May 21, 2024

Backet Hat

Just another WordPress site

Egyptian Products Required To Be Imported Abroad in 2023

Egyptian Products Required To Be Imported Abroad in 2023

Egypt imports mainly minerals and chemicals (25% of total imports). Agricultural products, livestock and food (24%, mainly wheat, corn and meat). Electrical machinery and equipment (15%) and base metals (13%). Other import export companies in uae are leather, wood, paper products, textiles and shoes (9.5%), synthetic resins and rubber (6%), and vehicles and airplanes (5.5%). The most important import partners are Germany, Italy, China, Turkey, Saudi Arabia, Kuwait and Lebanon, the USA and India.

 

Egypt Exports

Egypt has an important role in regional markets due to its location. Which allows it to be a gateway for regional countries and attract investments.

Egypt’s exports have increased for the first time since 2017 due to the government’s efforts to improve the country’s foreign international trade imports and exports balance as part of its economic reform program. The Ministry of Trade and Industry has been working on improving regulations. Promoting exports and increasing imports from developing countries. Through preferential trade agreements (PTAs).

 

Top imports from Egypt

  • Wheat ($5.2B)
  • Crude Oil ($3.42B)
  • Cars ($2.91B)
  • Transmission Equipment ($2B)
  • Refined Petroleum ($1.87B)

 

Egyptian Products Required To Be Imported Abroad in 2023

Below are products to import from international trading company  in Egypt, with large growth potential:

  1. Cotton (industry expected to grow 14% in 2021)
  2. Jewelry (worth $887 million during the first 10 months of 2021)
  3. Plastics (exports jumped 43% in 2021 despite pandemic)
  4. Fruits (food sector up 18% between January and November 2021, $3.8 billion)
  5. Ceramics (exports hit $92 million in the first nine months of 2021)
  6. Essential Oils, Perfumes and Cosmetics

 

Top 4 ideas for egypt exports in 2023

If you are looking for ideas to import and sell from Egypt, here are our 4 hottest ideas for 2023:

  • Cotton products

Egypt is world famous for its high quality cotton. Turkey and India import cotton from Egypt to produce quality 100% Egyptian cotton products for global demand.

fabric production includes fine Egyptian cotton fabrics, shirts, pants/shorts fabrics, worsted wool fabrics, denim, fleece, jersey, plain knit/wool, technical fabrics and much more. Garment production includes active sportswear, outerwear, underwear, dresses, socks, children’s wear, etc.The production of sets includes a wide range of bed linen, bath linen, table linen, kitchen accessories, etc.

Luxury 100% Egyptian cotton bed linen and bedding is perhaps one of the most sought-after products. According to a recent report by the US Department of Agriculture in Cairo, exports of cotton from Egypt are expected to increase by 14% to 250,000 bales in fiscal year 2020/2021 due to lower prices.

 

  • Plastics

Since the 2011 revolution, many sectors, notably tourism, have slowed, but not plastics, which includes finished goods.

Egyptian exports of plastic products increased by 43% in 2021 despite the challenges of the ongoing pandemic. The plastic products industry has become an important part of local manufacturing in Egypt over the last decade as it relies on plastics instead of other items such as glass and metals.

 

  • Egyptian jewelry

Egyptian gold, jewelry and gems were worth $887 million in the first 10 months of 2021, with Egypt exporting to about 37 countries.

Four other countries accounted for 66.8% of total jewelry and gemstones exports in the 10 months of 2021, led by Canada, which accounts for 54.8% of total exports valued at $486 million, followed by the United United Arab Emirates (UAE) with 32.8%, valued at $291 million.

Australia in third place with 11.6%, followed by Lebanon in fourth place with $2 million.

Egyptian exports of gems and precious stones to Spain reached a record $822,000, up from just $4,000 a year earlier.

 

  • Ceramics

Egypt intends to become a regional center for the production and export of ceramics, given the availability of energy sources, raw materials and a skilled workforce.

Ceramics exports to overseas markets reached around US$92 million in the first nine months of 2021. Egypt has a long history of ceramics production and the sector is expected to grow significantly.

 

Conclusion

Egypt’s exports have increased for the first time since 2017 due to the government’s efforts to improve the country’s foreign trade balance as part of its economic reform program. Egypt has an important role in regional markets due to its location, which allows it to be a gateway for regional countries and attract investments.

Read More