Egypt’s gold exports soar 194% in H1 2025 reaching $3.93B

Tue July 22 2025

Egypt's gold and jewelry exports surged by an unprecedented 194% during the first half of 2025, to reach $3.93 billion between January and June, compared to $1.34 billion in the same period last year, according to a statement by Ihab Wassef, Head of the Gold and Precious Metals Division at the Federation of Egyptian Industries.

According to the division’s report—based on data from Egypt’s General Organization for Export and Import Control (GOEIC)—the UAE was the top importer of Egyptian gold, jewelry, and precious stones, accounting for $3.2 billion of total exports during this period.

Switzerland followed with imports worth $705 million, then Canada ($6.3 million), Turkey ($5.3 million), Lebanon, Italy, and Saudi Arabia.

Wassef highlighted that the bulk of exports consisted of gold, jewelry, and other precious metals—including silver, which also witnessed notable export growth in H1 2025.

He noted that this performance aligns with the division's commitment to President Abdel Fattah El-Sisi to achieve the highest export figures in the sector’s history.

He also praised the support of the government, particularly the Ministries of Supply, Industry, and Investment, in addition to the Central Bank and the Assay and Weights Authority.

 Egypt is on track to join the list of the world’s top 10 gold-exporting countries by 2027, Wassef added.

Egypt’s global ranking in jewelry exports rose from 94th in 2022 to 54th by the end of 2023, with ambitions to break into the top 10 within just two years.

Source: https://www.businesstodayegypt.com/