Value of Egyptian non-oil exports drop by 18.3% on YoY basis

CAIRO – 23 August 2022: The Central Agency for Public Mobilization and Statistics (CAPMAS) released a statement Tuesday detailing the exports, whose value declined in May 2022, in spite of the increase in the total value of exports on year-on-year basis with 18.3 percent to hit $4.01 billion up from $3.39 billion.

Fresh fruit exports declined the most by 23.5 percent to become $123.1 million in May 2022 down from $160.9 million in May 2021. The category that comes next is pasta and canned food, as their value dropped by 13.7 percent to be $70.9 million instead of $82.2 million.

The exports of pharmaceuticals plummeted by 10.3 percent to record $22.5 million compared to 25.1 million. Similarly, textile exports fell by 8.2 percent to be $17 million in comparison to $18.6 million.  

As for plastics, their exports decreased by 3.9 percent to be $17.6 million instead of $18.3 million. Aldo, those of flat-rolled products of iron and steel went down by one percent to become $60.2 million down from $60.8 million.

Regarding exports whose value spiked, those are of petroleum and liquefied gas (44.1 percent), and of brute oil (30.7 percent). The value of the former hit $726.4 million up from $504 million. As for that of the latter, it scored $389 million up from 297.7 million.