Egypt has a population of over 100 million people, and it is rapidly increasing, along with a GDP that reached $302.256 billion in 2019. It has the 40th rank for nominal GDP in 2019 and the 19th rank for PPP GDP in 2019. The country also experiences a growth of more than 5% in terms of its GDP every year. In 2018, the GDP per capita in Egypt was $2,549.13.
Egypt uses the Egyptian Pound as its main currency, with a fiscal year starting on 1 July and ending 30 June. Egypt is a developing and emerging country, even though it still holds a lower-middle-income economy. About 11.29% of Egyptian citizens did not have a job in 2019. During the last few years, the unemployment rate in Egypt has been declining. About 98,42 million people live in Egypt.
Egypt is not only famous for its pyramids. Today, this country has a rapidly evolving economy that revolves around domestic products and a large focus on exports sent to other countries. Egypt is popular for producing many different products in various sectors, providing an opportunity for a flexible range of businesses throughout the world.
List of Products That Made In Egypt
Even though Egypt has a large focus on importing from countries like China and the United Arab Emirates, Egypt also has a large part in the global export sector. Companies in Egypt frequently export goods to the United Arab Emirates, Italy, and even the United States. Other export partners include the United Kingdom, Turkey, Germany, and India, among others. More than $23 billion worth of goods it exported to other countries from Egypt every year.
There are several types of products that Egypt exports from its manufacturing plants. These range from consumer products to components and materials used by other manufacturing facilities in the importing country.
Textiles made in Egypt
Egypt is incredibly popular for its wide range of different textiles. The textile market would include clothing and accessories and fabrics that manufacturers use to produce their clothing lines. An estimated 3.6% of all goods exported from Egypt fall within the clothing and accessories category.
Raw materials are sometimes preferred over the completed products that are often made in factories within Egypt. In such cases, the raw materials may be ordered in bulk and then exported to other countries. Fashion designers can buy these raw materials. The fashion designer can process the materials and use them during production.
Precious Metals And Gems in Egypt Sourcing
Another sector that seems to be rather popular when looking at Egypt’s exports would be gems and precious metals. An estimated $1.5 billion worth of these items are exported from Egypt to other countries annually. That accounts for around 5% of all exports made from Egypt.
There is a large variety of gemstones that countries can import from Egypt. A few examples would include Lapis Lazuli, Turquoise, Sapphire, and Emerald. A few other gems would also be available when looking at the export opportunities provided by suppliers and manufacturing plants in Egypt.
There is a consistent 1% annual increase in the export of precious metals from Egypt. Gold seems to be at the top of the list when looking at precious metals exported from Egypt to other countries. There are other options available too. The company that requests the export can ask for raw materials. In some cases, in Egypt, manufacturing plants would process the precious metals from their side into a final product, such as jewelry. The export contract will then include the processed forms of the metals.
Agricultural products in Egypt
Agriculture plays a significant role in the Egyptian economy. It plays a part both domestically and as part of the growing export sector of Egypt. There are different departments in terms of agriculture that come to mind when looking at Egypt.
Egypt often exports fruits and vegetables to other countries. An estimated $1.4 billion worth of these food products exported on an annual basis. Fruits and vegetables account for about 4.8% of all the exports that Egypt sends to other countries.
Vegetables also hold a large part in the exporting, particularly related to the agriculture section. About 3.1% of all exports that go from Egypt are in the form of vegetables. It equals an estimated $911.4 million worth of vegetables each year.
Another agriculture product that is often exported from Egypt would be fertilizers, which assist farmers in other countries to enhance their health, which, in turn, yields better crops. Fertilizers account for 4.7% of all Egypt’s exports, with an estimated $1.4 billion worth of fertilizer products exported from the country annually.
Iron And Steel products in Egypt
Many companies decide to import raw materials, including iron and steel, from Egypt. An estimated 3.6% of the exports that come from Egypt consists of iron and steel products. In many cases, the raw materials would be exported directly to the customer’s location. Some of the manufacturing facilities in Egypt would also provide services that use the steel to produce a final product – ensuring the customer does not need to employ a complete manufacturing operation on their side.
About $1 billion worth of steel products and iron is exported from Egypt each year, making this one of the major exported products contributing to the Egyptian economy.
Plastics manufacturing in Egypt
Another category that ranks at the top among the exported goods from Egypt includes plastics. Plastic is a broad category that may consist of containers, molds, and more. These items are often used as packaging solutions by third-party companies to provide their customers with everything from beauty products to cleaning detergents.
About $1.8 billion worth of plastic and plastic products are exported from Egypt annually, accounting for 6.1% of all the exports that leave the country.
Other Products Made In Egypt
Apart from the products and sectors, we considered above, a few others are also relatively common when searching for Egypt’s export opportunities. These include:
- Mineral fuels
- Natural gases
- Electrical machinery
- Electrical equipment
Final Thoughts on Manufacturing in Egypt
Egypt is seen as a rapidly evolving country with an economy that is growing stronger. Several Egyptian sectors have started to provide export opportunities, supplying everything from clothes to food products to companies in other countries.