Mineral Oils Exports Hit Record High in 2021

Mineral Oils Exports Hit Record High in 2021

Fuel and mineral oils came on top of the list of Egyptian exports in the first nine months of 2021 with $8.3 billion compared to $4.2 billion in the same period last year, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

The petroleum sector is one of the mainstays of economic growth. It contributed 24% of the country’s Gross Domestic Product (GDP) in the fiscal year 2019/2020. Furthermore, the Ministry of Petroleum and Mineral Resources works towards magnifying the sector’s contribution to GDP in order to turn Egypt into an energy trading hub.


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