Egypt’s imports decline to $66 billion in 2017

CAIRO – 8 March 2018: Egypt’s petroleum and non-petroleum imports declined by $2.1 billion in 2017, recording $66.02 billion, compared to $68.14 billion in 2016, the Central Agency for Public Mobilization and Statistics (CAPMAS) said Thursday.

Egypt’s imports of petroleum products increased in 2017 to exceed $5.22 billion, compared to $4.2 billion in 2016, the CAPMAS bulletin showed.

The bulletin crude oil imports recorded $1.7 billion in 2017, compared to $1.06 billion the prior year.

The bulletin added that imports of other petroleum products reached $3.49 billion, compared to $3.15 billion in 2016.

Non-petroleum imports decreased to $60.8 billion in 2017, from $63.9 billion in 2016, according to CAPMAS bulletin.

In the first 10 months of 2017, Egypt’s imports dropped $4.1 billion year-on-year to stand at $53.88 billion, compared to $58.04 billion in the same period of 2016.

While imports increased 17.6 percent to $5.77 billion in December 2017, compared to $4.91 billion in December 2016.

In November 2017, imports amounted to $5.09 billion.