Non-oil exports stood at $15.4 billion in H1 2021, compared to $12.5 billion in H1 2020.
During the first quarter (Q1) of 2021, non-oil exports rose to $5.3 billion.
Accounting for the new Trade Ministry divs, this means that exports have doubled on a quarterly basis to $10 billion in Q2 2021.
In H1 2021, Egypt spent $36.6 billion on non-oil imports during the first six months of the year, up 11% from $32.9 billion in the same period in 2020, according to the statement.
The country plans to eventually export goods worth $ 100 billion every year.
Increasing exports is one of the key targets of the government’s new structural reform program.
The recent unveiling of a new export subsidy program in addition to a new round of structural reforms pledge to ramp up exports in manufacturing, telecoms and IT, and agriculture.
