Imports
IDSC's data revealed that China emerged as Egypt's most significant trading partner, with a trade exchange volume of $3.4 billion during Q4 of 2023.
Italy and India were noteworthy as well, as Egypt imported goods worth $3.2 billion each from these countries. Additionally, Brazil's imports amounted to $3 billion, while Turkey and Kuwait had imports valued at $2.8 billion and $2.7 billion, respectively.
During December 2023, the value of Egypt's exports declined by 23.0 percent, to record $3.48 billion, in contrast to $4.52 billion in the same month of 2022.
The bill of such goods amounted to $30 million in 2023.
The total size of trade exchange between Egypt and other African countries recorded during that period $2.117 billion.
The Egyptian exports of processed food recorded $4.7 billion in January-November 2023 achieving growth of 15 percent ($628 million).
CAPMAS added that the country’s imports decreased by 21 percent on a yearly basis, totaling $58.5 billion, compared to $74 billion for the same period in 2022.
The largest leap was a staggering 152.7 percent in natural gas (NatGas) and liquefied natural gas (LNG) exports, soaring to $9.90 billion during January-December 2022, compared to $3.90 billion in 2021
Egyptian authorities have placed an emphasis on accelerating the release of goods, particularly basic commodities, as part of efforts to curb inflation and rising prices
Exports from Egypt declined by 1.9 percent to reach $3.36 billion during August 2023, compared to $3.43 billion reported in August of last year
Egypt’s exports declined by 10.9 percent, recording $3.10 billion in July, compared to $3.47 billion in the same month of the previous year, according to the monthly report on external trade data.
He added that Egypt's current gas production rate is approximately 6 billion cubic feet per day, and the stability of these rates by the end of the current fiscal year is subject to companies' commitment to implementing field development and growth operations to achieve production targets.
Egypt’s exports to China saw a growth of 25.1 percent, reaching $1.8 billion in 2022 compared to $1.5 billion in 2021.
Egyptian exports to Palestine increased to $200 million during the first 5 months of 2023, compared to $177.9 million during the same period in 2022, marking a growth rate of 12.4 percent.
The CAPMAS noted that exports decreased by 20.9 percent during May, recording $3.38 billion, compared to $4.28 billion for the same month in 2022.
Egypt’s exports to Jordan rose 24 percent during 2022, reaching $726.5 million during 2022, compared to $711.1 million during 2021.
The trade volume between Egypt and African countries reached $8.6 billion in 2022, compared to $7.5 billion in 2021.
A steep decline in exports of natural and liquefied gas was a main contributor, plummeting by 75.6 percent
The release of goods prioritized essential commodities, food manufacturing ingredients, medicines, and production supplies, ensuring uninterrupted Egyptian production
The Central Agency for Public Mobilization and Statistics (CAPMAS) indicated the figures in a report Tuesday.
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