Egypt's Exports of Precious Metals, Stones Record $1.3B

Egypt's exports of gold, ornaments and precious stones rose during this year by about 1% to reach $ 1.228 billion against $ 1.222 billion during the same period last year.

The monthly report issued by the Export Council for Building Materials (ECBM) showed that exports to 51 countries, including 16 new ones such as Romania, Greece, Belgium, Japan, Senegal, Taiwan, Armenia, Bulgaria, Georgia, Federation of Malaysia, Malaysia, Brazil, Algeria, Cyprus, Bangladesh, Moldova, and Niger, as well as Slovakia.

The report added that the United Arab Emirates was ranked first among the biggest importer of jewelry and precious stones with a value of $ 823 million compared to $ 1.017 billion, a decline of 19%, followed by Canada in second place with $ 377 million against $ 8 million, with a strong increase of 4871%.

Saudi Arabia came in third place with a value of $ 27 million compared to $ 20 million with an increase of 33%, while Lebanon ranked fourth with a value of one million dollars against $ 68 million, a decline of 98%,

Jordan ranked 5th at $ 174,000 against $ 34,000, up by 411%, followed by Italy With $139,000 against $133,000, an increase of 5%.

Germany was ranked ninth at $ 51,000 versus $ 69,000, while the United States ranked Tenth with $48,000 against $36,000, an increase of 36%.

The report pointed out that Egypt's exports of iron, steel, and cement declined during the first eight months of this year to record $ 596 million compared to $ 805 million during the same period last year, a decrease of 35%.