Imports
According to CAPMAS, around 58 percent of Egyptian shipments to the US were comprised of ready-made clothes
Egyptian exports to France grew by 136 percent.
Egyptian imports of durable consumer goods declined by $441.7 million from 2022.
The Cabinet approved on Wednesday a draft decision to exempt semi-wrought gold carried by Egyptians coming from abroad from custom duties and other applicable fees, except Value Added Tax (VAT), for six months.
The value of the trade balance deficit decreased during February 2023 by 48.2%, to reach $2.1 billion, compared to $4.06 billion compared to February 2022.
The decline in the trade balance deficit during January 2023 is due to a decrease in the value of imports by 28.2 percent, reaching $6.33 billion, compared to $8.83 billion for the same month of the previous year.
The Central Agency for Public Mobilization and Statistics (CAPMAS) released a report Monday showcasing the size of trade exchange between Egypt and Saudi Arabia in 2022.
The CBE noted that Egypt’s imports hit about $19.067 billion during the first quarter of 2022/2023, while exports recorded about $9.965 billion.
The decline in the trade balance deficit during December 2022 is due to a decrease in the value of imports by 28 percent, reaching $6.11 billion, compared to $8.49 billion for the same month of the previous year.
This law proposal comes following a brutal attack by a Pitbull dog on a neighboring resident.
He added that the plan also includes approving the development of oil factories, which are being offered, noting that Egypt's reserves of oils are sufficient for 4.9 months.
Egypt’s imports dipped during November 2022 by 26.8 percent, to reach $5.94 billion, down from $8.11 billion during November 2021.
The government is looking to expand the production of crude oil locally by increasing the cultivation of oil crops, by providing the required seeds, as well as encouraging contract farming with the aim of providing products to citizens.
The total value of trade between the two countries grew by 90.8 percent.
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.
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.
The Central Agency for Public Mobilization and Statistics (CAPMAS) released a report Tuesday on trade exchange between Egypt and India.
The Cabinet issued Monday a report on the furniture industry.
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.
The CBE said in a statement that it decided to restore the documentary collections system for imported goods.
