Central Agency for Public Mobilization
The surge in foreign exchange inflows was largely fueled by an increase in foreign direct investment (FDI), which totaled $32.9 billion during the fiscal year.
The report highlighted that the monthly inflation rate for January rose to 1.6 percent, compared to 0.0 percent in December 2024.
On a yearly basis, core inflation eased slightly to 23.2 percent in December 2024, from 23.7 percent in the previous month.
The value of exports surged by 21.3 percent, reaching $4.07 billion compared to $3.35 billion in October 2023.
CAPMAS reported that Egyptian exports to Jordan climbed to $617 million in the first 10 months of 2024, up from $553 million in 2023.
Exports grew by 10.2 percent, reaching $3.46 billion in September 2024, compared to $3.14 billion a year earlier.
A key contributor to this trend was a 7.2 percent drop in export values, which totaled $3.45 billion, down from $3.72 billion in the same period last year.
Egypt’s exports to Saudi Arabia reached $2.4 billion in the first nine months of 2024, up from $1.9 billion in the same period of 2023, showing a growth of 26.3%.
On the import side, Egypt's purchases from Estonia rose to $23 million in the first nine months of 2024, up from $18.9 million in 2023.
These figures underscore the dynamic transformation in Suez Canal revenues throughout this period.
