Egypt’s exports surge by 24% in February amid trade shifts

The latest monthly trade report released by the Central Agency for Public Mobilization and Statistics, known as CAPMAS, explained that the growth in exports was driven by an increase in ready-made garments. Shutterstock
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Updated 13 May 2025
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Egypt’s exports surge by 24% in February amid trade shifts

RIYADH: Egypt’s exports rose by 24.1 percent year on year in February to reach $4.43 billion, driven by increased shipments of key commodities.

The surge comes amid other economic indicators improving, highlighting the country’s developing financial landscape.

The latest monthly trade report released by the Central Agency for Public Mobilization and Statistics, known as CAPMAS, explained that the growth in exports was driven by an increase in ready-made garments, which rose by 30.6 percent, and petroleum products, which increased by 12.2 percent. 

Moreover, processed foods grew by 9.3 percent, and primary plastic products saw a 3.4 percent rise.

Egypt’s export growth comes as the Middle East and North Africa region navigates shifting global trade dynamics in 2025, with the impact of recent tariff measures and geopolitical tensions reshaping commercial flows worldwide. 

Egypt’s overall trade balance recorded a deficit of $2.33 billion, marking a 29.1 percent decline from February 2024, when the deficit stood at $3.28 billion. 

In the second month of this year, imports saw a 1.4 percent decline to $6.67 billion, down from $6.85 billion in the same period of 2024, due to the rise in prices of some imported goods.

Sector highlights

While some goods, including fresh fruits, fertilizers, potatoes, and iron products, saw declines, the surge in manufactured and petroleum goods bolstered the overall export figures.

Reduced purchases of wheat, raw iron and steel materials, pharmaceuticals, and primary plastics contributed to the import decline. Conversely, imports of petroleum products, natural gas, corn, and soybeans rose sharply. 

Adding to the economic momentum, remittances from Egyptians working abroad surged to a record $32.6 billion in the 12 months through February, marking a 72.4 percent increase from the previous year.

The North African country’s net foreign assets also rose by $1.48 billion in February, reaching $10.18 billion, supported by increased foreign investment in treasury bills. 

In a meeting with the National Press Authority in January, Rania Al-Mashat, the minister of planning and economic development, said that the economy is projected to grow by 4 percent this fiscal year, bolstered by structural reforms and a record $46.1 billion in foreign direct investment in 2023/2024.

The government is pursuing $4.2 billion in macroeconomic support from global partners, with negotiations underway for an additional $4.10 billion in EU budget aid.


Qatar issues 28k commercial registrations in 2025, up 57%

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Qatar issues 28k commercial registrations in 2025, up 57%

JEDDAH: Qatar reported the issuance of nearly 28,000 commercial registrations in 2025, marking a 57 percent annual increase, according to official data.

The announcement came during the Ministry of Commerce and Industry’s fourth quarterly performance review for 2025, according to Qatar News Agency, or QNA.

The meeting was chaired by Sheikh Faisal bin Thani bin Faisal Al-Thani, minister of commerce and industry, and attended by Minister for Foreign Trade Ahmed bin Mohammed Al-Sayed, Undersecretary of the MoCI Mohammed bin Hassan Al-Malki, as well as assistant undersecretaries and department directors.

The growth in commercial registrations aligns with Qatar National Vision 2030, the country’s long-term development framework aimed at transforming the economy into a diversified, competitive, knowledge-based system that reduces dependence on hydrocarbons and expands private sector participation.

The trade sector has exhibited notable progress. The ministry issued 28,000 commercial registrations in 2025, alongside 34,500 business licenses, up 53 percent from 2024.

Additionally, 16 auditors were registered, and eight accounting firms and offices were licensed during the year.

The ministry’s Single-Window business service portal continued to expand its services, introducing 26 new initiatives in 2025. A total of 239,593 transactions were processed through the platform, 93 percent of which were completed electronically, reflecting the efficiency of digital transformation efforts, QNA reported.

“Customer satisfaction with electronic services reached 95 percent in the fourth quarter,” the agency added.

In attracting foreign investment, 12,449 non-Qatari companies were established in 2025, representing a 600 percent increase compared to 2024, highlighting the attractiveness of Qatar’s investment environment and investor confidence.

Intellectual property protection also improved. In 2025, 255 patents were granted, a 6 percent increase from the previous year, while trademark registrations reached 9,218, up 23 percent, and 258 copyright registrations were granted, an 89 percent increase on 2024.

In the industry and business development sector, manufacturing contributed approximately 14.2 billion Qatari riyals ($3.9 billion) to gross domestic product in the third quarter of 2025. The sector expanded with 39 new factories registered during the year, and the readiness of 100 factories was assessed under the Smart Industry Readiness Index.

Investments in new factories in the fourth quarter totaled 758 million riyals, while cumulative industrial sector investment reached 270 billion riyals.

To improve the business environment and support the private sector, QNA added that 10 public-private partnership projects were reviewed in 2025.

Licensing procedures for industrial permits, preliminary approvals, and customs exemptions for factory inputs were reduced to one working day in the fourth quarter.

In the consumer sector, efficiency improved with 18,400 special permits issued for discounts and promotions, a 26 percent increase from 2024, and processing times were reduced to less than one working day.

The average time to process price increase requests decreased from two days to one day in the fourth quarter, with an annual average of 25 days in 2025, a 63 percent reduction from 2024.

Additionally, 229,000 inspections were conducted during the year, with violations recorded in 19 percent of establishments, mostly due to absence from registered locations.

Consumer complaints totaled 23,400 and were fully resolved. Support programs benefited 450,000 recipients under food supply programs and 8,535 recipients under fodder support during the fourth quarter.

Concluding the meeting, the minister emphasized the importance of maintaining an integrated institutional approach focused on enhancing efficiency, accelerating digital transformation, and improving service quality to boost national economic competitiveness and achieve the objectives of Qatar National Vision 2030.