Export of Goods Value from Egypt (1990-2023)

Export of Goods Value from Egypt (1990-2023)

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TGM StatBox. (2024). Export of Goods Value from Egypt (1990-2023). TGM StatBox.
Chart Details
Timeframe: 1990-2023
Country: Egypt
Published date: 2024
Note: Merchandise exports by product group – annual (Million US dollars), as defined by the World Trade Organization (WTO), measures the total value of goods exported from a country, categorized by specific product groups, and expressed in millions of U.S. dollars.
Key Takeaways
Egypt's export value showcased a steady upward trend over the decades, reflecting significant economic shifts and global market dynamics. Between 1990 and 2000, exports rose moderately from $2.6 billion to $5.3 billion, driven by the liberalization of the Egyptian economy and growing demand for petroleum and agricultural products. The early 2000s marked a rapid escalation, peaking at $26.4 billion in 2010. This growth was fueled by expanding industrial production and increased oil and gas exports, supported by global demand and rising energy prices.

Post-2011, the trajectory was less stable, affected by political upheavals and economic restructuring. Exports fluctuated but recovered significantly after 2020, reaching a record $51.3 billion in 2022 due to rising global commodity prices and diversification efforts. However, in 2023, exports dipped slightly to $42 billion, reflecting external market pressures. Overall, the data highlights Egypt's evolving role in the global trade landscape.

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