“Ministers’ Information”: 15.4% increase in the value of non-oil exports during the first quarter of 2021

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The Information and Decision Support Center in the Council of Ministers showed an increase in the value of non-oil exports during the first quarter of 2021 to record about $7.5 billion, compared to about $6.5 billion during the previous quarter, with an increase of 15.4%, and an increase of 7.1% compared to the same quarter of last year. .

This came in the first issue launched by the Information and Decision Support Center in the Council of Ministers, of the “Non-Oil Commodity Exports” report, which is a quarterly report that aims to analyze the export opportunities for Egyptian exports to the largest markets, exports and target markets in the various (short, medium, and long terms) The report also monitors Egypt’s exports of commodities that enjoy comparative advantages.

The report included an overview of the structure of the Egyptian trade balance and the development of non-oil commodity exports. The report also dealt with a presentation of the trade balance between Egypt and the most important trading partners, in addition to providing recommendations on the most important target markets in the short, medium and long term, and the most important export opportunities for Egyptian exports.

The report showed an improvement in non-oil commodity exports during the first quarter of 2021 compared to the same period in 2020.

The report highlighted a decrease in the value of the non-oil trade deficit during the first quarter of 2021 by 5.0% compared to the previous quarter, and a decrease of 2.1% compared to the same quarter of last year, due to the increase in non-oil imports and the increase in the value of non-oil exports.

The report indicated that the commodity of plastics and its products came on the list of exported commodities whose exports increased during the first quarter of 2021 compared to the first quarter of 2020; Where it recorded about $626.9 million during the first quarter of 2021, compared to about $399.8 million during the first quarter of 2020, an increase of 56.8%, followed by the commodity of cast iron (back) and iron and steel (steel) with an increase of 132.9%.

Mineral fuels, mineral oils, and distillation products were the largest non-oil Egyptian exports during the first quarter of 2021; Where it recorded about $809.9 million, compared to about $883.2 million during the same period in 2020, followed by fruits and crustaceans, which recorded about $635.3 million during the first quarter of 2021, compared to about $595.5 million during the same period in 2020.

The report confirmed a decline in the value of non-oil exports during the second quarter of 2020, which is the peak period for the spread of the “Covid-19” pandemic, to record about $5.6 billion, compared to about $7.0 billion during the first quarter of 2020, a decline of 20.0%.

Source: asha a

The article “Ministers’ Information”: A 15.4% increase in the value of non-oil exports during the first quarter of 2021 was written in Al Borsa newspaper.