The Egyptian government is taking significant steps to enhance its export capabilities, aiming to increase the value of exports to approximately $145 billion by 2030. This ambitious goal is part of a broader strategy that includes diversifying the product base and expanding into new markets, while also providing incentives for exporters and encouraging investments in non-traditional sectors such as advanced technology, renewable energy, and pharmaceuticals.
According to a report from Egypt News, published on April 6, 2025, the General Organization for Control of Exports and Imports has issued Resolution No. 243 for the year 2025, which outlines the registration of factories eligible to export their products to Egypt. This decision reflects the government’s commitment to improving the quality of Egyptian products and their competitiveness in the global market.
The resolution follows a review of several key legal frameworks, including Law No. 61 of 1963, which governs public authorities, and Law No. 118 of 1975 concerning import and export regulations. Additionally, it considers the Presidential Decree No. 1770 of 1971 that established the General Organization for Export and Import Control, along with various ministerial resolutions aimed at regulating the registration of exporting factories.
As part of the new export strategy, the Egyptian government has focused on developing both industrial and technological sectors. This restructuring aims to shift reliance from traditional industries to more advanced manufacturing, including heavy industries like iron, steel, and cement, as well as supporting small and medium-sized enterprises. The local market has seen a noticeable increase in the launch of industrial projects, particularly in the automotive and technology sectors.
In 2024, Egyptian exports reached approximately $40.8 billion, a significant rise from $35 billion in 2023. The government is targeting $48 billion in exports by the end of the current year, reflecting a robust recovery and growth in the export sector.
The objectives set forth in the government’s plan for industry and export by 2030 are ambitious. They include:
- Targeting a volume of industrial production at 2.7 trillion pounds.
- Aiming for a 20% annual growth rate in exports.
- Seeking $100 billion in investments to reduce reliance on imports over the next five years.
- Establishing a projected export value of $145 billion by 2030.
- Addressing a $30 billion gap between imports and exports.
- Achieving a targeted contribution of 20% from the industrial sector to the national product.
- Anticipating a 3% growth in global trade by 2025.
To achieve these goals, the government is launching various initiatives aimed at enhancing the competitiveness of Egyptian products in international markets. The focus is on expanding exports to Europe, the United States, and Asia, ensuring that Egyptian products meet international specifications and standards.
According to the General Organization for Control of Exports and Imports, five countries accounted for 34.4% of total Egyptian exports in 2024, valued at $14.05 billion. These countries include Saudi Arabia, the United Arab Emirates, Turkey, Italy, and the United States.
Despite facing economic challenges, the government continues to support exporters through various means. This includes enhancing exports of information technology services and communications, encouraging companies to reduce export costs, and increasing allocations for export burden refund programs starting from the fiscal year 2024/2025.
In a related development, the Egyptian specifications published on April 6, 2025, also included Resolution No. 244 for the year 2025, which further addresses the registration of factories and companies that meet the criteria for exporting their products to Egypt. This resolution emphasizes the importance of maintaining high standards for products entering the Egyptian market.
The government’s commitment to improving the export landscape is clear, with a focus on not just increasing numbers but also enhancing the quality and competitiveness of Egyptian products on the global stage. As these initiatives unfold, the outlook for Egyptian exports appears promising, with significant potential for growth in various sectors.
In summary, the Egyptian government is poised to make substantial strides in its export capabilities, driven by a clear vision and supportive policies aimed at fostering a robust industrial base. With a focus on innovation and quality, Egypt is setting the stage for a new era of economic growth and international trade.
