According to CAPMAS, the total value of exports to COMESA countries reached $3,544 million during 2022,
CAPMAS further disclosed that the labor force in Egypt grew during the third quarter, with a total of 31.956 million individuals actively participating in the workforce.
Driven by declining food and beverage price inflation, Egypt’s urban consumer price inflation also dropped to 35.8 percent last month from 38 percent in September
Exports from Egypt declined by 1.9 percent to reach $3.36 billion during August 2023, compared to $3.43 billion reported in August of last year
The Egyptian government remains committed to developing its production and export sector to boost annual exports to $100 billion within five years, and have placed an emphasis on stimulating investment across all sectors
Egypt’s annual inflation rate declined to 38 percent in September, from August’s recorded 39.7 percent, CAPMAS revealed
Egypt’s exports declined by 10.9 percent, recording $3.10 billion in July, compared to $3.47 billion in the same month of the previous year, according to the monthly report on external trade data.
The Suez Canal achieves record-breaking revenues of $9.4 billion for the fiscal year 2022-2023.
Egypt’s exports to China saw a growth of 25.1 percent, reaching $1.8 billion in 2022 compared to $1.5 billion in 2021.
The index of manufacturing and extraction industries (excluding crude oil and petroleum products) reached 103.16 points in July 2023, compared to 101.76 points in June 2023, with an increase of 1.38 percent.
CAPMAS also reported that Egypt’s trade balance deficit fell by 20.8 percent from January-June 2023 to record $17.84 billion, compared to $22.52 billion during the same period in 2022
Advisor to the Head of the Central Agency for Public Mobilization and Statistics, Hussein Abdel Aziz, Said Tuesday that the birth rates in Egypt during the past three years amounted to about 2.2 million births annually, ‘which shapes nearly the population of a small country.’
Egyptian exports to Kenya dropped by 6.9 percent, with export value slipping to $355.7 million, down from 2021’s $382 million
Egypt’s production index of manufacturing and extractive industries for June (excluding crude oil and petroleum products) reached 103.21 in June 2023, dropping by 1.43 percent compared to 104.71 in May 2023
Egypt also comes in first place in terms of the percentage of imports from e-commerce as the total merchandise trade increased from 3.5 percent to 4.8 percent between 2011 and 2021.
The CAPMAS noted that exports decreased by 20.9 percent during May, recording $3.38 billion, compared to $4.28 billion for the same month in 2022.
These figures underscore the dynamic transformation in Suez Canal revenues throughout this period.
A steep decline in exports of natural and liquefied gas was a main contributor, plummeting by 75.6 percent
The statistics agency also reported a jump of 8.11 percent in the production of transport equipment to 128.60 in April 2023 from 118.95 in March during the same year
This is an increase from 30.6 percent which was recorded last month.