Central Agency for Public Mobilization and Statistics
Exports grew by 6.3 percent, rising to $3.56 billion in November 2024, up from $3.35 billion in the same month of the previous year.
Key products saw notable declines in their export values. Crude oil exports reached $2.1 billion, marking a 10.2% decrease from $2.4 billion in 2022.
This rise in petroleum product exports coincides with a decline in crude oil exports over the same period.
Conversely, imports from Ireland to Egypt declined slightly, amounting to $327 million in 2024, down from $346 million in 2023.
The overall consumer price index (CPI) for November was recorded at 239.8 points, marking a slight monthly decline of 0.1% compared to October.
Egypt's trade with Denmark surged to $292 million during the first ten months of 2024, reflecting a substantial increase from $240 million during the same period in 2023
Key exports included stones and cement worth $8.1 million, essential oils and cosmetic products valued at $2.3 million, tanning and dye extracts at $1.2 million, and cereal preparations like pasta and crackers at $1.0 million.
Imports from Jordan also experienced a notable increase, reaching $182 million in the first nine months of 2024
Foreign investments from G20 nations in Egypt rose to $12 billion in the 2022/2023 fiscal year, up from $8.7 billion in 2021/2022
Egypt's inflation rate experienced a slowdown in October 2024. The consumer price index (CPI) reached 240 points, representing a 1.5% increase compared to September’s 2.3% rise
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.
