Imports drop by 21.4% in 2 months

CAIRO - 8 June 2019: Imports from 14 countries decreased by 21.4 percent in January and February compared to the same months last year to become $3.3 billion instead of $4.2 billion with a decline worth $907 million.

The Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that the 14 countries are Russia, Ukraine, Cyprus, Bulgaria, Czech Republic, Romania, Italy, Germany, Spain, Belgium, Kenya, Brazil, Argentina, and New Zealand.

Imports from Russia dropped by 36.9 percent to record $556.5 million against $882.4 million. The value of the decline is $325.8 million. Imports from Russia include wheat and food products.

Imports from Argentina dropped by 75.7 percent to record $50.4 million against $207.7 million. The value of the decline is $157.3 million. Imports from Argentina include cooking oils and corn.

Imports from Spain dropped by 22.4 percent to record $333.2 million against $429.6 million. The value of the decline is $96.3 percent. Imports from Spain include cattle.

Imports from Brazil dropped by 15.4 percent to record $414.7 million against $490.4 million. The value of the decline is $75.7 million. Imports from Brazil include frozen meats, cattle, and dairy products.

Imports from Bulgaria dropped by 66.6 percent to record $27.1 million against $81.2 million. The value of the decline is $54.1 million. Imports from Bulgaria include copper, minerals, and wheat.

Imports from Romania dropped by 42.5 percent to record 113.5 million against $395.7 million. The value of the decline is $48.3 million. Imports from Romania include wheat, corn, wood, tractors and spare parts, automotive spare parts, cranes, equipment, gear, chemicals, petrochemicals, and steam boilers.

Imports from Kenya dropped by 39.1 percent to record $40.7 million against $66.9 million. The value of the decline is $26.2 million. Imports from Kenya include dairy products, eggs, honey, fruits, nuts, coffee, tea, spices, tobacco, plastics, paper, vegetable textile fibers, and copper.

Imports from Czech Republic dropped by 28.9 percent to record $62.2 million against $87.6 million. The value of the decline is $25.4 million.

Imports from Italy dropped by 4.9 percent to record $475.7 million against $500.3 million. The value of the decline is $24.6 million. Imports from Italy include iron, white goods, electronics, and machinery.

Imports from Ukraine dropped by 5.5 percent to record $395.7 million against $419.2 million. The value of the decline is $23.4 million. Imports from Ukraine include grains, cooking oils, tobacco, and oil seeds.

Imports from New Zealand dropped by 28.4 percent to record $40.9 million against $57.3 million. The value of the decline is $16.3 million.

Imports from Cyprus dropped by 84.6 percent to record $2.6 million against $17.6 million. The value of the decline is $14.9 million. Imports from Cyprus include petroleum products, copper coils, cosmetics, and inputs of cattle feed production.

Imports from Germany dropped by 1.7 percent to record $688 million against $700.4 million. The value of the decline is $12.3 million. Imports from Germany include vehicles, railcars, bikes, machinery, spare parts, white goods, electronics, plastics, and pharmaceuticals.

Imports from Belgium dropped by 2.9 percent to record $168.3 million against $173.4 million. The value of the decline is $5 million. Imports from Belgium include medicine, baby formula, industrial equipment, and machinery.