Exports of raw materials jumped 73.2% to $5.23b in 2022, CAPMAS

Egypt exported raw materials worth $5.23 billion in 2022, an annual increase of 73.2 percent compared to 2021, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).

In its latest report, CAPMAS revealed that refined oil was Egypt’s most exported raw material in 2022, with exports valued at around $1.04 billion, followed by fresh oranges valued at $495.6 million, and potatoes valued at $372.5 million.

The country’s imports of raw materials increased by 6.2 percent to hit $12.5 billion last year, the statistics agency explained.

Wheat was Egypt’s most imported raw material last year with a value of $4 billion, according to CAPMAS. Soybeans were the second most imported commodity valued at $2.7 billion, and iron ores and concentrates imports were valued at $1.5 billion.