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Egypt sees 33.8% increase in petroleum exports value in Q1 2021: CAPMAS - Daily News Egypt

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Egypt sees 33.8% increase in petroleum exports value in Q1 2021: CAPMAS

This compared to the $1.359bn recorded in the same quarter of the previous year.


Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that the value of Egyptian exports of petroleum products increased 33.8% to $1.819bn during the first quarter (Q1) of 2021.

This compared to the $1.359bn recorded in the same quarter of the previous year.

CAPMAS said that the most important petroleum products whose exports increased were: crude oil, which amounted to $399m in Q1 of 2021, compared to $325m Q1 of 2020; followed by natural gas, with exports amounting to $564m compared to $136m; and fuel oil (mazut), whose exports amounted to $522m compared to $209m.

The top countries to which petroleum exports increased were: Malta, amounting to $421m compared to $177m in the same time period; followed by India, amounting to $272m compared to $143m; Greece, which amounted to $226m amounting to $81m; China, where exports amounted to $201m, compared to $126m; and Italy, with $105m compared to $63m.

The agency indicated that the total value of petroleum product imports decreased by 11.4% to $1.879bn during Q1 of 2021, compared to $2.121bn in Q1 of 2020. 

The top petroleum products whose imports decreased included crude oil, reaching $643m in Q1 of 2021, compared to $1320m in Q1 of 2020.

The most important countries from which petroleum imports decreased were: Saudi Arabia, reaching $720m compared to $846m; followed by Kuwait, with $290m compared to $611m; Algeria, with $12m compared to $101m; Iraq, with $2m compared to $122m; and the US, with $82m compared to $95m.

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https://dailyfeed.dailynewsegypt.com/2021/06/01/egypt-sees-33-8-increase-in-petroleum-exports-value-in-q1-2021-capmas/
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