Egypt exports its gold and precious stones. Which countries have the largest share?

Last October, Egypt’s jewelry and gemstone exports reached their highest level in 8 months, according to an analysis of data from the Building Materials and Metals Export Council’s monthly report.

The report shows that the value of Egyptian jewelry and gemstone exports rose to $200 million in October from $105 million last September, or 90.5%.

The exports mentioned in this chapter include what Egypt exports in the form of gold bars and raw gold from the Sukari mine, according to a source at the Building Materials Export Board.

The monthly report showed that the value of exports of jewelry and gemstones rose in the first 10 months of 2022 to $1.3 billion compared to $901 million in the same period of the previous year, an increase of 47%.

The top ten countries importing jewelry and gems from Egypt are:

– Egyptian exports to Canada: $666 million.

– Egyptian exports to the UAE: $656 million.

– Egyptian exports to Turkey: $3 million.

– Egyptian exports to Germany: 415 thousand dollars.

– Egyptian exports to Italy: 256 thousand dollars.

– Egyptian exports to America: 141 thousand dollars.

– Egyptian exports to Bahrain: 83 thousand dollars.

– Egyptian exports to Kenya: $55,000.

– Egyptian exports to Tanzania: $50,000.

– Egyptian exports to Jordan: 34 thousand dollars.

The report indicates that exports of the building materials and metallurgy sector increased in the first 10 months of 2022 compared to the same period last year by 8%.

According to the council’s monthly report, the sector’s exports increased by $5.751 billion in the first 10 months of 2022, compared to $5.326 billion in the same period in 2021.

Source: Masravi