Egyptian trade with G7 countries shrunk by 17% last year: CAPMAS

Thu, 13 Jun 2024 - 02:55 GMT

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

Trade exchange between Egypt, Arab states hit $26B in 2023

Wed, 12 Jun 2024 - 02:03 GMT

Exports and imports recorded $13.6 billion and $12.4 billion, respectively.

Egypt targets 17% decline of importing wheat during 2024: Supply Minister

Wed, 05 Jun 2024 - 11:09 GMT

In an effort to strengthen its position in the global grain market, the Egyptian Holding Company for Silos and Storage (EHCSS) has initiated discussions with the Russian government regarding the establishment of a grain center in Egypt's East Al-Tafria area in Port Said, Al-Moselhi added.

Remittances of Egyptians abroad increase by 43.8% in April 2024

Tue, 04 Jun 2024 - 01:27 GMT

Remittances from Egyptians abroad also increased by 2.6 percent compared to the immediately preceding month, March 2024, during which they recorded about $2.1 billion, as a result of the economic decisions on March 6, 2024.

Egypt's Finance Minister criticizes fuel subsidies for their high bill paid by state treasury

Mon, 20 May 2024 - 01:41 GMT

Minister of Finance Mohamed Mait considered subsidizing fuel a "crime."

Egypt’s foreign trade reported at $24.59B during Q1 FY2023/2024, CBE

Mon, 29 Apr 2024 - 01:38 GMT

During the first quarter of FY2023/2024 (July – September 2023), Egypt’s foreign trade volume hit $24.595 billion, dropping by around 18 percent compared to the first quarter of FY2022/2023

Egypt targets economic growth of 7-8% by 2027: Planning Minister

Sun, 21 Apr 2024 - 10:22 GMT

She noted that in spite of the anticipated economic growth deceleration in 2024 due to Middle East conflicts, the rate is projected to surpass regional average.

Egypt’s trade balance deficit records $2.08B in January 2024: CAPMAS

Thu, 04 Apr 2024 - 12:07 GMT

The data from CAPMAS revealed that the value of exports experienced a decline of 15.6 percent during January 2024, amounting to $3.46 billion, compared to $4.10 billion in January 2023.

Volume of Egypt's non-oil trade deficit hits $9.3B in Q4 of 2023

Wed, 27 Mar 2024 - 01:15 GMT

IDSC's data revealed that China emerged as Egypt's most significant trading partner, with a trade exchange volume of $3.4 billion during Q4 of 2023.

Total value of Egypt imports decrease by 13.5% in 2023

Thu, 14 Mar 2024 - 01:56 GMT

Italy and India were noteworthy as well, as Egypt imported goods worth $3.2 billion each from these countries. Additionally, Brazil's imports amounted to $3 billion, while Turkey and Kuwait had imports valued at $2.8 billion and $2.7 billion, respectively.

Egypt’s trade balance deficit hits $3.03B in December 2023: CAPMAS

Mon, 11 Mar 2024 - 02:11 GMT

During December 2023, the value of Egypt's exports declined by 23.0 percent, to record $3.48 billion, in contrast to $4.52 billion in the same month of 2022.

Egyptian MP demands ban of Ramadan imports in 2024 due to foreign currency shortage

Sun, 14 Jan 2024 - 04:42 GMT

The bill of such goods amounted to $30 million in 2023.

Egypt's Cabinet reveals top African importing markets in Q1 of 2023

Sun, 07 Jan 2024 - 01:21 GMT

The total size of trade exchange between Egypt and other African countries recorded during that period $2.117 billion.

Egyptian exports of processed food grow by 15% in Jan.-Nov. 2023

Thu, 28 Dec 2023 - 02:50 GMT

The Egyptian exports of processed food recorded $4.7 billion in January-November 2023 achieving growth of 15 percent ($628 million).

Egypt's exports decline 22% in 1st 9 months of 2023

Sun, 24 Dec 2023 - 01:03 GMT

CAPMAS added that the country’s imports decreased by 21 percent on a yearly basis, totaling $58.5 billion, compared to $74 billion for the same period in 2022.

Non-oil and petroleum industries drive increases in both exports and imports of 2022, CAPMAS

Tue, 12 Dec 2023 - 05:53 GMT

The largest leap was a staggering 152.7 percent in natural gas (NatGas) and liquefied natural gas (LNG) exports, soaring to $9.90 billion during January-December 2022, compared to $3.90 billion in 2021

Around $63B worth of goods released from ports in Egypt since Jan 2023, customs authority

Mon, 27 Nov 2023 - 12:02 GMT

Egyptian authorities have placed an emphasis on accelerating the release of goods, particularly basic commodities, as part of efforts to curb inflation and rising prices

August figures show trade deficit down by 22.3 percent to record $3.8B, CAPMAS

Tue, 31 Oct 2023 - 05:23 GMT

Exports from Egypt declined by 1.9 percent to reach $3.36 billion during August 2023, compared to $3.43 billion reported in August of last year

Egypt's trade deficit dips to $2.93B in July: CAPMAS

Mon, 09 Oct 2023 - 04:30 GMT

Egypt’s exports declined by 10.9 percent, recording $3.10 billion in July, compared to $3.47 billion in the same month of the previous year, according to the monthly report on external trade data.

Egypt expects 30% increase in imports of Israeli gas for export

Sun, 08 Oct 2023 - 01:14 GMT

He added that Egypt's current gas production rate is approximately 6 billion cubic feet per day, and the stability of these rates by the end of the current fiscal year is subject to companies' commitment to implementing field development and growth operations to achieve production targets.