Non-oil and petroleum industries drive increases in both exports and imports of 2022, CAPMAS



Tue, 12 Dec 2023 - 05:53 GMT


Tue, 12 Dec 2023 - 05:53 GMT

Cairo - December 12, 2023: Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that Egyptian exports rose by 19.4 percent annually to record $52.10 billion in 2022, compared to $43.60 billion in 2021, on Monday.

The statistics agency attributed both increases to non-oil and petroleum items.

Non-oil exports saw a 9 percent year-on-year (YoY) growth, reaching $35.50 billion by the end of 2022, up from $32.60 billion. Similarly, petroleum exports saw a 50.10 percent YoY surge to hit $16.60 billion, compared to $11 billion in the previous year.

The largest leap was a staggering 152.7 percent in natural gas (NatGas) and liquefied natural gas (LNG) exports, soaring to $9.90 billion during January-December 2022, compared to $3.90 billion in 2021.

Other notable exports were ready-made clothing and gold exports climbing by 21.70 percent YoY and 46.80 percent YoY, reaching $2.50 billion and $1.60 billion, respectively.

Turkey led the list of countries importing from Egypt, importing goods worth $4 billion, followed closely by Spain and Italy with values of $3.90 billion and $3.40 billion, respectively.

Imports in 2022 amounted to $96.20 billion, reflecting a 7.80 percent uptick from the $89.20 billion recorded in 2021.

Both non-oil and petroleum imports grew in 2022, with increases of 4.40 percent and 35 percent, amounting to $82.70 billion and $13.50 billion, respectively.

China, Saudi Arabia, and the United States were Egypt’s top choices for imports, valued at $14.80 billion, $7.90 billion, and $6.90 billion, respectively.

In a previous report, CAPMAS revealed that Egypt's trade deficit experienced a 10.30 percent year-on-year increase during September 2023, reaching $3.14 billion, up from $2.84 billion.







Leave a Comment

Be Social