Egypt's imports from US witnesses remarkable increase in 2022: CAPMAS

Tue, 31 Jan 2023 - 12:35 GMT

Egyptian imports from the United States of America witnessed a remarkable increase during the first 10 months of last year 2022, according to data from the Central Agency for Public Mobilization and Statistics.

Trade exchange between Egypt, US increase 12.2% in 10 months

Mon, 30 Jan 2023 - 05:52 GMT

The Egyptian exports to the US decreased 5.2 percent to reach $2 billion during the first 10 months of 2022, compared to $2.1 billion in the same period in 2021.

Trade exchange between Egypt, India hikes by 20.8% in 2022

Tue, 24 Jan 2023 - 10:45 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) released a report Tuesday on trade exchange between Egypt and India.

Egyptian Cabinet releases figures on furniture industry

Mon, 23 Jan 2023 - 11:24 GMT

The Cabinet issued Monday a report on the furniture industry.

Egypt's cash reserve covers 5.4 months of foreign imports

Tue, 17 Jan 2023 - 12:09 GMT

Egypt's cash reserves continued to rise for the fourth month in a row, to achieve an increase of more than $860 million during that period, reaching $34 billion at the end of December, compared to $33.53 billion at the end of November.

Egypt's central bank cancels letter of credit requirement for imports

Thu, 29 Dec 2022 - 05:20 GMT

The CBE said in a statement that it decided to restore the documentary collections system for imported goods.

Egypt succeeds in decreasing trade balance deficit

Tue, 20 Dec 2022 - 05:02 GMT

The trade balance deficit decreased to $33.5 billion in the first nine months of 2022 in comparison to $34.9 billion during the same period in 2021 with a 4 percent decrease.

Egypt's trade deficit decreases 41.3% during September

Mon, 05 Dec 2022 - 03:03 GMT

The decrease in the deficit to an increase in exports during the month by 11.6 percent on an annual basis, to record $4.11 billion, and a decrease in imports by 16.4 percent on an annual basis, to a record of $6.55 billion.

Egypt's food imports surge by $502.9M in Jan.-Aug. 2022

Tue, 29 Nov 2022 - 06:02 GMT

The Central Agency for Public Mobilization and Statistics (CAPMAS) indicated details in a report Tuesday.

Egyptian exports projected to grow by $6.4B in 2022

Mon, 28 Nov 2022 - 10:56 GMT

Egypt aims for doubling the value of its exports to become $100 billion per annum by rationalizing imports coupled with encouraging labor-intensive and strategic industries.

Start: Egypt initiative supporting local industry

Thu, 24 Nov 2022 - 11:05 GMT

The government has exerted great efforts to support the Egyptian industry through different steps as part of the "Start" initiative.

Egypt's imports of tea remarkably increase in 1st 8 months of 2022: CAPMAS

Thu, 24 Nov 2022 - 10:35 GMT

Egyptian imports of tea have achieved a remarkable increase during the recent period, as the data of the Central Agency for Public Mobilization and Statistics monitored an increase in total imports during the first 8 months of this year 2022, compared to the same period in 2021.

CAPMAS releases report on trade between Egypt, Nile Basin countries in 2021

Tue, 22 Nov 2022 - 01:45 GMT

The Central Agency for Public Mobilization and Statistics released a report Tuesday on trade between Egypt and fellow Nile Basin Countries in 2021.

Egypt's trade deficit increases 0.6% during August

Sun, 13 Nov 2022 - 02:44 GMT

Exports decreased 7.6 percent, recording $3.33 billion in August 2022, compared to $3.61 billion during the same month of 2021.

Egypt's planning ministry announces 4 programs to boost transformative industries

Fri, 04 Nov 2022 - 05:53 GMT

Transformative industries constitute 85 percent of Egypt's non-petroleum exports.

Egyptian business community leader warns of long-run negative impact of trade deficit on exchange rate

Sun, 30 Oct 2022 - 02:25 GMT

Head of the Export Council for Engineering Industries Sherif al-Sayad made the statements in a TV interview Saturday.

64 industrial projects launched within Egypt's 'Start' initiative

Sun, 30 Oct 2022 - 02:05 GMT

Member of "Start" initiative Aya Hossam El Din stated in a TV interview Saturday that the number of industrial projects launched within the initiative is 64.

Letter of credit system for importing to be canceled in less than 2 months

Tue, 25 Oct 2022 - 05:36 GMT

Madbouli was delivering a speech during the concluding session of Egypt's Economic Conference 2022 in the presence of President Abdel Fattah El Sisi, ministers, experts, and heads of parties.

Egypt's trade balance deficit falls by 28.7% in July yr-on-yr with export increase of 2.2%, import decrease of 14.8%

Tue, 11 Oct 2022 - 05:12 GMT

Egypt’s trade balance deficit fell by 28.7 percent in July year-on-year, recording $2.7 billion compared to $3.8 billion in the same month of 2021, according to an official Tuesday report.

Egypt's central bank issues new instructions to facilitate import process

Tue, 20 Sep 2022 - 03:06 GMT

The CBE also excluded the foreign component from opening a documentary credit in the case of electronic goods that are assembled in Egypt and consist of local parts next to the imported parts, and shipping documents are accepted in light of the fact that they are a production requirement.