Egypt reached a historic milestone by exporting $3.2 billion worth of gold and gold jewelry during the first quarter of 2025, according to Ehab Wassef, president of the Gold and Precious Metals Division of the Chamber of Metallurgical Industries.
The unprecedented level of Egyptian gold exports, reaching $3.2 billion in three months, illustrates the strategic potential of the gold sector as a pillar of Egyptian exports.
Never before has the sector recorded such a high volume in a single quarter. Sales totaled $929.5 million in January, jumped to $1.804 billion in February, and continued at a steady pace in March.
Main destinations include the United Arab Emirates, Saudi Arabia, and Turkey, as well as major markets in Europe and North America, notably the United States.
Ehab Wassef expressed his ambition for gold exports to eventually represent at least 5 percent of the country’s total goods exports.
He also expressed confidence in Egypt’s ability to join the world’s top 10 gold exporters by 2027. In this regard, he noted that Egypt rose from 94th to 54th in the world ranking of gold jewelry exporters
between 2022 and 2023.
Finally, he praised the support of the authorities, stating that government support played a key role in achieving these exceptional results.
SL/te/Sf/fss/as/APA