In a glittering start to 2025, Egypt’s gold and jewelry exports have soared to an unprecedented $3.2 billion in the first quarter the highest in the nation’s history. This golden performance signals Egypt’s rapid rise as a global player in the precious metals trade.

Driving the momentum, January saw exports hit $929.5 million, before catapulting to $1.8 billion in February. The streak continued into March, bolstered by high international demand. Key buyers included the United Arab Emirates, Saudi Arabia, Turkey, as well as several European countries 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,” said Ehab Wassef, head of the Gold and Precious Metals Division at the Chamber of Metallurgical Industries. 

Backed by strategic government support and industry reforms, Egypt has climbed the global export rankings from 94th in 2022 to 54th in 2023. Officials are setting their sights even higher targeting a top-10 spot by 2027.

As global demand for gold jewellery continues to rise, Egypt appears ready to shine brighter than ever on the world stage.