Foreign Trade
The minister led a comprehensive meeting to discuss the customs release process and the inspection of imported goods with representatives from various ministries and relevant authorities.
During the first quarter of FY2023/2024 (July – September 2023), Egypt’s foreign trade volume hit $24.595 billion, dropping by around 18 percent compared to the first quarter of FY2022/2023
The CBE noted that Egypt’s imports hit about $19.067 billion during the first quarter of 2022/2023, while exports recorded about $9.965 billion.
Egypt's foreign trade volume recorded $27 billion during the first quarter of 2019, according to the state's statistics agency CAPMAS.
Egypt’s trade balance was one of the beneficiaries from the flotation of the Egyptian pound late last year.
Egyptian exports to COMESA countries increased 290.6 percent in 2015.
Medicaments and pharmacy products’ imports fell 15.2 percent to $159 million in May 2017, compared to $187.6 million in the same month of 2016.
Fertilizer exports hiked 82.6 percent to reach $74.8 million in May 2017, up from $41 million in May 2016.
Exports to the five countries represented 40 present of Egypt’s total exports of $10.6 billion in the period between January and May 2017.
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