Egypt hits $3.2 billion in gold exports in early 2025
Egypt has reported record gold and jewellery exports worth $3.2 billion in the first three months of 2025, marking the strongest quarterly performance in the country’s history.
Ehab Wassef, head of the Gold and Precious Metals Division at the Chamber of Metallurgical Industries, said the rise reflects Egypt’s growing role in the global gold trade.
According to him, exports reached $929.5 million in January, surged to $1.8 billion in February, and continued strongly through March.
The main buyers were the United Arab Emirates, Saudi Arabia, and Turkey, alongside markets in Europe and the United States.
“This growth reflects our ambition for gold exports to contribute at least 5% of Egypt’s total merchandise exports in the near future,” Wassef was quoted by Egypt Today.
Egypt has climbed quickly in global rankings, rising from 94th in 2022 to 54th in 2023 among gold jewellery exporters. Officials hope to reach the top 10 by 2027.
Wassef credited government support for the sector’s rapid progress and said the country remains focused on expanding its presence in international markets.
