Imports
The Central Agency for Public Mobilization and Statistics (CAPMAS) monitored a noticeable decline in the volume of Egyptian imports from the COMESA group recently.
Gaber pointed to the ministry's keenness to provide the necessary facilities for Saudi companies, whether investing or exporting to the Egyptian market.
He noted that there is a branch of the Persil company that is manufactured in Egypt, and the Egyptian market will not be affected by not importing these products from abroad.
The most prominent companies whose products were banned from entering Egypt as a result of being removed from the registry of the Egyptian Export and Import Control Authority are the Saudi Almarai Company, Mobaco for Industry and Trade, the South Korean LG, Dania Foods Ltd., the Jordanian Furniture Manufacturing Company, and the Middle East Pharmaceutical Industries.
Exports increased 34.5 percent, recording $3.99 billion in January 2022, compared to $2.97 billion during the same month of 2021.
It added that China's imports from Egypt reached $1.7 billion dollars, with a jump of 84.8 percent year on year.
Egypt has so far secured a total of 150 million doses of eight different coronavirus vaccines since the start of the pandemic, Spokesman for the Ministry of Health Hossam Abdel Ghaffar said.
Exports increased 45.3 percent, recording $4.32 billion in December 2021, compared to $2.97 billion during the same month of 2020.
Egypt's exports to Kuwait, recording $274 million during the first 11 months of 2021, compared to $229.4 million during the same period in 2020, marking an increase of 19.5 percent.
Data from CAPMAS showed an increase in the value of Egyptian exports by 75.5 percent, recording $411.6 million during the first 11 months of 2021, compared to $234.5 million during the same period in 2020.
In its monthly bulletin on foreign trade data, CAPMAS elaborated that exports increased 80.6 percent, recording $4.48 billion in November 2021, compared to $2.48 billion during the same month of 2020.
CAPMAS noted thatEgypt’s exports to Djibouti rose 37.5 percent to $82.3 million during the first 10 months of 2021, compared to $59.8 million during the same period in 2020.
In the period between January and October 2021, Egyptians drank tea for $190.53 million, the CAPMAS added in a report, of which Al-Watan newspaper has a copy.
Last December, the government announced that it would impose customs tariffs on imports of solar panels up to 5%, after these panels were completely exempted from customs duty over the past years.
Although the free trade part entails removing tariffs, that is not all.
In its monthly bulletin on foreign trade data, CAPMAS attributed the decrease of the trade deficit to the increase of the exports by 36.6 percent.
Speaking during the Egyptian-Bahrain Business Forum organized by the Egyptian Businessmen Association (EBA), the Bahraini ambassador said his country's exports to Egypt increased to $224 million.
Egypt’s imports from the COMESA countries amounted to $901 million during the first 9 months of 2021, compared to $721 million during the same period in 2020, with an increase of 25 percent.
Egypt's exports to the Nile Basin countries recorded $1.11 billion during the period from January to the end of September 2021, compared to $835 million over the same period last year, with an increase of 33.7 percent.
The minister said that these two decisions came as a result of the significant rise in the global economy from high inflation rates and energy prices, as well as the rise in the prices of materials and production requirements, which negatively affects the Egyptian productive and export sectors.
