Non-oil exports from Egypt reached $21.35 billion in the 10-month period to October, going up by 26 percent compared to the same period in 2020, according to a report by the country’s General Organization for Export and Import Control.
All industrial sectors recorded strong growth rates in the period despite the adverse effects of restrictions following the COVID-19 pandemic, news site Mubasher reported.
Exports of chemicals and fertilizers rose by around 42 percent in the same period, hitting $5.36 billion while sales in the food industry grew by 19 percent to reach $3.43 billion.
In addition, outgoing shipments from the engineering industry grew by 43 percent to stand at $2.65 billion for the same January-October period.
Textile exports increased by 25 percent while those of agricultural crops rose by a more modest 8 percent.
In a related development, a member in Egypt's House of Representatives said that the national economy is capable of hitting around $100 billion of exports a year, according to Al Ahram Gate.