CAPMAS
In contrast, June witnessed a decrease in wheat imports to $261 million, a 21.5 percent drop from June 2023's $332 million.
Overall imports dropped by 3.3 percent in June 2024 to $6.0 billion, down from $6.21 billion in the same month the previous year.
The annual inflation rate stood at 25.6 percent in August 2024, a decrease from 39.7 percent recorded in the same month the prior year.
CAPMAS reported that exports totaled $3.13 billion in June 2024, down by 1.6 percent from $3.18 billion in June 2023.
On the other hand, the number of Egyptian expats ranges between 9.5 million and 13 million.
In the initial five months of 2024, Egypt's imports from Iraq tallied at $4.1 million, showing a climb from $2.3 million recorded in the corresponding period of 2023, depicting a $1.7 million surge.
The beverage industry also experienced an upturn, with its index climbing from 583.43 in May to 654.08 in June, indicating a 12.11 percent increase.
Egyptian exports to Somalia notably rose to $57 million, marking an 83 percent increase compared to the previous year.
The Consumer Price Index (CPI) for the total urban areas of Egypt stood at 226.7 points in July, indicating a 0.5 percent inflation compared to a higher 1.8 percent in June 2024.
Similarly, imports of magnetic tapes and disks fell from $16.1 million in May 2023 to $163 thousand in May 2024, showing a decline of $15,987 thousand.
CAPMAS reported a significant increase in Egypt’s car imports recently, hitting $169.7 million in April, a leap from $92.8 million in April 2023, showing growth of about $76.9 million.
Conversely, there were drops in exports of crude oil down by 4.3 percent, petroleum products decreased by 17.4 percent, and fertilizers dropped by 5.2 percent.
The decline was attributed to a slight increase in Egyptian exports which was up by 0.8 percent to reach $3.29 billion compared to $3.26 billion recorded in April 2023
Vegetables and fruits came at the top of the most important commodity groups that Egypt exported to Serbia during 2023, with exports worth $5.7 million, followed by fertilizers worth $18.5 million, then plastics and their products worth $2.6 million.
CAPMAS also revealed that the food product industry’s index reached 123.72, declining 19.04 percent from March’s 152.81, which the statistics agency attributed to a shortage in raw materials required
The value of Egypt’s exports to the G7 countries in 2023 was $8.6 billion, compared to $11.4 billion in 2022.
Trade between Egypt and G7 countries dipped in 2023, dropping by 17% to around $26 billion, reported the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday
CAPMAS data revealed that May inflation was primarily fueled by a 28.90 percent year-on-year (YoY) increase in the food and beverage sector, driven by a 26.60 percent YoY uptick in meat and poultry prices
Among the key commodities exported by Egypt to Azerbaijan were fertilizers valued at $6.2 million, electrical machines worth $5.2 million, clothes worth $2.1 million, iron and its products worth $726 thousand, and vegetables worth $695 thousand.
The volume of trade exchange between Egypt and China reached $13.9 billion in 2023, compared to $16.6 billion in 2022, according to Central Agency for Public Mobilization and Statistics (CAPMAS).
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