Egypt's Non-Oil Trade Deficit Narrows as Exports Surge in Q1 2025: Cabinet Report
The Information and Decision Support Center (IDSC) of Egypt's Cabinet has released the 17th edition of its quarterly report on non-oil merchandise exports, offering an in-depth analysis of Egypt's non-oil trade balance for the period spanning Q1 2024 to Q1 2025.
According to the report, Egypt's non-oil trade deficit shrank to $5.6 billion in the first quarter of 2025, down from $6.4 billion in Q1 2024—marking a 12.5% decrease. The improvement is attributed to a significant rise in non-oil merchandise exports, which outpaced the growth in imports.
Egypt's non-oil exports climbed to $13 billion during Q1 2025, up from $9.7 billion in the same quarter last year, reflecting a robust year-on-year growth of 34%.
Meanwhile, non-oil imports increased to $18.6 billion from $16.1 billion, representing a 15.5% rise over the same period.
The report also highlighted quarter-on-quarter progress. Non-oil exports in Q1 2025 grew by 17.1% compared to Q4 2024, when export value stood at $11.1 billion.
Among Egypt's top export groups, 'Natural or Cultured Pearls and Precious Stones' led in value, reaching approximately $2.9 billion in Q1 2025—a dramatic surge from $305.3 million in Q1 2024. This group alone accounted for 22.4% of Egypt's total non-oil exports, up from just 3.1% a year earlier, making it the only group among the top ten export categories to increase its relative weight.
In contrast, several other major export categories saw a decline in their export share. These included:
>> Edible fruits and nuts (from 8.9% to 6.6%)
>> Iron and steel (from 5.3% to 3.3%)
>> lPlastics and plastic products (from 6.6% to 4.8%)
>> Vegetables and edible roots and tubers (from 7.1% to 5.4%)
The report also includes an analysis of Egypt's trade balances with key global partners, though further details were not disclosed in the summary.
This latest edition underscores Egypt's improving trade performance and diversification of its export base—driven notably by a surge in precious stones and jewelry exports—despite global economic headwinds.
read more
Gold prices rise, 21 Karat at EGP 3685
NATO's Role in Israeli-Palestinian Conflict
US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria
Shoukry Meets Director-General of FAO
Lavrov: confrontation bet. nuclear powers must be avoided
News
Iran Summons French Ambassador over Foreign Minister Remarks
News
Aboul Gheit Condemns Israeli Escalation in West Bank
News
Greek PM: Athens Plays Key Role in Improving Energy Security in Region
News
One Person Injured in Explosion at Ukrainian Embassy in Madrid
News
Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters
Arts & Culture
"Jurassic World Rebirth" Gets Streaming Date
News
China Launches Largest Ever Aircraft Carrier
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Arts & Culture
South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle
Business
Egyptian Pound Undervalued by 30%, Says Goldman Sachs
Sports
Get to Know 2025 WWE Evolution Results
News
"Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence"
News
Flights suspended at Port Sudan Airport after Drone Attacks
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
See - Sada Elbalad
an hour ago
- See - Sada Elbalad
Data Reveals: Egypt's Rising Gold Export Value Driven by Global Prices, Not Industrial Growth
Waleed Farouk Despite recent discussions about a surge in Egypt's gold exports, available data paints a different picture, indicating that there hasn't been a substantial boom. Statistics show that roughly 90% of the gold exported is raw gold—a long-standing practice in the Egyptian market aimed at securing foreign currency and providing local cash liquidity. This trend became more apparent after the Central Bank intervened and lifted the valuation fees on raw gold exports, following an earlier decision by the Ministry of Supply and Internal Trade in 2021 to impose those fees in line with those applied to jewelry exports. Why Have Export Values Increased? The primary reason is the rise in global gold prices, not an actual increase in export volumes or an improvement in local industry. Therefore, much of the narrative from the Precious Metals Division seems more like an attempt to maintain media visibility. The most critical indicator in this context is the volume of jewelry exports, as it is the only metric that reflects real added value for the domestic industry. In contrast, collecting scrap gold, melting it, and reselling it abroad does not constitute genuine industrial growth. How Much Jewelry Does Egypt Export? This question can only be answered precisely through official data issued by the Assay and Weights Authority and Customs Authority. However, according to sector sources, following the December 2022 decision by Minister of Supply and Internal Trade Dr. Ali Al-Moselhy to remove valuation fees on jewelry exports, some companies attempted to enter the export market. Nevertheless, the numbers remain limited. Business owners confirm that Egypt's total jewelry exports since the beginning of the year have not exceeded 100 kilograms—a modest figure compared to regional markets. Moreover, the total value read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language
See - Sada Elbalad
2 hours ago
- See - Sada Elbalad
Trump, EU Chief von der Leyen Meet in Scotland
Israa Farhan European Commission President Ursula von der Leyen and former US President Donald Trump are set to meet in Scotland on Sunday, just days ahead of a critical deadline for the imposition of new US tariffs on European Union imports. The high-stakes meeting will take place at Trump Turnberry in Scotland, where Trump spent Saturday playing golf. The encounter follows weeks of tense trade negotiations between Brussels and Washington. Trump has previously indicated that there is a 50-50 chance of securing a trade agreement with the EU, expressing conditional openness to delaying or modifying the proposed tariffs. The proposed US tariffs, set at 30 percent on a range of European exports—are scheduled to take effect on August 1. The measures are part of Washington's response to what it claims are persistent trade imbalances with the bloc. However, the former president has left room for negotiation, suggesting the possibility of reducing or waiving the tariffs if the EU agrees to further open its markets to American goods and services. The European Commission has been working intensively to avoid the implementation of higher duties, which would significantly impact key European industries. A spokesperson for von der Leyen stated that the meeting would allow both leaders to assess the current situation and explore a potential balanced outcome that would offer stability and predictability for businesses and consumers on both sides of the Atlantic. German Chancellor Friedrich Merz recently hinted that a breakthrough in the trade dispute may be imminent. Trump has already struck a separate deal with Japan, agreeing to a 15 percent tariff—far below the rate originally proposed. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language
See - Sada Elbalad
5 hours ago
- See - Sada Elbalad
Turkish Amb. Highlights Role of Syrian-Origin Entrepreneurs in Boosting Egypt's Economy
Ahmed Emam Turkish Ambassador to Egypt, H.E. Salih Mutlu Şen, praised the contribution of Syrian-origin Turkish entrepreneurs to Egypt's economy during a visit to the headquarters of Al-Andalus, a company founded and operated by Turkish businessmen of Syrian descent in 6th of October City. In a post on X, Ambassador Şen described Al-Andalus as a model of regional cooperation, noting that the firm imports engines from three Turkish companies and provides assembly, maintenance, and repair services in Egypt. He added that the company also plans to launch a local manufacturing line — a move that could deepen industrial ties between Turkey and Egypt. Highlighting the broader impact of migration, Şen emphasized that the 1.5 million Syrian-origin migrants in Egypt are making significant contributions to the economy as businessmen, entrepreneurs, skilled workers, and artisans. 'I believe this community could serve as a driving force for future economic and transportation integration between Turkey, Egypt, and Syria,' the ambassador wrote. Al-Andalus represents a growing trend of transnational entrepreneurship among the Syrian diaspora, especially those with links to Turkey. The ambassador's remarks reflect Ankara's support for grassroots economic initiatives that could complement formal diplomatic and trade relations in the region. Analysts suggest that businesses like Al-Andalus are not only enhancing local industries but also building bridges that may foster deeper regional cooperation in the post-conflict reconstruction of Syria and broader Middle Eastern integration. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language
