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Egypt’s non-oil exports leap up to $7.5 billion in Q1 of 2021

Egyptian fisherman work their nets near international cargo container ships anchored in the Suez canal in Ismailia, Egypt.
By TRENDS Desk
October 9, 2021 10:10 pm
  • The country's non-oil balance of trade deficit narrowed by 5% quarter-on-quarter (QoQ) during the January-March period
  • Mineral fuels, oils, and distillation products topped the non-oil exports with a value of $809.9 million in Q1-21 from $883.2 million in Q1-20

Egypt’s non-oil exports increased to $7.5 billion in the first quarter of 2021, compared to $6.5 billion in Q4-20, according to data by the cabinet’s Information and Decision Support Center.

The country’s non-oil balance of trade deficit narrowed by 5% quarter-on-quarter (QoQ) during the January-March period and by 2.1% year-on-year (YoY), data showed.

Mineral fuels, oils, and distillation products topped the non-oil exports with a value of $809.9 million in Q1-21 from $883.2 million in Q1-20, while exports of plastics recorded $626.9 million, up by 56.8% from $399.8 million in Q1-20.

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