MOSCOW, September 23. /TASS/. Russian exports to Egypt grew by 15.6% year-on-year in the first seven months of 2026, reaching $5.9 billion, Roman Chekushov, State Secretary and Deputy Minister of Industry and Trade, announced.
The Russian deputy minister held a meeting with Egypt's Minister of Investment and Foreign Trade, Mohamed Farid, to discuss streamlining mutual trade procedures, including the use of electronic document management in cross-border operations and the development of new logistics routes.
"In January-July 2026, exports from Russia to Egypt totaled $5.9 billion, marking a 15.6% increase compared to the same period last year. I am confident that concluding a free trade agreement will lead to a further intensification of not only Russian exports but also Egyptian imports," the ministry quoted Chekushov as saying following his working visit to Egypt.
The deputy minister also held talks with Egyptian Minister of Industry Khaled Hashem to discuss further opportunities for localizing Russian companies in Egypt.
"We see that Russian industrial technologies are in demand abroad, particularly in Egypt. Moreover, the range of sectors is very broad: mechanical engineering, helicopter manufacturing, the automotive industry, medical equipment, packaging, industrial robots, and many others. This demonstrates their high competitiveness," Chekushov emphasized.
The deputy minister also visited the site of the Russian Industrial Zone, where he met with Moustafa Shaikhon, Chairman of the Suez Canal Economic Zone Authority, to introduce the first potential residents of the zone.
"Priority product categories [for manufacturing within the industrial zone - TASS note] include construction and finishing materials, thermal insulation, powder coatings, a wide range of electrical equipment - such as transformers and switchgear - as well as HVAC systems, machine tools, medical and pharmaceutical products, and agricultural machinery," Chekushov noted.