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Friday, May 3, 2024 10:25 GMT
Egypt’s non-oil exports rose 50% in May from a year earlier to US$2.288 billion. Non-oil exports increased by 19% during the first five months of 2021 amounting to US$12.3 billion while imports increased by 10% amounting to US$29.1 billion, year-on-year, Asharq Business reported, citing official data. The economic reform program adopted by the government is a mainstay in achieving positive growth rates and creating new jobs, said Egyptian Trade Minister Nevine Gamea in a filing. The minister attributed the increase in exports to efforts to support the production and export sectors during the pandemic. Medical industries, leather, engineering and electronic goods sectors were among 12 sectors that witnessed significant export growth. The European Union is the most popular destination for Egyptian exports.