Central Agency for Public Mobilization and Statistics
Saudi Arabia led the BRICS countries importing from Egypt, with Egyptian exports amounting to $2.2 billion. The UAE followed with $1.8 billion, Brazil with $488 million, Russia with $438 million, India with $343 million, and China with $290 million.
Egypt’s exports saw a 10.7 percent rise, totaling $3.54 billion in July 2024, up from $3.20 billion in the same month last year.
Egypt's annual inflation rate was recorded at 26.0 percent in September 2024, a significant decrease from 40.3 percent in the same month of the previous year.
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.
Egypt’s private sector is increasingly contributing to the national economy, with its share of total investments rising to 37 percent in the previous fiscal year (FY2023/2024), thanks to governmental initiatives
Egyptian exports to Somalia notably rose to $57 million, marking an 83 percent increase compared to the previous year.
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.
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.
The value of Egypt’s exports to the G7 countries in 2023 was $8.6 billion, compared to $11.4 billion in 2022.
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 value of imported goods experienced a decrease of 16.2 percent, totaling $5.94 billion in March 2024, down from $7.09 billion in the same month of the previous year.
During Q1 of 2024, the labor force was estimated to consist of 31.397 million individuals, reflecting a 1.0% increase from the previous quarter's 31.101 million individuals.
The general consumer price index reached 223.6 points in April 2024. On a monthly basis, food and beverage prices decreased by 0.9 percent, while on an annual basis, they increased by 37.6 percent
Egypt's general consumer price index (CPI) reached 221.6 points in March 2024, with the monthly inflation rate standing at 1 percent during the same period, in contrast to 11 percent in February 2024
CAPMAS further reported that the monthly inflation rate for February 2024 soared to 11.0 percent, compared to 1.7 percent in January 2024
Breaking down the specifics, iron and steel exports surged by 65 percent to reach $2.3 billion in 2023, compared to $1.4 billion in 2022
