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Pearls top list of Egypt exports to UAE in 2020

White and pink pearls [James St. John/Flickr]
White and pink pearls [James St. John/Flickr]

Egypt has exported large quantities of pearls and precious stones to the United Arab Emirates (UAE) since the beginning of 2020, the Egyptian government revealed in a statement according to RT News.

The statement noted that pearls topped the list of Egyptian exports to the UAE in 2020, resulting in over $203 million in pearl sales in January and over $192 million in February.

Official figures issued by the state-run Central Agency for Public Mobilisation and Statistics (CAPMAS) put the total for Egyptian exports of pearls and precious stones in five months at $974.342 million.

Egypt's pearl exports reached $149.627 million in March, $250.518 million in April and $178.17 million in May. The sale of pearls in May 2020 increased by $90 million since May of 2019.

READ: Egypt stock market continues to plunge amid political, economic uncertainty 

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