Egypt’s gold, jewelry and gemstones exports decline by 66%

Egyptian export of gold, jewelry and gemstones decline by 66% to US$750 million during the first eight months of 2021 as compared to US$2.212 billion during the same period in 2020.

According to the monthly statistics issued by the Egyptian authorities, the export of gold, jewelry and precious stones decreased during June amounting to US$58 million, compared to US$172 million during the same month in 2020.

Egypt exported gold, jewelry and precious stones to about 32 countries during the first eight months of this year. Ten new export destinations were added to the list as compared to the previous year.