Browsing: Egypt’s exports

Egypt recorded a $69.965 billion in foreign trade during the first nine months of the fiscal year (FY) 2019/20, according to the Central Bank of Egypt (CBE).

According to the bank’s report, during the period from July 2019 to March 2020, Egypt’s imports amounted to about $49.012 billion while the volume of its exports reached about $20.953 billion.

Egypt’s volume of trade exchange with its most important trading partners amounted to about $44.296 billion. Of this amount, about $31.575 billion came from imports while about $12.720 billion came from exports. A total of 14 countries account for 63.3 per cent of Egypt’s total volume of trade exchange.

According to the central bank, United Arab Emirates ranked as Egypt’s most important trading partner, accounting for a trade exchange volume of about $5.745 billion with imports valued at $3.157 billion and exports at $225.1 million.

China took second place with a trade …

Egypt’s Balance of Payment (BOP) declined by 8.6 per cent in June 2020 compared to the same month in 2019 according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

According to CAPMAS, Egypt saw a trade deficit of $3.30 billion the same period.

This was majorly caused by the fall of exports by 7.8 per cent to $2.26 billion down from $2.45 billion causing a decrease in the BOP to $3.3 billion instead of $3.61 billion. The downturn has been attributed to the decreased value of some commodities, including fresh fruits at 10.5 per cent, ready-to-wear clothing at 2.5 per cent, crude oil at 46.3 per cent and plastics in primary forms at 10.4 per cent.

At the same period, the value of other exports increased during June 2020, which include various pastries and food preparations increased by 28.0 per cent, dairy products by 29.3 per cent and …