In a surprising turn, Egypt"s export of minerals surged significantly by 29. 8% from 2021 to 2022, reaching a remarkable $1. 14 billion, driven largely by the gemstones sector. This growth, against a backdrop of fluctuating global trade, highlights Egypt"s evolving role as a key player in the global gemstones market. The opportunity for businesses lies in tapping into this market"s expansion, especially as global demand for unique and rare gemstones such as emerald, lapis lazuli, and chrysocolla intensifies. Meanwhile, the import trade value for minerals also saw a rise, albeit at a slower pace, with a 1. 6% increase to $1. 96 billion in 2022.

This reflects a gap between export growth and import dependency, suggesting potential for domestic businesses to substitute imports with local production, thereby reducing costs and enhancing supply chain resilience. Moreover, the global comparison reveals that while Egypt"s trade balance in gemstones is on the ascent, the industry"s growth is not without challenges. The international market"s volatility and Egypt"s current account deficit, standing at -2. 21% of GDP, underscore the need for strategic trade partnerships and investment in value-added services to bolster competitiveness. Aritral. com, an AI-driven B2B platform, offers a comprehensive suite of services tailored to the needs of businesses in the gemstones sector. By facilitating product listing, direct communication with global buyers, and providing AI-powered marketing solutions, Aritral. com presents an invaluable resource for companies seeking to enhance their market reach and streamline operations in the international trade of commodities and raw materials. Utilizing these tools, businesses can navigate Egypt"s burgeoning gemstones market more effectively, ensuring sustainable growth and profitability.