exports. It also deals with a presentation of the trade balance between Egypt and The most important trading partners, and export opportunities for Egyptian exports to the largest markets, in addition to the targeted markets in the short, medium and long term. The first section of the report shed light on the structure of the Egyptian non-oil trade balance during the period “4th quarter 2022 – 4th quarter 2023”.
The value of non-oil exports increased to $8.7 billion during the last quarter of 2023
The deficit amounted to Non-oil trade amounted to $9.3 billion during the fourth quarter of 2023, compared to about $10.4 billion during the same quarter of 2022, a decrease of 10.6%. This is due to the decrease in the value of non-oil imports, while the value of non-oil exports during the fourth quarter of In 2023, about $8.7 billion compared to $8.6 billion during the same quarter of 2022, with an increase rate of about 1.2%, and the value of non-oil imports reached $18 billion during the fourth quarter of 2023, compared to about $19 billion during the same quarter of 2022, with a decrease rate. It amounted to about 5.3%.
The second section of the report focused on the trade balance between Egypt and the most important trading partners during the fourth quarter of 2023, The People’s Republic of China came as Egypt’s most important trading partner with a trade volume of $3.4 billion during the fourth quarter of 2023, followed by Turkey with a trade volume of $1.5 billion.
He also reviewed The report is the non-oil trade balance between Egypt and the most important trading partners during the fourth quarter of 2023, as the People’s Republic of China came at the forefront of the countries with which Egypt achieved a trade deficit during the fourth quarter of 2023, with a trade deficit amounting to $3.2 billion, followed by the Russian Federation with a value of $939.9 million, then The Federal Republic of Germany amounted to $921.9 million, while the trade deficit between Egypt and China increased by $87.2 million during the fourth quarter of 2023 compared to the fourth quarter of 2022, and the trade deficit between Egypt and the Russian Federation decreased by $282.6 million during the fourth quarter of 2023 compared to the fourth quarter of 2022. The report indicated Also to the non-oil trade balance between Egypt and the most important countries of East Asia and Southeast Asia during the period “fourth quarter 2022 – fourth quarter 2023”.
The value of the non-oil trade balance deficit between Egypt and the most important countries of East Asia and Southeast Asia reached $5.2 billion during the fourth quarter of 2023, compared to $5.1 billion during the fourth quarter of 2022. The percentage of increase in the value of the non-oil trade balance deficit was between Egypt and the most important countries of East Asia and Southeast Asia by 2% during the fourth quarter of 2023 compared to the fourth quarter of 2022, while the value of Egyptian non-oil exports to the most important countries of East Asia and Southeast Asia reached $374 million during the fourth quarter of 2023, compared to about $640.5 million. During the fourth quarter of 2022, a decrease rate of about 41.6%.
With regard to Egyptian non-oil exports to the most important countries of East Asia and Southeast Asia During the fourth quarter of 2023, India came at the forefront of countries importing non-petroleum Egyptian goods during that period with a value of $112.4 million, followed by China with a value of $108.4 million, while Nepal came as the least importing country for Egyptian non-petroleum goods during the fourth quarter of 2023 with a value of $58.3 thousand. As for non-petroleum imports from the most important countries of East Asia and Southeast Asia during the fourth quarter of 2023, the People’s Republic of China came at the forefront of the countries from which Egypt imports non-petroleum goods with a value of $3.3 billion, then India with a value of $631.5 million, while Brunei Darussalam came as the least expensive country. From which Egypt imports non-petroleum goods during the fourth quarter of 2023 at a value of 89.5 thousand dollars.
The third section of the report highlighted the development of non-petroleum merchandise exports according to the highest commodities and major markets during the period “Fourth Quarter 2022 – Fourth Quarter 2023”, in addition to reviewing the untapped export opportunities for Egyptian exports in major markets. In terms of the development of the volume of non-petroleum merchandise exports During the period “Fourth Quarter 2022 – Fourth Quarter 2023”, the value of these exports amounted to $8.7 billion during the fourth quarter of 2023, compared to $8.6 billion during the same fourth quarter of 2022, with an increase of 1.2% during the fourth quarter of 2023 compared to the fourth quarter of 2023. The year 2022. And on the level of development of the volume of non-petroleum commodity exports.
According to the highest commodities during the fourth quarter of 2023, it was "natural or cultured pearls, and precious stones" The largest Egyptian non-petroleum export commodities in terms of value during the fourth quarter of 2023 were about $739.6 million compared to about $475.4 million during the same period in 2022, then “machinery, appliances, electrical equipment and their parts.” It recorded about $692.9 million during the fourth quarter of 2023, compared to about $617.8 million during the same period in 2022.
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