Egypt’s Gold Exports Recorded $1.5 Billion in 2022

Egypt’s exports of gold, jewellery, and treasured stones elevated by 46% throughout the interval from January to November 2022, to achieve $1.529 billion, in comparison with $1.044 billion throughout the identical interval in 2021.

Export Council for Constructing Materials (ECBM) said that Egypt exported gold, jewellery and treasured stones to about 43 international locations throughout the first 11 months of final yr, and UAE acquired 52.3% of Egypt’s whole exports of gold, jewellery and treasured stones, at a worth of $ 800 million, in comparison with $ 370 million, with development. 116%.

In the meantime, Canada acquired 47.5% of Egypt’s exports of gold, jewellery and treasured stones, at a worth of $726 million, in comparison with $563 million within the earlier yr, a development of 29%.

Furthermore, Egyptian gold and treasured stones exports to Turkey elevated to achieve $3 million throughout the interval from January-November 2022, in comparison with $1 million throughout the identical interval in 2021, with a development of 73%.

Contributed by Nada Mustafa