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Egyptian exports inched up by 0.15% during 2014 - Daily News Egypt

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Egyptian exports inched up by 0.15% during 2014

Exports declined in December to $1.84bn, compared to $1.915bn the previous month


The government set a target of $25bn and succeeded in exporting products valued at EGP 22.1bn. (AFP File Photo)
The government set a target of $25bn and succeeded in exporting products valued at EGP 22.1bn.
(AFP File Photo)

The total exports for 2014 registered $22.11bn, representing a 0.15% increase to the corresponding period the preceding year.  The government set a target of $25bn and succeeded in accomplishing 88.4% of its goal.

The government has surpassed its set targets for medical industry products, agricultural products and readymade garments.

The Foreign Trade Monthly Digest report highlighted that total exports of Egypt during December 2014 reached EGP 13.182bn, around $1.844bn. Exports in December declined by 3.75% compared to the previous month.

In October, exports registered $1.309bn, falling by 12.52% compared to the $1.47bn total recorded in September.

In 2013, exports totalled $21.5bn according to the ministry’s report. Top exports during the current year were raw materials and finished products namely batteries, plastics and fertilisers.

The report highlighted that Saudi Arabia was the largest importer in December, followed by Turkey, the United States and Italy.

During 2014, Egyptian imports from the United Kingdom grew by approximately 15% while exports climbed up by 30%.

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https://dailyfeed.dailynewsegypt.com/2015/01/10/egyptian-exports-inched-0-15-2014/
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