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Egypt’s “non-oil” merchandise exports declined in H1 of this year by 17% to about $16 billion compared to $19.3 billion a year ago, according to an official government statement to “Iqtisad Al-Sharq.”
Egypt’s merchandise exports reached $35.61 billion last year despite difficult global conditions, an increase of 12% compared to 2021.
The official, who spoke with the “Iqtisad Al-Sharq” on condition of anonymity, attributed the decline in exports to the lack of raw materials and production inputs needed for production processes, and repercussions of the global crisis.
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