Egypt’s Merchandise Exports Surge 9.8% YoY in First 5 Months of 2024, Driven by Diversified Markets and Products

Egypt’s merchandise exports have seen a significant increase, rising by 9.8% year-on-year in the first five months of 2024 to reach $16.551 billion. [2][3][4] This growth reflects the country’s strengthening export performance, as it continues to diversify its export markets and product mix.

Key export destinations included Turkey, Saudi Arabia, the United Arab Emirates, Italy, and the United States, which collectively accounted for a substantial portion of Egypt’s total merchandise exports. [5] The export surge was driven by strong performances across various sectors, including construction materials, food industries, chemical and fertilizer products, agricultural products, and engineering and electronic goods. [5] Egypt’s ability to maintain this positive export momentum will be crucial in supporting its economic growth and development in the coming years.