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Industrial Exports...on Rise

 

The five years (2001/05) have witnessed a remarkable gradual increase in the total Egyptian exports, the total exports volume increased from $ 4.2 billion in 2001 to $ 10.7 billion in 2005 at a rate of 156 percent. The petroleum exports contributed the greatest share in the volume of Egyptian exports reaching 49 percent of the total exports in 2005.

The volume of non-petroleum export increased from $ 2.3 billion in 2001 to $ 4.2 billion in 2005. The Egyptian exports increased to about $ 8.5 billion in May 2006 at a rate of increase 46 percent from the targeted plan of the fiscal year 2005/06, that reflects the true development to the new export methods which were laid by the councils of export and the Council of Developing Exports.

The foods industrial sector made a dramatic leap in its exports during the first half of the fiscal year 2005/06 with an increase of 49 percent against the same period of the past year. These exports reached LE 2.127 billion.

The agricultural exports witnessed a remarkable development reaching a growth rate of 54 percent during the last five years. Rice, potatoes and orange make up 61 percent of Egypt's agricultural exports (except of cotton). Non petroleum Communities witnessed a remarkable increase during (2001/05), they increased at a rate of 84 percent to reach $ 3 billion in 2005 against $ 1.6 billion in 2001. Italy topped the importer list of Egyptian products. USA, Italy and Spain rank the first of trade volume with Egypt.

The European Union represents the most important bloc in regard to trade with Egypt with a rate of 25 percent in 2005. The Asian Countries rank the second with a rate of 18 percent, the Arab Countries rank the third with 17 percent and the North American Countries rank the fourth with a rate of 9.5 percent.

 

    

 

 

 

 

 

 

 

   

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