Tracking the export journey of Egyptian products for 23 years, from 1995 to 2018, the CEIC, a pioneer entity in markets studies all over the world, highlighted that Egypt’s total exports dropped by 8.6% year-over-year (y-o-y) in August 2018, compared with an increase of 16.3% y-o-y in the previous month.
On the other hand, Egypt’s total exports growth data is updated on a monthly basis, available from July 1995 to August 2018, with an average rate of 10.1%.
According to the CEIC indicator which is based on official data, exports reached an all-time high of 146.6% in June 2008, and a record low of -60.7% in August 1995.
Meanwhile, Egypt’s total exports registered $2bn in August 2018; while total imports recorded $5.9bn in the same month of the year, which saw an increase of 8.2% y-o-y. In addition, Egypt’s trade balance recorded a deficit of $4.0bn at the same time.