Egypt’s exports to Germany rise by 11% in first half of 2024

EGYPT – A recent report from the Central Agency for Public Mobilization and Statistics (CAPMAS) shows that Egyptian exports to Germany grew by 11% in the first half of 2024, reaching USD 463 million.

Among Egypt’s top exports to Germany are vegetables and fruits, which accounted for USD 93 million of the total export value.

Other key exports included electrical and mechanical machinery and equipment at $68 million, ready-made clothes at USD 65 million, and fuel and mineral oils at USD 9*+50 million. Egypt’s exports of grains and oil fruits also made a significant contribution, totaling $25 million.

On the import side, Egypt acquired USD 628 million worth of electrical and mechanical equipment and parts from Germany. Cars and tractors followed closely, with a total value of USD 464 million, while pharmaceutical products, plastics, and chemical items also featured prominently among the imports.

The overall trade exchange between the two countries saw a 4.2% growth, amounting to USD 2.5 billion in the first half of 2024, up from USD 2.4 billion in 2023. Despite this growth, German investments in Egypt dipped slightly, from USD 199.6 million to USD 196.4 million during the same period.

The upcoming 42nd edition of Macfrut, scheduled for May 2025 in Rimini, Italy, will further spotlight Egypt’s strategic role in the global fruit and vegetable trade.

Egypt will serve as the partner country for this renowned agricultural event, emphasizing its importance as a major exporter of citrus, table grapes, and strawberries.

At the official press conference in Cairo, several industry leaders discussed the growing collaboration between Egypt and Europe. Italian Ambassador Michele Quaroni highlighted Egypt’s significance, stating, “Egypt is a gateway for Europe and Africa, and this partnership will foster greater trade opportunities.”

He also touched on the new maritime link between Damietta and Trieste, designed to enhance trade flows between the two regions.

Another key focus of the Macfrut event was the Mattei Plan, an Italian initiative that aims to strengthen cooperation between Italy and African countries. Matteo Zoppas, President of the Italian Trade Agency, underscored the importance of this plan in areas like agriculture and energy.

“The Mattei Plan seeks to boost Italy’s ties with Africa, with Egypt playing a key role in agricultural development,” he said.

Khaled Emara from Egypt’s Ministry of International Affairs highlighted the long-standing trade relationship with the European Union, noting, “There is significant room for expanding our trade, particularly in processed agricultural products.”

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